Hey everyone! BMekiker here!
I am back with another altcoin review. I know that It's been a while since I've reviewed REQ, but there was a lot on my plate lately. Since I've moved past that we can continue our discussions. We are going to discuss what VeChain does and why their work is important. So, shall we?
What is VeChain?
VeChain is a blockchain powered solution to track and get information regarding to a product like whether a luxury bag is genuine or not, or the history of a wine you have purchased in a restaurant. Or the quantity and quality of an agricultural products. The blockchain's unique features like immutability and transparency also comes handy in the fields like logistics, government agencies and food and drugs. In short it can be described as "inventory tracking system based on blockchain".
Why is important?
Because industry was in need of a such solution that can provide immutability, transparency and trustworthiness that comes with decentralization.
VEN Coin
With the recent increase in popularity to cryptocurrencies, VEN also got the attention it deserves. At the moment it's been traded at range of $7 - $8. But it was only a month ago that it's been in the band of $2 - $3. Recent dip of the cryptomarket looks like didn't affect the VEN where other cryptocoins took a huge hit. The trend it has upward and upward only. Sure it's got couple of bruises here and there when whole market was at dip but which coin is perfect, amirite? :) I've big expectations from this coin and I believe this is just the beginning. Partnerships that are announced with Chinese government and other companies shows the trust on this brand new blockchain solution. So follow the news, read their whitepapers and see it for yourself.
Do you think it is worth it to invest in VEN? Leave a comment below!
Take care!