VeChain launches its VeChainThor blockchain, upcoming events to look forward to

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June 30, 2018 by
VeChain launches its VeChainThor blockchain, upcoming events to look forward to

VeChain introduced on Twitter that its independent blockchain VeChainThor is real-time and also has created its first block. This is the first significant action of VeChain to move from Ethereum.

The foundation even published a main timeline educating the community regarding the essential dates. The primary net officially launched with authority Masternode implementation for the real-time web, followed by the generation of genesis block. Reportedly, the picture will certainly be tackled Ethereum with X-Node tracking stops briefly, on the exact same day.

Upcoming VeChain events

On July 9, X-Node Binding solution will appear. The token swap will certainly happen in mid-July. A number of exchanges have actually already provided assistance to the blockchain. The token swap would certainly come to an end with VETERINARIAN tokens prepared for trading on exchanges where available. The exact time for the online trading of VET tokens is not known. It is to be arranged with the exchange systems that support the VeChain trading and transactions. Till completion of July, VeChain Structure will certainly provide token swap service after exchanges complete the token swap.

See also: VeChain (VEN) and Safe Haven collaborate for Digital Legacies

According to the timeline, August 1 is marked as the day when X-Node status tracking will return to. Nonetheless, the group apparently really feels that returning to X-Node condition monitoring mainly relies on how successful the token swap turns out to be.
The Singapore-based blockchain provides a Blockchain-as-a-Service (BaaS) aiming to offer its solutions to a large range of enterprise-level business. They have a number of ambitious plans to bring supply chain logistics to the blockchain to validate product credibility and also to stop fake products. On the other hand, VeChain introduced recently that it will be dealing with international supply chain business DB Schenker.

See also: VeChain(VEN) and DB Schenker Collaborate to Leverage Blockchain for Logistics Industry

VeChain token movement has been sustained by a number of exchanges. Bithumb also signed up with the list by recently introducing that they’ll be supporting the blockchain. Bithumb’s statement came precisely a week after it was hacked where they shed cryptocurrency worth $30 million. Later on, it was reported that they recouped half of their funds.

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