### What is VeThor?

VeThor (VTHO) is part of VeChain's dual-token economic model, serving as the energy or 'gas' token on the VeChainThor blockchain. It is used to pay for on-chain transactions, smart contract operations, and to facilitate processes and transactions within the VeChain ecosystem.

### How does VeThor work?

VeThor operates on the VeChainThor blockchain, which uses a dual-token system comprised of VeChain Token (VET) and VeThor Token (VTHO). VTHO is generated by holding VET tokens. It serves as a utility token to cover transaction fees and execute smart contracts. The blockchain employs a Proof of Authority (PoA) consensus mechanism featuring 101 Authority Masternodes that validate transactions and propose new blocks, ensuring an efficient and secure network.

### What are the potential use cases for VeThor?

VeThor has several use cases, particularly in enhancing supply chain management and enterprise solutions. It is used in industries like automotive, logistics, auditing, and data management to improve transparency, efficiency, and data integrity. Notable applications include partnerships with companies such as BMW, DHL, and PwC to integrate blockchain solutions within their operations.

### What is the history of VeThor?

VeThor's history is intertwined with VeChain, which was founded in 2015 by Sunny Lu and Jay Zhang. Originally operating on the Ethereum blockchain as VEN, VeChain transitioned to its own VeChainThor blockchain in 2018, adopting a dual-token model with VET and VTHO. This transition included the introduction of the PoA consensus mechanism and a focus on enterprise adoption with significant partnerships and industry applications.

VeThor (VTHO)

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