What is VeThor Token?
VeChainThor is a public blockchain deriving value from the economic activies of ecosystem participants with the goal of solving real world economic problems. VeThor Token (VTHO) is a VeChainThor native asset representing the underlying cost of using VeChainThor and is consumed whenever on-chain operations are performed. VeChain Token (VET) serves as a value-transfer medium to facilitate rapid on-chain value circulation as part of a two-token system with VTHO. VeChainThor combines the essential building blocks of Ethereum (account model, Ethereum Virtual Machine, modified Patricia tree, and the RLP encoding method) with innovative technical solutions to meet the needs of enterprises, individuals, and developers, with additional Meta-transaction Features such as multi-party payment, multi-task transaction, controllable transaction lifecycle, and transaction dependency to facilitate a user friendly development process for enterprise adoption.
