VestChain (VEST)
Rank #1378
Market snapshot
- Price
- N/A
- Market cap
- N/A
- 24h volume
- N/A
- Circulating supply
- N/A
- Total supply
- N/A
- Max supply
- N/A
What is VestChain?
VestChain (VEST) is a cryptocurrency designed to operate on the Ethereum platform. It provides blockchain solutions for businesses, emphasizing the development of both private and public blockchain systems. The platform supports smart contracts and aims to facilitate the adoption of decentralized technologies in various business sectors.
How VestChain works
VestChain utilizes a decentralized network capable of processing up to 1 million transactions per second. It employs a unique architecture consisting of flexible segment blockchains, known as shards, which validate transactions through a core blockchain. This structure allows for efficient transaction processing and supports the development of decentralized applications (dApps). Users can engage in block generation and verification to maintain the network's integrity.
Key information
- Symbol
- VEST
- CMC rank
- #1378
- Network / platforms
Ethereum
- Categories
- N/A
- Date added
- Nov 15, 2018
Contract address
Contract addresses are stored from CoinMarketCap metadata and are shown as recorded. CoinLoom does not independently certify them as official.
Ethereum
0x37f04d2c3ae075fad5483bb918491f656b12bdb6
Key characteristics
VestChain is an open-source platform that supports smart contracts and machine learning services. It is designed to be business-oriented, ensuring the necessary security and scalability for enterprise applications. The platform's architecture allows for the creation of a unified smart wallet that can manage multiple cryptocurrencies across different shards.
Documented uses
One and the same smart wallet may be used for all the cryptocurrencies from various shards.
Official resources
Risks
Digital asset prices can be volatile and can change materially. Users should verify the contract address and network before transferring assets. Self-custody requires secure private-key and recovery-phrase handling. Centralized platforms can involve operational, custody, and counterparty risk. Availability and regulatory treatment can vary by jurisdiction.
Transfer and custody notes
Verify the asset name, network, and any supplied contract details before transferring. Verify destination address and network before sending assets. Review the custody method, including self-custody versus a third-party platform. Understand that transfers may be irreversible and that CoinLoom does not confirm exchange availability.
FAQ
- What is VestChain?
- VestChain (VEST) is a cryptocurrency that operates on the Ethereum platform, providing blockchain solutions tailored for businesses.
- How does VestChain operate?
- VestChain operates on a decentralized network capable of processing up to 1 million transactions per second, utilizing a unique architecture of shard blockchains.
- What are the technical features of VestChain?
- VestChain is an open-source platform that supports smart contracts and machine learning services, designed for business scalability and security.
- What are the risks associated with transferring VestChain?
- Digital asset prices can be volatile, and users should verify contract addresses, custody methods, and understand transfer irreversibility.
- How can I verify the acquisition of VestChain?
- Verify the asset name, network, and contract details before transferring, and review the custody method for secure handling.
- Where can I find official resources for VestChain?
- Official resources for VestChain can be found on their website and GitHub repository.
Related cryptocurrencies
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