#VET

VeChain (VET) is a cryptocurrency and blockchain platform designed to track and manage high-value goods throughout their supply chain. VET leverages blockchain technology to enhance transparency, efficiency, and security in various industries, including luxury goods, pharmaceuticals, and food.

Technically, VET operates on a two-token system: VET and VeThor (VTHO). VET is the primary token used for transactions and governance within the VeChainThor blockchain. VTHO is a utility token generated from VET holdings and is required to execute smart contracts and transactions on the network.

VeChain's Proof-of-Authority (PoA) consensus mechanism ensures network security and scalability. PoA relies on a selected group of trusted nodes to validate transactions, making it more energy-efficient than Proof-of-Work (PoW) systems like Bitcoin.

From a technical analysis perspective, VET's price has experienced volatility, influenced by market trends and project developments. Key factors to consider include trading volume, market capitalization, and technical indicators like moving averages and relative strength index (RSI).

Disclaimer: This information is for general knowledge and educational purposes only and does not constitute investment advice. Conducting thorough research and consulting is crucial before making any investment decisions.