What kind of blockchain is vc coin?

VC Coin is a supply chain management platform based on a two-layer blockchain, using an authoritative proof consensus mechanism. Its public blockchain is used to verify transactions and its private blockchain is used to store sensitive data. VC coin is a governance token that supports smart contracts and has high throughput and scalability. It is widely used in supply chain management, including product tracking, quality control, anti-counterfeiting and healthcare tracking.

The blockchain type of VC coin

VC coin (Vechain) is a blockchain-based platform designed for supply chain management and collaboration. Its blockchain is a public blockchain with some unique features:

Combination of private and public blockchains

Vechain’s blockchain adopts a two-layer structure. The first layer is a private blockchain, which is maintained by permissioned nodes and is mainly used for the storage and management of sensitive data. The second layer is a public blockchain, open to the public, used to verify and store immutable records of transactions.

Consensus Mechanism

Vechain uses a consensus mechanism called Proof of Authority (PoA). Under this mechanism, a group of trusted validators are responsible for validating transactions and reaching consensus. PoA provides faster transaction confirmation and higher throughput compared to mechanisms such as Proof of Work (PoW) or Proof of Stake (PoS).

Governance Token

VC Coin acts as the governance token of the Vechain blockchain. Token holders can participate in governance decisions, such as voting on network upgrades and proposal changes.

Smart Contracts

The Vechain blockchain supports smart contracts, allowing developers to create and deploy executable code to automate supply chain transactions and workflows. Smart contracts increase efficiency and transparency and eliminate human error.

Throughput and Scalability

Vechain blockchain is specifically designed to have high throughput and scalability. It can handle large volumes of transactions and has the ability to increase capacity based on demand.

Use Cases

Vechain Blockchain is widely used in supply chain management including:

• Product Tracking and Authentication
• Quality Control and Food Safety
• Anti-Counterfeiting and Counterfeit Detection
• Healthcare and Pharmaceutical Tracking
• Carbon Emission Management

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