Vee Review

VEE is an open-source blockchain platform that lets developers build applications via the use of a public API. It comes with a general database feature that lets the developer simplify data module design and maintain focus on business logic. On this secured platform, there is support for both in-chain and cross-chain transactions for the application ecosystem.

A Bit of a Background on Vee

The internet is less than three decades old, but it has already had a major impact on society. If you walk in any major city anywhere around the world, you will find people walking around always checking their phones for something. Everybody from the young to the old now relies on the internet for something.

Since then, many other breakthroughs have been made, which make the internet seem like ancient history. One technology that did not make it to the world stage with much pomp and color was the blockchain.

In fact, when Satoshi Nakamoto launched the blockchain in 2008, the event went almost unnoticed. At the time, it was subject to much criticism and ridicule. However, nobody is laughing at him now. It just goes to show that the person who launched this blockchain was far ahead if his time.

Today, the blockchain is viewed as one of the most innovative technologies in modern history. Despite this, its real impact has yet to be fully utilized. The developers of VEE have seen the possible impact that blockchain could have and the new era it could usher in. They have termed this the Virtual Economy Era. The name of the digital currency that will be used on the VEE platform has been named Vee.

There have been various attempts to use the blockchain for data storage. However, some have not been so successful. The problem is that many attempted to use the bitcoin blockchain to do that. However, the developers of VEE still have a lot of hope in the use of the blockchain as a database.

Some of the Solutions VEE Will Provide

One of the solutions that VEE will utilize is smart contracts. These have been around since 1996, but it is only recently that the ethereum blockchain brought them to prominence. However, the current smart contracts still have their own limitations. The Vee project will work to try to resolve some of these issues.

Scalability Issues

A great deal of effort has been spent on trying to resolve issues of scalability of the blockchain. While some minor breakthroughs have been made, there is still a need to scale up the blockchain further. The developers of VEE believe that scalability does not lie in one blockchain but in a limitless number of blockchains. They envision a world where billions of blockchains will be running at the same time.

Usability Issues

Usability is one of the burning issues around the crypto coins. To resolve the issue, the developers will create a browser-based wallet and a mobile wallet for smartphones. The cold wallet should be easy to use by anyone, allowing the users to keep their virtual assets safe.

Get Free Email Updates!

*Action Required* Enter Your Email for Trending Crypto News & Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

[Author Alert] The author’s opinions above are solely based on their own self-conducted research. Assume any and all authors are using, holding, trading and/or buying cryptoassets mentioned as a portion of his or her financial portfolio. Use information at your own risk, do you own research, never invest more than you are willing to lose.

[Domain Disclosure] The crypto-community content sourced, created and published on BitcoinExchangeGuide should never be used or taken as financial investment advice. Under no circumstances does any article represent our recommendation or reflect our direct outlook. We b-e-g of you to do more independent due diligence, take full responsibility for your own decisions and understand trading cryptocurrencies is a very high-risk activity with extremely volatile market changes which can result in significant losses. Editorial Policy \\ Investment Disclaimer


Coin Market Cap Price Change 24 Hour Volume
BTC $142.74B $8,054.3469 0.39% $4.77B
ETH $26.73B $251.6382 0.21% $2.04B
XRP $16.29B $0.3867 -0.24% $376.71M
BCH $7.2B $404.7092 -1.26% $239.31M
LTC $6.39B $103.1634 1.97% $901.14M
EOS $5.85B $6.4060 -0.70% $532.84M
BNB $4.82B $34.1651 0.19% $362.72M
USDT $3.07B $1.0038 0.02% $4.41B
XLM $2.41B $0.1251 -1.42% $39.44M
ADA $2.09B $0.0805 -0.80% $41.48M

Get 3 Free Bitcoin eBooks for Limited Time Only

Receive three exclusive user guides detailing a) What is Bitcoin b) How Cryptocurrency Works and c) Top Crypto Exchanges today plus a bonus report on Blockchain distributed ledger technology plus top news insights.

LEAVE A REPLY

Please enter your comment!
Please enter your name here