VeChain Tackling Limitations
VeChain addresses the limitations of Ethereum that make it unsuitable for large-scale commercial decentralized applications (DApps). For example, Ethereum lacks a robust governance framework for swift and transparent protocol adjustments to address emerging issues or breakthroughs.
Moreover, Ethereum’s economic model is not suitable for businesses, especially given the volatility of Ether (ETH) prices, making it challenging to manage costs effectively.
VeChainThor offers unique features to solve these challenges, such as Meta-transaction features that allow users to control when a transaction is executed or abandoned, even during high-capacity blockchain operations. VeChainThor also has an on-chain governance mechanism that facilitates transparent decision-making and quick protocol changes based on community consensus.
The two-token model, consisting of VET (VeChain Token) and VTHO (VeThor Token), helps shield transaction fees from the direct impact of volatility, contributing to a more stable and sustainable economic ecosystem.
1$ETH 1$BTC 1$VET
