My two most favorite cryptos

in #blockchain6 years ago (edited)

3077.pngMy first favorite currency is #VeChain


https://www.vechain.org/
17.8.2018 : $0,014441 USD

  • Currently VeChain developed their own blockchain. It used to be an ERC20 token running on the Ethereum blockchain. The VeChain mainnet started at the end of Q2. At that point all (business) activity was transferred to their own chain. From this point onwards the VeChain Thor blockchain will be a twin token system consisting of the VeChainToken (VET) and VeThor token (VTHO). VeThor is generated by holding VET, similar to the way GAS is distributed among NEO holders.

  • VeThor is used to pay for the use of applications, as well as transactions on the blockchain. Parties using VeChain receive VeThor for free, and will only pay to use VeChain applications. VET will be used for the issuance of new applications, the usage of platform-wide services and for other platform-wide transactions.

  • VET employs a combination of blockchain technology and smart chip technology. They make it possible for companies such as Renault to track items through their supply chain, ensure the authenticity and quality of goods, and control the quality of food products. The smart chip can be implemented within the Internet of things. It has already been deployed in near-field communication chips, radio-frequency identification trackers, or QR codes.

2606.pngSecond my favorite currency is #Wanchain


https://wanchain.org/
17.8.2018 : $0,864601 USD

  • One of the biggest selling points of Wanchain is its ability to facilitate asset swaps across multiple Blockchains. Let's say that Mark wants to send an amount of Bitcoin valuing the equivalent of $1,000 to Amy, but Amy would prefer Ethereum.
  • Using the Wanchain wallet, Mark would be able do send Bitcoin and have it converted to Ethereum without the need of going to a centralized exchange for that service. Wanchain removes the need for a third party when creating transactions such as this. Thereby reducing cost, transaction times, and risk.

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