Safe Haven Integrates ThorPay Alpha On The VeChainThor Blockchain, Bitrue Lists VeChain (VET)
Safe Haven Integrates ThorPay Alpha On The VeChainThor Blockchain As Bitrue Exchange Lists VeChain (VET)
Safe Haven has announced the successful integration of ThorPay Alpha on the VeChain Thor blockchain, saying that it’s part of their roadmap promise.
In a tweet on its official Twitter handle, Safe Haven announced this on 23rd January, explaining further what the integration meant for them in a Medium post. The tweet read:
ThorPay Alpha Approaching Beta Phase
According to Safe Haven, after the successful integration of ThorPay Alpha into the VeChainThor blockchain, a Beta phase will follow, whereby the product will be tested.
ThorPay is based on the Atomic transactions Protocol (ATP), a product designed to make contract-based distribution easy. As per Safe Haven, this product is an irreducible and indivisible series of operations, which means that they either succeed together or fail together.
Explaining how it works, Safe Haven gave an example, saying that:
“If one sends money to their bank account and then sends money from one’s bank account to pay a bill, it would be negative if the transfer to your bank account fails, but the transfer to your bill succeeded. We see this technology being applied across a multitude of industries.”
Benefits Of The VeChainThor Blockchain
According to Safe Haven, VeChainThor Blockchain is aimed at improving development with its unique features. The technology comes with several clauses built together for one transaction, which according to the company, is only available in the new blockchain platform.
ATP also allows transactions to have a number of outputs, making the clause system more flexible and powerful. This sets the VeChainThor Blockchain apart from other similar projects in the market.
Bitrue Exchange Adds VeChain To Its Platform
Meanwhile, Bitrue Exchange, a cryptocurrency exchange, recently added VeChain support, with four trading pairs: VET/ETH, VET/XRP, VET/BTC, and VET/USDT.
With the news of a new VeChainThor Blockchain and support of VeChain by Bitrue Exchange, there’s no doubt that the adoption of the platform and VET token will spike in the coming months, seeing the 25 the coin by market capitalization possibly gain more ground to compete with other top cryptocurrencies.