What is VeChain (VET)?

VeChain is one of the advanced blockchain platforms and the 17th most popular cryptocurrency which is valued at $8.1 billion.

It is designed with an intent to aid the supply chain in better management and better flow of business processes. Vechain aims to streamline the processes and the flow of information for supply chains through the utilisation of distributed ledger technology.

One of the primary functions of  VeChain platforms is to offer assistance to marketing industries in keeping tags on their products by affixing sensors to supply chains.

These sensors in turn monitor the Temperature of products’, location, temperature etc., by using advanced technologies. 

However, to avail of any of these tracking services the users need to have native cryptocurrency Vechain(VET) since the platform makes use of cryptocurrencies. Another thing about the tokens is that, for VET to transact, gas fees should be paid using VeThor(VTHO).

Hence, two of these tokens work hand-in-hand on the same platform and still possess distinctive differences. 

Tokens: VET vs VTHO 

The key differences between the tokens of VET and VTHO lie in their usage. VET token denotes the leverage a user possesses over the platform I.e the more VET tokens a user has the higher the importance given to that user.

VTHO on the other hand functions as gas fees that are used to authenticate decentralised applications and smart contract transactions. The VTHO tokens can be either purchased or obtained by a user, depending upon the number of VET tokens they have.

If the users have more VET tokens, their chances of having more VTHO increases subsequently.

The function of VET tokens is similar to that of Bitcoin, Ethereum serves the purpose of storing value and transferring across the network. On the other hand, VTHO tokens can be used as energy tokens.

Who are the founders of VeChain (VET)?

Vechain was founded in the year 2015 by Sunny Lu who also happens to be the chief information officer (CIO) of Louis Vuitton China. What started as the subsidiary of Bitse ( largest blockchain in chains) a currently among the few blockchains that have a huge customer base.

What makes VeChain unique (VET)?

• As an enterprise blockchain platform Vechain aims to offer a purview of an organisation through the utilisation of information that’s been disintermediated from data silos. 

• Vechain plans to set off as a principal platform for ICOs (initial coin offerings ) and for carrying out transactions IoT (between Internet of Things) the devices connected.

• As a blockchain platform, the focus of VeChain is to record what happens at every stage of the supply chain.

• One of the smart ways to know if an investment turns out to be profitable in the long run is to know who is supporting the project. A well-known U.S billionaire decided to invest in the case of Vechain, which catapulted its success massively.

Goals of Vechain

Vechain stated its goal to construct a platform that’s a trust-free and disseminated business ecosystem to authorise it for the flow of transparent information, efficient collaboration and swift value transfers. 

As claimed by Vechain’s white paper, the ever-evolving blockchain technology can break the problem of asymmetric information and allow ownership of data to be leveraged by the owner. 

How Many VeChain coins (VET)?

The Vechain has a total circulating supply of 64,315,576,989 VET with the maximum supply being 86,712,634,466 VET coins.

How does VeChain (VET) work?    

The platform of VeChain is so diverse as it can be used to do countless things like track the storage temperature, quality, authenticity, medium of transportation and last-minute delivery of medicine packs right from the manufacturing, the final deli ry to the end customer. 

For these goals to be accomplished VeChain uses smart chips or RFID tags ( Radio Frequency Identification) as well as sensors that relay key information onto the network of blockchain that can be accessed by stakeholders in real-time.

The application of sensors indicates that all parameters about the product can be continuously monitored and problems can be communicated back to the relevant stakeholders.

A company that deals with medicines/drug are informed of if any medicine has been stored outside if a prescribed temperature. 

Vechain’s Governance Protocol

The Vechain protocol makes use of proof of Authority as a Consensus protocol. As per the protocol of Proof of Authority(PoA), the disbursement of votes is dependent on VET holdings and the disclosure of the user by the users.

VET holders with 1 million tokens and without any KYC details are allotted 20% of all the votes while the VET holders with 1 million tokens along with KYC credentials are allotted 30% of the total votes. 

