VeChain officially launches its VeChainThor Blockchain
The Singaporean organization VeChain announced on its Twitter to have launched its Blockchain named VeChainThor and to have mined a first block. This is the first stage of his departure from Ethereum to his own network.
Like EOS or TRON, VeChain will leave the Ethereum Blockchain for its own MainNet and the VEN tokens will no longer be in ERC-20 format. As the organization reports on its Twitter tonight, a first block has been mined and the VeChainThor Blockchain is now officially launched.
At exactly 08:00:09 the first block was successfully mined. The VeChainThor Blockchain has officially launched. pic.twitter.com/aYZs19GoAO
— VeChain Foundation (@vechainofficial) June 30, 2018
A few days earlier, VeChain published the roadmap for its transition to VeChainThor. We can see that the next step will take place on July 9 with the release of the VeChainThor mobile portfolio.
The VeChainThor Blockchain is days away from being unleashed. Please review the following timeline and be prepared to witness Blockchain X! pic.twitter.com/kxlQkcc6PI
— VeChain Foundation (@vechainofficial) June 21, 2018
VeChain develops Blockchain applications for companies, the organization is specialized in the fight against counterfeiting and works with several partners such as the LVMH group. VeChain is also exploring other fields such as the automotive sector with the German manufacturer BMW.