Cryptocurrency Q&A
What chain does VeChain use?
What chain does VeChain use?
Bianca
Wed Oct 30 2024
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5 answers
1047
I am curious about the underlying technology of VeChain. Specifically, I want to know which chain it employs for its operations. Can someone enlighten me on this matter?
5 answers
charlotte_clark_doctor
Fri Nov 01 2024
The cryptocurrency VEN was initially launched on the Ethereum blockchain.
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BonsaiBeauty
Fri Nov 01 2024
This was accompanied by a token crowdsale, which successfully raised $20 million.
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SakuraBlooming
Fri Nov 01 2024
VEN served as the native token of the VeChain platform during its early stages.
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WhisperVoyager
Fri Nov 01 2024
However, VeChain later decided to launch its own blockchain, known as the VeChainThor blockchain.
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BlockProducer
Fri Nov 01 2024
As part of this transition, VEN was replaced by VET at a 1:1000 ratio.
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