And the Governance Consensus regulatory laws will be put in place to ensure the safety of users’information and the preservation of blockchain technology. The phase entails understanding business needs, user-friendly interfaces, business developers' community, and so on. Also, if this phase is successful, business needs and demands will be met with guidance from the business owners. The Business Consensus phase is still in the works and it will attempt to make business owners become the driving force of this blockchain technology. The phase of the Technical Consensus was concluded in 2015 and it saw the development of the initial infrastructure protocols.ĭue to the rarity of blockchain platforms that focus on food safety, intellectual property management, traceability, and so on, this Consensus was intended to provide data on all the aforementioned concepts. To ensure that business owners can merge their physical transactions with blockchain technology, the VeChain network has developed three major blockchain evolvement phases Technical Consensus, Governance Consensus, and Business Consensus. The budding and ever-growing cryptocurrency industry has encouraged the VeChain network to add a new approach to the community. However, there is no documented value of its current maximum supply.īusinesses Are Made Better With VeChain (VET) Token Hex Coin (HEX) owns a circulating supply of 173,411,074,413 HEX tokens. The HEX tokens can be acquired in two ways users can either change Ethereum (ETH) into HEX or buy HEX on cryptocurrency exchanges. Furthermore, on the Hex ecosystem, 2,000 transactions are concluded in seconds. To ensure that users keep their stakes active, the HEX smart contract sanctions stakers for ending their stakes early but long-term staking attracts rewards. As a result, Hex Coin (HEX) hopes to encourage users to lock up their money and keep their stakes active. According to its creators, trading promotes mental distress while staking and holding tokens give peace of mind. In addition, Hex hopes to shift focus away from active trading to saving.
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