Blockchain profile
VeChain VET
VeChain is a public blockchain focused on enterprise applications, traceability, product data and Web3 tooling. Crypto traders and users track it for VET, VTHO, network activity, transactions, contracts and data visible through explorers.
Neutral information, not financial advice. Updated : 2026-06-16
Key characteristics
- Native asset: VET, tied to the VeChainThor ecosystem and the network’s economic model.
- Dual-token model: VTHO is used to pay transaction fees, separating the main asset from gas consumption.
- Enterprise orientation: VeChain emphasizes traceability, supply-chain data, sustainability and application integrations.
Use cases and ecosystem
- Traceability and data: tracking products, certifications, logistics information or event proofs depending on deployed applications.
- Market tracking: monitoring VET, VTHO, transactions, contracts, fees and network activity through explorers and crypto dashboards.
- Development: VeChainThor documentation, nodes, APIs, SDKs and open-source repositories useful for building or analysing applications.
Consensus and security
VeChainThor uses a Proof-of-Authority consensus model with authorized validators. Security depends on network governance, operators, software upgrades, deployed contracts and wallet practices.
Fees and performance
Fees are paid in VTHO and vary with network parameters, transaction type, contracts and activity. Real-world costs and performance should be checked at time of use.