In VeChain’s blockchain, the consensus on any transaction can be reached with the help of 101 master nodes. This system is very much different from Bitcoin in which consensus on a transaction is reached only when all the nodes vote on that particular transaction.

However, any kind of anonymous node is not allowed with the disclosure of identity being an indispensable prerequisite to become a master node with authority. As stated by the white paper, the blockchain system of Vechain uses less electricity and does not place much emphasis on validators to reach a consensus.

Another kind of master node which is in the Vechain system is the economic master node that isn’t involved in the production of blocks or records but is used to check on power.

The voting rights in a decentralised system are centralised by the system of master nodes. However, the founders of VeChain said that their aim towards crafting such a protocol is to attain a balance between centralization and decentralization.

Conclusion

One of the most attractive features to invest in VeChain is because unlike many other cryptocurrencies the team of Vechain is a perfect blend of business savvy and tech enthusiasts.

Being backed by powerful business partnerships Vechain indeed has the potential to grow steadily in the long run.

Vechain has what it takes to carve a fair portion of the supply chain provided they continue to follow their road map, building more partnerships all while executing Vechain Toolchain™

What is Waves (WAVES)?

Every new blockchain technology presents the users with a different token. Wave is an all-together unique platform that enables its users to customize their tokens. 

Users can not only customize tokens on the waves website but they can exchange them on their decentralized exchange.  If you need mass funding for your new projects you can easily use your custom-made token to ease your process. 

Users can come up with their designs based on their vision and idea. They can be as creative they want with the creation of tokens.

Earlier users needed to possess some coding skills or blockchain development knowledge. But to make it feasible for a user who is not into this and still enable them to use waves the team here at waves have devoted a seamless process to creating their customized tokens 

It is as easy and simple as making a website on WordPress. They have made the process so easy that it can be made in under a minute.

What architecture waves is based on?

Waves blockchain technology has two features namely 

1- Two-tier architecture system

2- Leased proof of stake

In a two-tier architecture system, the network maintains two types of nodes which are lightweight nodes and full nodes.

Lightweight nodes need validation from full-type nodes to manage the transaction. As a result of such architecture, lightweight nodes don’t need to download full traction history but only retrieve important information from full nodes. This makes transactions seamless by operating on lightweight nodes. 

Leased Proof of stake is an extension to proof of stake. Owning to this concept waves enabled users to participate in blockchain management by leading their nodes. 

To be able to add a new blockchain a certain amount of cryptocurrency is needed.  With the introduction of this system, a user can lease some stake from another node. 

Leasers earn a certain percentage of the amount of cryptocurrency leased. 

Who are the founders of Waves (WAVES)? 

Sasha Ivanov is the founder of Waves blockchain technology which has gone on to become a successful project with active users from 25 countries. It has been highly successful in crowdfunding since its launch.

The idea behind that was to create a token that can be used as cryptocurrency and allows for customization from a user point of view. He has a background in business and banking administration. 

He launched waves in 2016, and to facilitate that he raised initial coin offerings of $22 million which is approximately 30000 bitcoins. 

What makes waves (WAVES) unique?

Waves got its inspiration from Blockchain technology’s inherent problems of slow processing. It has got its uniqueness from the problem already existing in blockchain technology. 

Earlier to be able to develop tokens that required the users to be skilled in coding techniques. But now with the introduction of the waves platform, this problem has been solved. It is designed in such a way that a person with zero knowledge would be able to design a decent token for them. A personalized token in a few clicks.

How Many Waves (WAVES)coins?

Currently, there are 100 million coins in circulation. There is a limited supply of cryptocurrency to maintain its value over the years with the maximum supply limit having already been reached. 

How do waves (WAVES)  work?

Waves just like many other cryptocurrencies operate on a decentralized ledger that popularly goes by the name blockchain.

The blockchain is secured by a state-of-art consensus mechanism called LPoS (leased proof of stake)  which is nothing but a slightly improved version of PoS(proof of stake) that provides authorization to the users of lite wallet to help take part in the process of block validation by leasing their tokens to mining nodes.

Upon leasing Waves to a mining node, the users can pocket a fraction of the block reward provided their chosen node is favoured as its validator.

