VestChain

VestChain VEST

$0.0059
Market Cap $ 49.353 MM (#213)
24h Volume $ 28.856 K
Chg. 24h: -60.11%
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VestChain project purpose and description

VestChain clarity of purpose

VestChain purpose and aspects

The purpose of VESTCHAIN is to create a decentralized blockchain that will be able to process fast and free transactions. The cryptographic component of this project will allow creating smart contracts on its basis, and developers will be able to develop dApps in simple and independent way. The basic concept of the project is to turn the VESTCHAIN into a platform that will function as an operating system, allowing it to be very easy to use.

VestChain additional differentiation against competition

Another goal of VESTCHAIN is to process millions of transactions per second. This will solve a big problem with scalability in other blockchain networks, especially Bitcoin. Today, many devices and programs can recognize smart contracts, but none of them is able to perform such operations quickly. Currently, the most popular network with its smart contracts is Ethereum, but it can process only 15 transactions per second. VESTCHAIN will significantly surpass this value, and the number of operations in the peak time will reach about 1 million.

VestChain categories

PlatformSmart contracts

Short description

VestChain presents a decentralized accessible blockchain and cryptocurrency infrastructure; it is absolutely open source content management system. VestChain is promoting a smart contract platform, the main goal of which is to provide the most progressive properties no other platform is able to offer right now. The main feature of it is that it is the only one developed out of a scientific doctrine and a methodology putting research at the first place. A huge international team of highly-qualified engineers and scientists makes the core of the VestChain development process.

Abstract

VESTCHAIN is one of the newest projects, developed on its own blockchain, designed to implement and launch new cryptocurrencies onto the market. The main goal of the project is to create a network capable of processing millions of transactions per second. VESTCHAIN is a structural complex with a closed ecosystem. Decentralization and transparency of any transactions on the platform is accomplished by using application scaling. While using this process, the schemes of interaction between protocols are created, like the work of operating systems. The work of this blockchain allows developers, investors, traders and simple crypto enthusiasts to implement their own cryptocurrency projects and the boldest ideas. Anyone will be able to buy a new token to operate in a decentralized network, because the sale will be carried out in parts, as the token will be redeemed. The first stage of sales implies the release of 1 billion tokens, the second stage will be 700 million, during all subsequent stages will be issued 100 million of tokens annually. If the bulk of the tokens won’t be sold during the current calendar year, the new lot will not be released and won’t go on sale. This innovation will stimulate traders and founders of ICO projects to buy tokens. If the tokens won’t be redeemed on time, the value of the token will also grow, since its free quantity on the market will constantly decrease. The first two lots of tokens constitute 50% of the planned volume, thus the release of new coins will continue for the next three years. If the coins won’t be redeemed, the term of the final issue will be postponed for a year.

Link to Roadmap: https://vestchain.io/#roadmap-section
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