2464 cryptocurrencies
Total Market Cap $205.077.859.327
Total Volume 24h $1.242.600.040
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Vechain Vechain

0,68 USD/VEN
0.00011198 BTC
-0,01 (-1,87%)

Vechain Price today

Vechain, also known as VEN, has a price today of 0,68$ and a market capitalization of 681.278.592$, which is 0,33% of the total. Vechain has a total of 1.000.000.000 coins in circulation.

In the last 24 hours, the price of Vechain has decreased -0,01$, which is -1,87% of its valuation.

What is Vechain?

VeChain is the new leading face for supply chain management. It was created to improve the SCM in order to get rid of all security loops and transparent ledger system. With VeChain every user and retailers will get the benefit of determining the authenticity of any products.

The ledger of VeChain enables to log in every information related to supply chain such as materials, spare parts, servicing or any other information on the products. It's a process where an organization can manage the supply chain efficiently without extra efforts.

The products are listed with different identification which is all unique by default. This enables any supplier to keep track of a particular product. Using the VID tech, VeChain tracks every movement of a product. A SHA256 hash protocol produces these VIDs and randomly assigns them to the products.

So, any transaction of products from suppliers to consumers can be tracked from both ends. This method helps to be transparent at all cost.

One can go for the ownership based on their digital platform. The ownership determines what type of keys the user will have. An account can have both private and public keys.

Vechain Features

  • Offers a working solution to every supply chain management.
  • The gateway services are really fast and secured for that matter.
  • Can track any product from both consumer and suppliers end.
  • Permits unique identification for every product on the system.
  • The transaction fee is quite cheap.

Vechain Technology

The initial technology is blockchain. But VeChain adds an extra layer of security and authentication to the whole system. VeChain network enables users to log in every detail of any product and sell on the network. Adding a layer of a different algorithm it can track all the process, unlike other cryptocurrencies.

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Market share 0,33%
Proof type
24h Open $0,69
24h Low $0,64
24h High $0,73
Price in BTC 0.00011198 BTC
Current Supply 1.000.000.000 VEN
Market cap $681.278.592
24h Volume (coin) 0 VEN
24h Volume (currency) $0
Last updated 2018-08-14 20:21:43 +01:00 BST
Date Price Volume

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