VeChain (VEN) is one of the leading blockchain networks globally designed for information and products. It is actually one of the most promising ICO platforms for decentralized transaction in information and products. One of the greatest achievements is taking the scalability level a notch higher to 10,000 tx/s.
Due to the promising future of this crypto coin, there are a number of influential companies which have established partnerships with VeChain. These companies include: PwC, MICROSOFT, DNV GL, HYPERLEDGER, RENAULT, China Unicom, Jiangsu Printed Electronics Co. Ltd and Hubei Sanxin Cultural Media Ltd among several others. With such a huge support, this is the coin to watch in 2018.
However, you should note that VeChain (VEN) is an ERC20 token; meaning it is based on the Ethereum smart contracts mechanism. Therefore, there is a set of rules that VeChain coin has to implement; the common list of rules defined by ERC20. And again, VEN can easily function within the Ethereum network.
For you to invest in VeChain you first get a place where you can buy VeChain and then you definitely have to get a trusted wallet where you can store your VeChain coins.
Exchanges where you can buy VeChain include: Binance, Liqui, QRYPTOS, Huobi.pro, HitBTC, VNBIG, Kucoin, BigOne, Lbank and COSS.
For wallets where you can store your VeChain, below are the Best Vechain wallets:
- Ethereum Mist DApp
- Ledger Wallet
- Ledger Wallet
These are mainly open source Ethereum wallets with room to also accommodate Dapps. MyEtherWallet is the most commonly used wallet since it offers great features, especially for the ERD20 tokens which VeChain is among them. The ledger wallet offers hardware wallets for a number of cryptocurrencies among them the Vechain coin, VEN.
Some of these wallets like the Trezor offer an offline private key storage location while others like MyEtherWallet and Ledger Wallet have a mobile private key location.
Moreover, all these wallets except for Parity wallet, offer cold storage. This means that the coins are normally stored in an offline location which is very important for security, especially for investors dealing with large amounts of VeChain (VEN).
However, there have been a question that has been lingering in people’s minds since VeChain announced that they are keen on working on re-branding the ecosystem so that instead of the single VEN token, there shall be two tokens namely: VeChain Toke (VET) and the Thor Power (THOR). And the question is whether these tokens still be storable in the wallets where VEN could be stored?