Hassan Maishera
On Tuesday, the VeChain team announced via X that its $VET and $VTHO token whitepapers are now listed in the ESMA interim MiCAR register. This latest development sees VET and VTHO tokens compliant with European regulations under the unified MiCAR framework, allowing operations to continue and expand across EU member states.
VeChain Thor (VET) is a blockchain with the posited goal of solving real-world economic problems. VeChain leverages the Proof of Authority (PoA) consensus mechanism. PoA is a Byzantine Fault Tolerant probabilistic consensus mechanism based on HotStuff, which relies on Authority Masternodes (AM) associated with verified identities. VET is up 12% today and is currently trading at $0.02612.