Most of the power posted by Waves eventuates from its Smart Assets which are fundamentally tokens that possess added functionality as a result of asset scripts. These can in turn offer Smart Assets with a range of fascinating attributes. The process of creating a Smart Asset on Waves is extremely effortless, your token can be launched upon setting a few parameters and paying a 1 Waves fee. 

Distinctive features of Waves :

• WAVES-NG mainnet is a recently launched version of Waves that can handle more than 100 transactions per second.
• Waves charge a transaction fee that can be as low as 0.001 Waves for regular transactions and 0.005 Waves for those transactions that invoke a script.
• Waves LPoS(leased proof of stake) protocol ensures inclusiveness of the platform that allows anybody with Waves tokens to rake in rewards by simply leasing their tokens to the mining nodes.

Conclusion 

To conclude, waves are a new technology that can ease up users’ life in many ways. It is an easy to use platform which can provide tokenization. It provided users with a seamless user interface that is deep-friendly.

It is growing so fast as they not only allow the end-users to customise their tokens but also to trade with them using a decentralized exchange.

One can not only trade their token but also stake them.  To take part in the blockchain process one needs to own a certain amount of cryptocurrency which can be exchanged for waves coins. 

If users have not had enough tokens they can stake their token to someone else and earn a pretty gold reward over them. 

Like many other blockchain technology providers, waves also provide its exchange and wallet. With very easily customizable tokens that provide no limit for trading, waves became a swiftly growing blockchain platform with a promising future.

Not only do they allow you to trade but allow you to stake your tokens. Instead of keeping them in your wallet,  you can opt for staking the tokens which will give you extra rewards.

By far it can be said it will continue to grow because of the ease that the company had aimed to provide to its users. They are user-oriented and certainly deserve the hype.

To read more interesting articles about cryptocurrency, head to Postling blog.

Horizen is a security and privacy-focused blockchain network. Their primary aim is to make the transactions between parties secured and private.  

What is  Horizen (Zen) ?

Cryptocurrency uses blockchain technology which is based on the premise that all the transactions should be public with its data needed to be spread over all the networks that are participating. 

Zero-knowledge proof is a tool that enables a person to sign and validate the transaction without making them reveal their details thus ensuring maximum privacy of the users. 

This tool makes the Horizen’s transaction unbreakable and untraceable. They believe the privacy between persons, transacting should be maintained. 

They are mainly aiming for making a decentralized system where users can message, publish and make decentralized apps, and maintain their privacy. 

Who is the founder of Horizen (Zen)? 

Robert Viglione and Rolf Versluis are the co-founders who in the year 2017 launched Zencash. 

It was only after when attackers gained control over 51℅ softworks in Zencash they rebranded themselves and came up with horizen with tight security and privacy assured policies.  

What makes Horizen (ZEN) unique?

After going through a great deal through zen cash, horizen had come back stronger. Their team is now aiming to develop side chains. 

The side chain technology is a sophisticated innovation that’s been devised to get better of the existing limitations in the ecosystem regarding scalability as well as extensibility.

Horizen main chain has a scalable capacity of 30000 nodes. Due to cross transfer, the Zen coins can be transferred from the main chain to side chains and vice versa.

What else is horizen offering?

With cryptocurrency getting into every nook and gaining its importance around the world. It’s hard to enter established markets unless they offer something unique and of value. 

Horizen entered the market when bitcoin was at its peak. Ethereum with its creativity offered a package of service to customers.  Entering into a market that is already saturated and making a place for itself hasn’t been a smooth journey to the Horizen

Horizen works with different nodes. It is called a multi-tiered system where regular nodes are just similar to the ones that other cryptocurrencies use. They store all the blockchain data and process them.

Then comes the high secure nodes that have established one of the most resilient, distributed, powering the ecosystem of the Horizen all while offering enhanced privacy to an end-to-end blockchain network. 

The secure node network that is integral to Horizen ensures Secure, private communication between nodes maintaining utmost integrity at the communication level.

