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VeChain (VET): Latest Updates For 2020



๐Ÿ”ฅ TOP Crypto TIPS In My Weekly Publication ๐Ÿ‘‰
โ–บ Full Evaluate ๐Ÿ‘‰
โ–บ Greatest VET Wallets:

BTC Tipjar ๐Ÿ™๐Ÿป: 35YDYtYAB999JxiXQXewzLvMGX4ki2d3WL

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โฐ Time Stamps โฐ

1:15 Introduction
2:19 Whitepaper 2.0
4:04 CoinTelegraph Partnership
5:19 Anhui Tea Affiliation Partnership
6:22 DNV GL & ASI Group Partnership
7:53 Governance Enhancements
9:16 VeVote Platform
10:10 Different VeChain Updates
11:30 VET Hack
12:40 VeChain Response
14:34 Future Protections
16:30 Conclusion

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โ›“๏ธ ๐Ÿ”— Useful Hyperlinks ๐Ÿ”— โ›“๏ธ

โ–บ Web site:
โ–บ Whitepaper 2.0:
โ–บ GitHub:
โ–บ VET Hack Handle:

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๐Ÿ“ฑ๏ธ Socials ๐Ÿ“ฑ

โ–บ Official Weblog:
โ–บ Twitter:
โ–บ Telegram:
โ–บ Reddit:

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๐Ÿ“ฐ Information Tales ๐Ÿ“ฐ

โ–บ VeVote:
โ–บ Xi Jinping on Blockchain:
โ–บ VeChain Hack:
โ–บ Coin Telegraph Consulting:

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๐Ÿ“ WhitePaper 2.0 Adjustments ๐Ÿ“

One of many first gadgets addressed within the VeChain whitepaper 2.0 is its consensus algorithm. VeChain makes use of Proof-of-Authority or POA. VeChain isn’t glad with its efficiency and insists it might do higher.

Because of this, the mission is engaged on a next-generation PoA consensus mannequin that may assist high-volume, enterprise enterprise options.

VeChainโ€™s VeVote platform is a approach for VeChain to supply clear, immutable, and decentralized voting system to its stakeholders.

The governance mannequin shall be improved and the next modifications shall be made:

1. Redefined classes of VeChain stakeholders
2. Develop a streamlined voting course of for these stakeholders
3. Make changes to the voting authority technique
4. Slim the scope of topics which require voting

๐Ÿค๏ธ Partnerships ๐Ÿค

VeChain has shaped partnerships with quite a lot of firms. These embody the next:

– CoinTelegraph Consulting in an effort to facilitate blockchain adoption for the plenty
– Anhui Tea Associatio to leverage the VeChainThor blockchain in an effort to speed up the event and distribution of tea throughout the Anhui province.
– With DNV GL and ASI Group to kick off a cross-continental logistics and commerce answer which shall be powered by the VeChainThor blockchain.

๐Ÿ–ฅ๏ธ Tech Progress ๐Ÿ–ฅ

VeChain Sync was introduced in January of 2019 to reply the decision for a desktop person agent and pockets that allowed customers to work together with dApps.

VeChain carried out their Blockchain Explorer answer. For now, itโ€™s comparatively simplistic. It shows all transactions on the block in real-time and you’ll seek for transactions you probably have an account, TxID, or block quantity.

๐Ÿ‘จโ€๐Ÿ’ป๏ธ VET Hack ๐Ÿ‘จโ€๐Ÿ’ป

An incident occurred in December of 2019 that resulted within the transferring of 1.1 billion VET tokens to a selected pockets handle.

The mission has gone to nice lengths to analyze and handle the incident, which it found was a results of a stolen personal key on account of negligence of a workers member.

Builders on the VeChain mission created a blacklist in an effort to search out the stolen funds.

After the hack a proposal was submitted to completely blacklist 727 million VET concerned within the hack. This proposal handed with 99% voting in favour of the proposal.

The top of the Basis Operation Committee, Jay Zhang, has stepped down, citing he’s accountable for the incident because it occurred throughout his tenure.

Jay Zhang and VeChain CEO Sunny Lu will each forego 50% of their compensation for the 2020 fiscal yr on account of the incident

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๐Ÿ“œ Disclaimer ๐Ÿ“œ

The knowledge contained herein is for informational functions solely. Nothing herein shall be construed to be monetary authorized or tax recommendation. The content material of this video is solely the opinions of the speaker who isn’t a licensed monetary advisor or registered funding advisor. Buying and selling Foreign exchange, cryptocurrencies and CFDs poses appreciable danger of loss. The speaker doesn’t assure any explicit consequence.

#VeChain #VET #crypto #SupplyChain #Evaluate #China #Binance #blockchain

Source: Coin Bureau

35 Responses

  1. Now, as far as VChain is concerned. I agree mostly with your analysis in terms of the sector, tech development, committed team and their response to the theft. However, I am doubtful about their tokenomics, and their decentralization in the context of their primary target segment i.e. enterprise customers looking to implement VChain in their supply-chains. Let me explain my doubt. Particularly in the supply chain sector, there are some serious heavy weights already in the play – with IBM Food Trust or Microsoft Azure. Mind you, both IBM and MS offer "private" blockchain solutions, as against a "public" blockchain offered by VChain. Is there a compelling reason for enterprises to go for a "public" blockchain instead of a private one when implementing this in their supply chains? Further, when it comes to notable enterprises, I don't see how VChain can compete with the likes of IBM and MS in winning over clients. Secondly, if mostly enterprise customers are going to be part of the VChain blockchain network, what incentive would they have to collaborate amongst each other for the healthy governance of the network? I won't be surprised if VChain becomes a potential acquisition target for the likes of IBM of Microsoft in 2 to 3 years. What would that mean for its tokenomics? Having said all this, I'm super excited about this project but at the same time an investment case is not entirely clear to me. I'll stop there and would love to hear back from you or others.

  2. Thank you for the great information. I got some VET little while ago. I am trying to find blockchain projects that are trying to solve real world issues and use case for long term investing. VET it has been doing quite well which surprised me as it doesnโ€™t seem to be talked about much.Sunny Lu did an interview on digital asset investor recently VET seem to have an eye on many other things besides supply chain. I love the use case for VET. Looking to invest more with DCA. Are there other blockchain solutions for supply chain besides VET?

  3. Solid Guy, as always. I have been following this and done some research lately, your two videos helped. I have allocated some exposure and gone long, looking to DCA during the next few days/weeks. Congrats on the channel, as always. You are the most thorough, professional Blockchain channel out here and your Newsletter is Colossal!!

  4. If i I get things right. Companies that want to use this service should by vet tokens just as regular people thant want to earn money on them?
    That is a question about crypto in general. If that is right why should they bother with something that is voilatile and has a limit amount? I would pay the company to make me a blockchain that is made only for me. Your explanation would be highly appreciated. Best regards

  5. Got my sub for sure, I try to research on my own but sometimes I feel I donโ€™t have time after work and having a new born so itโ€™s nice to be able to rely on someone honest to give their time doing this research for the people! Keep it up.

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