In this video we will talk about VeThor Token, also known as VTHO, it is a cryptocurrency that is closely tied to another cryptocurrency called VeChain (VET). To understand what VTHO is and how it works, it's important to first understand what VeChain is.

VeChain is a blockchain platform that is designed to help businesses track their supply chains more efficiently and securely. It uses a combination of blockchain technology and Internet of Things (IoT) devices to create a tamper-proof record of the entire supply chain, from the sourcing of raw materials to the delivery of finished products to customers.

VeChain uses two different types of tokens to power its platform: VET and VTHO. VET is the primary cryptocurrency on the VeChain blockchain, and it is used to represent value and ownership in the network. VTHO, on the other hand, is a secondary token that is used to pay for the cost of transactions on the network.

In other words, whenever a business wants to use the VeChain blockchain to track their supply chain, they need to pay a small amount of VTHO in order to do so. This ensures that the VeChain network remains secure and efficient, while also allowing users to take advantage of the benefits of blockchain technology.

So how does VTHO actually work? According to the VTHO whitepaper, the token is generated through a process called "fee delegation." This means that when a user wants to perform a transaction on the VeChain blockchain, they can choose to pay for the transaction using either VET or VTHO.

If the user chooses to pay with VET, a small amount of VTHO is automatically generated as a byproduct of the transaction. This VTHO is then distributed to the node operators (i.e. the people who validate transactions on the VeChain blockchain) as a reward for their work.
#VTHO #VeThor #VeChain