The secure nodes are highly encrypted which helps secure the transaction between two parties.  It prevents any other person from being able to see the transactions are taking place there.

Then there is a super-secure node that is used by horizen itself for their side chains. Owning to all these different layers horizen has managed to maintain 40000 nodes leaving bitcoin and ethereum behind.

Horizen has managed to be among the top crypto-based platforms in a short period due to its security and privacy-based vision.

How are zen coins generated? 

Horizen used both the algorithm such as proof of work and proof of stake.  Proof of work enables miners to solve complicated math problems and reward them with coins. 

Proof of stake is a system where one user stakes their token to someone else who wants to buy a block for themselves.

One party earns a block for themselves and the other one earns a percentage of rewards for them.

How many Horizen (ZEN) coins? 

Currently, there are 11, 574,006 zen coins in supply. The maximum capacity is 21,000,000 zen coins. The cryptocurrency works with the premise that supply does the amount should be limited as it contributes to not make cryptocurrency lose its value.

How to buy zen coins?

Horizen is among the top 100 cryptocurrencies. It is available on many exchanges to be brought from mainly Binance, Huobi global, and OKEx. Users need to have an account on any exchange to be able to transact for horizen coins.

How does Horizen (ZEN)  work?

Horizen transaction takes place using Zen cash. Their crypto asset is Zen cash. Mainly transactions are divided as having’ T ‘ address or ‘Z ‘address as their zen addresses. 

The addresses are nothing but similar to bitcoin where everyone can see the transaction happening. There is no privacy whatsoever. 

Z address uses zero-knowledge proof tools wherein nobody can get access to see what, when and between whom the transaction is taking place. 

What has horizen achieved so far?

Horizen despite being launched for almost 5 years now has managed to secure a position in the top 100 cryptocurrencies. The Horizen managed to be listed among 28 new exchanges for trading purposes. 

They also developed a community for developers to join. Many developers joined the community and became part of Horizens.

What are Horizens private policies like?

1- Horizen is offering user responsible privacy. It means that the user can choose to which extent they need privacy. They can choose to share information with friends and family. Or they can opt for a public sharing option also. They are becoming popular because of this feature.

2- Horizen believes that users should be properly educated about the importance of privacy. They aim to make people aware of the fact that privacy should hold utmost value to them. 

3- To regulate criminal activity won’t get a platform Horizen is encouraging you to avail privacy for your transactions. It will further discourage hackers to not roam around and play with other personal data.

Conclusion

Zencash which is now known as Horizen is a privacy focus ecosystem. If any user wishes to have an investment in privacy and security they can easily opt for the Horizen.

There is a good return on investment. A diversified portfolio is what makes an investor wise here.

Horizen has both side chain as well as main chain functionality which makes the process of transacting zen cash easy and seamless and secure.

Even though lacking a physical form and a place among the fiat currencies, cryptocurrencies have never failed to attract the attention and curiosity of the people. Compared to the fiat currencies which took birth nearly hundreds of years ago, Cryptocurrencies, which took shape just more than a decade ago, have gained widespread popularity as the alternative means of currency and the digital counterpart of fiat.

 With cryptocurrency, the word Blockchain has also gained widespread popularity as the most advanced, cyber backbone, based on which cryptocurrencies work. Theta Fuel is one such cryptocurrency and is commonly known as Theta.

What is Theta fuel (TFUEL)?

Theta Fuel / TFUEL is one of the 2 tokens which work on the Theta blockchain technology. The other token which is based on theta blockchain is Theta token / THETA.

 Both TFUEL and THETA are often confused as two different names for a single token, which is wrong. The TFUEL runs on a community, supported, contributed and maintained theta blockchain, which also works by the validation by enterprise validators such as Google, Binance, Samsung, Gumi and Blockchain ventures.

Theta fuel is the second token based on Theta Blockchain, which serves as a utility token in video streaming services delivery and data acquisition.

TFUEL is also used as a utility token in Petrol bunks/fuel stations/gas stations as an exchange for fuel or gas. Theta blockchain also works on the smart contracts system which helps the users to securely transact with anyone across the world.

