VeChain VeChain (VET) is a proof-of-stake token, and VeChain itself explains that relatively low computing power is required to achieve network security and maintain user consensus. A separate feature, proof-of-authority , involves authority masternode operators maintaining the protocol in their own interest according to rules laid down by parent organization, the VeChain Foundation.
As of March 2023 VeChain has a market cap of 1.71B. This makes VeChain the world's 34th largest crypto project.
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