VeChain (VEN) Recovers Price Positions, Founder Sunny Lu Addresses Community
Cryptovest
Published Apr 19, 2018 04:06AM ET
Updated Apr 19, 2018 04:31AM ET
VeChain (VEN) Recovers Price Positions, Founder Sunny Lu Addresses Community
VeChain (VEN) proved to be one of the more promising digital assets in 2018, as its price staged a strong recovery in the past days. VEN has been on a rising trend in all of April, finally reaching $3.60 with a 7% daily growth. Since the beginning of the month, VEN also grew by 30% against BTC prices, as altcoins are gaining prominence once again, and Bitcoin’s dominance is dropping again.
!veChain!
VeChain trading has moved from Binance and into LBank, a new exchange which now concentrates more than 51% of VEN trading volumes. However, Binance is still in demand for VEN, since it would credit the new VET tokens once the mainnet launches.
VeChain is slowly gaining prominence, as the project expects real-world partnerships to unroll its blockchain solutions. The latest round of publicity comes from the project’s CEO, Sunny Lu, who is seen as a prominent inspirational leader.
https://twitter.com/vechainofficial/status/986635795137097728
In a detailed statement to the community, Lu explained the larger goals of VeChain - achieving enterprise-grade adoption and being present in anyone’s life.
“We believe firmly that in the end blockchain will be used by everyone, knowingly or unknowingly. The world will use blockchain technology in the same way that they use TCP/IP when accessing the internet. The VeChainThor Platform is a public blockchain that is designed for mass adoption through enterprise adoption,” he wrote.
Lu pointed out that the VeChainThor network will aim to apply blockchain technology to enable anyone to hold tokens and protect their rights to identity and ownership. VeChain will always be a public network, with governance built through staking nodes and a two-token model.
Lu believes VeChain would be superior to Ethereum, because of its staking structure and governance, allowing for faster, more complex transactions. Thus, VeChain is yet another project which has found out that on-chain settlement is not viable for large-scale distributed apps. The VeChain node system is also a source of passive income, but may be met with criticism for creating a layer of centralization and the need to trust node holders. Master node holders, with more than 250,000 coins, would be known and transparent in person, if they want to contribute to the network.
This article appeared first on Cryptovest
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