VeChain’s Genesis block has been mined

  • June 30, 2018
  • 2:59 am ET

The genesis block of the VeChain blockchain has been mined as of 0:00 UTC Saturday, June 30th. This project, founded by former CIO of Louis Vuitton China, Sunny Lu, aims to build a trust-free and distributed business ecosystem. VeChain uses a twin token system consisting of VET and VeThor, much like the Neo blockchain uses…

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The genesis block of the VeChain blockchain has been mined as of 0:00 UTC Saturday, June 30th. This project, founded by former CIO of Louis Vuitton China, Sunny Lu, aims to build a trust-free and distributed business ecosystem. VeChain uses a twin token system consisting of VET and VeThor, much like the Neo blockchain uses the Gas token, but today’s launch doesn’t mark the end of VeChain’s development. VeChain must first move its tokens from the Ethereum blockchain to its own mainnet before the tech can really be considered live.


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