VET (VECHAIN) TO $500 IN 2026- MOST UNDERVALUED CRYPTO ALTCOIN
VET (VECHAIN) TO $500 IN 2026- MOST UNDERVALUED CRYPTO ALTCOIN
Operating on the VeChainThor blockchain, the VeChain (VET) crypto aims to amalgamate the use of distributed governance and Internet of Things (IoT) technologies. It helps in several issues related to global logistics systems to supply systems that the enterprises face.
In short, VeChain is a protocol, which aims to meet the real-time and trustless data sharing between multiple participants. Co-founded by Sunny Lu, the VeChain aims to provide enterprises the technology to launch new kinds of DApps. Operating on the proof-of-authority (PoA) consensus, the VET crypto is able to verify transactions to the VeChain’s public ledger, VeChain Thor.
Through the PoA consensus, the users can verify and add transactions to Authority Masternodes. While the PoA mechanism helps process large transaction volumes, but it also depends on a central authority to ensure seamless processing of the transactions.
Besides its native token VET, the VeChain also uses VTHO, which is used for the transactions on its blockchain. This ensures the price volatility of the VET coins. Due to its transparent system, it not only reduces slack but also reduces costs through trustless automation via smart contracts.
Experts predict that VET token has the potential to grow in the coming years. Due to its unique protocol, it has the potential to grow by +500% in the next five years and they predict that VET could reach US$500% by 2026. Only time will tell, whether it does reach such a high, but the recent news of the Government of Mongolia government choosing VeChainThor could help it strengthen further in 2022 as well.
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