VeThor: Fueling the VeChain Ecosystem
The blockchain industry is constantly evolving, and projects like VeChain are at the forefront of this transformation. VeThor (VTHO), one of the two native tokens of the VeChain ecosystem, plays a vital role in ensuring smooth network functionality. This article dives deep into VeThor, exploring its role, functionality, and significance in the blockchain space. What is VeThor? VeThor, often abbreviated as VTHO, is the energy or "gas" token that powers the VeChainThor blockchain. It is designed to handle transaction costs and facilitate the execution of smart contracts within the network. Unlike many blockchain ecosystems that rely on a single token, VeChain uses a dual-token model comprising VET (VeChain Token) and VTHO (VeThor Token). While VET serves as the value or stake token, VTHO is specifically utilized to pay for transaction fees, ensuring that the network remains efficient and cost-effective. The Role of VeThor in the VeChain Ecosystem The VeChainThor blo...