VeChain Docs
  • Welcome to VeChain
  • Blockchain Basics
    • Introduction to blockchain
    • Introduction to digital property
    • The evolution of the internet
  • Introduction to VeChain
    • About the VeChain blockchain
      • Consensus Deep Dive
      • Governance
    • Dual-Token Economic Model
      • VeChain (VET)
      • VeThor (VTHO)
    • Acquire VeChain Assets
    • Sustainability
  • Core Concepts
    • Networks
      • Thor Solo Node
      • Testnet
      • Mainnet
    • Nodes
      • Node Rewards Programme
    • Blocks
      • Block Model
    • Transactions
      • Transaction Model
      • Transaction Fees
      • Transaction Calculation
      • Meta Transaction Features
        • Transaction Uniqueness
        • Controllable Transaction Lifecycle
        • Clauses (Multi-Task Transaction)
        • Fee Delegation
          • Multi-Party Payment (MPP)
          • Designated Gas Payer (VIP-191)
        • Transaction Dependency
    • Block Explorers
    • Wallets
      • VeWorld
        • User Guide
          • Setup
          • Wallet
          • Signing
          • Activities
          • Settings
        • FAQ
      • Sync2
        • User Guide
          • Setup
          • Wallet
          • Signing
          • Activities
          • Settings
        • FAQ
      • Sync
        • User Guide
          • Wallet
          • Ledger Device
          • Browser dApps and web
          • Interact with dApps
          • Activities
          • Settings
          • Report an Issue
          • Contributing
        • FAQ
    • EVM Compatibility
      • VeChain Modifications
      • Methodology
      • Test Coverage
        • Gas model
        • Raw transaction
        • hardhat specific
          • Ganache failures
          • evm_increaseTime
        • Failures in constructor
        • eth_sign
        • Contract address prediction
        • BadBeacon proxy address at 0x1
      • How to Recreate
      • Additional Information
        • Using Governance Contracts
        • ERC1820/ERC777 Testnet
        • Delegate Options
    • Account Abstraction
      • UserOperation
      • Bundler
      • EntryPoint Contract
      • Account Factory Contract
      • Paymaster Contract
    • Token Bound Accounts
  • How to run a node
    • Nodes
    • How to run a Thor Solo Node
    • Custom Network
    • Connect Sync2 to a Thor Solo Node
  • Developer Resources
    • Getting Started
    • How to build on VeChain
      • Connect to the Network
      • Read Data
        • Read Blocks
        • Read Transactions
        • Read Accounts
        • States & Views
        • Events & Logs
        • VET Transfers
      • Write Data
        • Transactions
        • Fee Delegation
      • Listen to Changes
        • Events
        • VET Transfers
        • Transactions
        • Blocks
        • Beats
      • Build with Hardhat
      • Utilities
        • BigInt and Unit-Handling
        • Name Service Lookups
    • Example dApps
      • Buy me a Coffee
      • Token Bound Accounts
      • PWA with Privy and Account Abstraction
    • EVM Compatibility for Developers
      • Key Architectural Differences and Optimizations
      • Practical Implications for Developers: Key Considerations
      • RPC Methods (Detailed Breakdown)
      • Frequently Asked Questions (FAQs)
      • VeChain Blockchain Specifications
      • Key Differences Between VeChain and Ethereum (Summary)
      • Best Practices for Developing on VeChainThor
    • How to verify Address-Ownership
      • Next.js Session Verification
    • Debug Reverted Transactions
    • Account Abstraction
    • VIP-191: Designated Gas Payer
      • How to Integrate VIP-191 (I)
      • How to Integrate VIP-191 (II)
      • How to Integrate VIP-191 (III)
    • Index with Graph Node
      • Setup with Docker
      • Index with OpenZeppelin
        • Create Subgraph Project
        • Configure Contracts
        • Deploy Subgraph and start Indexing
        • Track Subgraph Indexing
        • Access Subgraph
        • Update Subgraph
    • SDKs & Providers
      • SDK
        • Architecture
        • Accounts
        • Bloom Filter
        • Certificates
        • Contracts
        • Cryptography
        • Debug
        • Encoding
        • Polls
        • Subscriptions
        • Thor Client
        • Transactions
      • Thor DevKit
        • Installation
        • Usage
          • Cryptography
          • Accounts
          • Encoding
          • Transactions
          • Certificates
          • Bloom Filter
      • DApp Kit
        • v2
          • Installation
          • React
            • Installation
            • Usage
          • Vanilla JS
            • Installation
            • Usage
          • Core
            • Installation
            • Usage
          • Theme Variables
          • i18n
        • v1
          • Installation
          • React
            • Installation
            • Usage
          • Vanilla JS
            • Installation
            • Usage
          • Core
            • Installation
            • Usage
          • Theme Variables
          • i18n
          • Node Polyfills
          • V0 to V1
        • v0
          • Installation
          • Usage
          • React
            • Installation
            • Usage
          • Vanilla (UI)
            • Installation
            • Usage
          • Styles (UI)
          • i18n
      • DevPal
      • Web3-Providers-Connex
        • Installation
        • Usage
      • Connex
        • Installation
        • API Specification
    • Frameworks & IDEs
      • Hardhat
      • Remix
    • Built-in Contracts
    • VORJ
    • Useful Links
  • How to contribute
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Introduction to VeChain

An introduction to VeChain and the VeChainThor blockchain ecosystem.

What is VeChain?

VeChain, headquartered in San Marino, Europe, is a pioneering blockchain ecosystem and creator of VeChainThor, a world-class smart contract platform driving real-world blockchain adoption. Founded in 2015 by Sunny Lu, VeChain has consistently worked to deliver a transparent, efficient, scalable, and adaptable blockchain solution.

Since its inception, VeChain has established itself as a leader in the blockchain space, forging partnerships with renowned organizations such as Walmart China, BMW, DNV, and the government of San Marino. VeChain's current mission is to build digital ecosystems that drive global sustainability and digital transformation.

Why choose VeChain?

The VeChainThor blockchain is engineered for mass adoption, offering several key advantages:

  • Scalability: Innovative transaction model supporting asynchronous operations and transaction lifecycle dependencies.

  • Cost Predictability: Unique dual-token model ensures stable transaction fees during high-demand periods.

  • Sustainable Consensus: Proof of Authority (PoA) mechanism provides security and scalability with a minimal carbon footprint.

  • Fee Delegation: Enables sponsor accounts to cover transaction fees, lowering barriers to entry for new users.

  • Robust Security: Zero reported hacks of the PoA consensus mechanism since inception.

  • High Reliability: Uninterrupted operation since the genesis block in 2018.

  • Interoperability: Compatible with other leading blockchain platforms.

VeChain Governance

VeChain embodies true decentralization, operating as an open, public network without centralized control. The ecosystem thrives on community support and promotion. Strategic direction is provided by a steering committee and the VeChain Foundation, ensuring the network's growth aligns with its core mission and values.

Last updated 10 months ago

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About VeChain

Dual-Token Model

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Sustainability