 It is also used for paying trading fees in applications like NTFS and DeFi. Tfuelis also used to reward individual users in the theta ecosystem who provide their redundant computing power as edge computing nodes and bandwidth resources like Edge caching nodes to facilitate video streaming and accessing other forms of data.

Who are the founders of Theta fuel (TFUEL)?

TFUEL along with theta tokens and the whole theta ecosystem was started by Mitch Liu and Jieyi Long in 2017. Liu was well versed with domains like gaming, video streaming, VR gaming. With that expertise and passion, Liu has also co-founded a video advertising company called Tapjoy, social media gaming startup Gameview studios and Theta TV. 

Theta Tv is the first application to be built on the theta protocol. Jieyi Long from then onwards started working as CTO for the Theta ecosystem. With investments pouring in from tech giants, diversified investment and operations professionals from Samsung NEXT, Sierra Ventures, BDMI, creative artists agency and VR funds have become a part of the company.

What makes Theta Fuel (TFUEL)unique?

The USP / Unique selling proposition of Theta is the video streaming decentralizing use case. Theta has transformed the method of disseminating video content, decreasing the cost of data delivery, video streaming and technology dissemination. Content creators, viewers and other stakeholders are getting a bigger cut, all thanks to theta ecosystem. 

The Theta blockchain is an open-source platform and works on the proof of stake mechanism (PoS).  Theta also provides services to developers and programmers who are looking to launch applications such as DeFi and NFTs.

How Many Theta Fuel (TFUEL)Coins Are In Circulation?

The creation of theta Fuel happened on March 15th, 2021. Initially, 5 billion TFUEL tokens are injected into the circulation. That means, for every 1 token on the native theta network, there are 5 Theta Fuel tokens. The total circulation or total volume gets increased by 5% every year. The newly added supply is constantly monitored by the community of users and developers.

Members of the community, who are taking care of the operations of the blockchain and the validators will get a part of the new theta fuel tokens corresponding to the amount of Theta they are staking.

How does Theta Fuel (TFUEL) work?

The theta tokens and Theta fuel tokens both rely on the theta blockchain network, which works on the proof-of-stake consensus mechanism. Along with this security layer, there is also additional security imparted to theta blockchain by the multi-level Byzantine fault Tolerance / BFT consensus mechanism, which provides unbreachable security and provides space for safe, easy and fast transactions. 

During the launch, the theta network has added guardian nodes to the theta network, these guardian nodes ensure that no singular individual/node has the authority or access to manipulate the network but the overall consent of all the guardian nodes could do that. 

These guardian nodes, along with providing security, offer phenomenal transaction speed, which lies around 1000 + transactions per second, according to the claims made by the network. The network also offers rewards to individuals who participate in network governance, in the form of tokens.

Conclusion

Employing the idea that the majority is always right and the cumulative consent of the crowd or the majority is more powerful than the individuals who are a part of the crowd, blockchain has transformed the finances, commerce, investments, payments, governance, supply chain, research and whatnot!

Being based on such a blockchain network, theta fuel and theta tokens are developed keeping the video streaming, data delivery and fuel delivery systems in mind. 

Backed by sound security protocols and mechanisms, theta fuel and theta tokens offer a solution to the stakeholders, creators, audience and the people occupying auxiliary positions in the video industry who are looking forward to optimizing the processes and enhancing the industry as a whole.

 Fortunately, theta has fueled the vision of the industry leaders and very soon after its inception proved that it indeed is the panacea for the video streaming and video content creation industry.

The efficiency of the theta network is enhanced, if not transformed by the two types of tokens built on the network. The major THETA tokens act as rewards for guardian nodes who are responsible for securing the chain and keeping the chain operational over time.

 To fuel the activities of THETA, THETA FUEL / TFUEL helps in propelling the maintenance of the chain, thus making it one of the most successful and efficient cryptocurrencies in the world. With more than 5 billion tokens in supply, THETA is making every crypto enthusiast’s eyes turn towards it.

To read more interesting crypto articles, head to Postling blog.