Vechain is a digital coin that belongs to cryptocurrency. Currently there may still be people who don’t know cryptocurrency. The definition of cryptocurrency in simplest term is digital currency. This currency is of course different from other currencies, because this currency can be used to make transactions using the internet or what is commonly referred to as virtual transactions.
To maintain the security system in it, cryptocurrency is protected by various passwords that are complex to crack. cryptocurrency uses a blockchain platform so that the digital currency in it can be used for transactions. Blockchain is a data-based ledger in which anyone can access even if they are not carrying out transactions.
Uses of Cryptocurrency
First, cryptocurrency can be used for investment. The principle of this cryptocurrency is the same as the principle of economics, where the price will increase when there is a lot of demand. The more people who invest, the price will also soar up. Despite the potential for making a lot of profit, cryptocurrency also carries a high level of risk.
Second, cryptocurrency can be used for payments. For now, many companies or organizations have implemented payment instruments using virtual currencies, from hotels, airlines, restaurants, to applications. At least, there are two companies that have used this transaction tool, namely Overstock and Newegg. However, most companies only accept bitcoins.
What is Vechain?
After you know cryptocurrency, let’s understand Vechain next. Vechain is a cryptocurrency coin that is currently popular. Vechain price development from time to time has attracted the attention of many people. Now there are more and more Vechain investors, making it even more popular.
Where to Get Vechain?
Now many people are curious about where to buy Vechain. One of the sites selling Vechain at the moment is Binance. Binance is very well known in the cryptocurrency world, so we can be sure that the Vechain purchase transaction here is very safe.
If you visit Binance, you will get a clear guide to getting Vechain. What you need to pay attention to when investing in Vechain is about the risks of investing. Just like cryptocurrencies in general, Vechain is able to provide large amounts of profit but the risks are also quite high.