Officially rebranded as VeChainThor, VeChain is making every efforts to tightly secure the blockchain by coming into partnership with a number of blockchain security firms. With its MainNet launch coming up at the end of June, we might see VEN shaking its bears off and experience the green soon.
VeChain collaborates with SecureWare, Hosho, SlowMist, and HackenProof
With its rebranding to VeChainThor, VeChain Foundation is leaving no stone unturned to ensure that it is well secured.
The latest development in this space is the partnerships the cryptocurrency is undergoing. Until its MainNet release, VeChainThor Platform has been going through a series of alpha testing, mobile wallet security testing, code testing, code audits, and third-party blockchain security testing.
VeChain has actually “begun working with multiple security firms during (our) mainnet testing.” Secureware, Hosho, SlowMist, and HackenProof that are leading security experts in the blockchain industry “are actively monitoring the security of the VeChainThor Blockchain.”
VeChain is taking the testing of its code extremely seriously and have even “utilized the HackenProof to invite over 100 developers to the private bug bounty program.”
The official blog post further clarifies:
“With trillions of expected transactions, the VeChainThor Blockchain will continuously collaborate with these security firms for peak performance. As companies continue to onboard post mainnet launch, in due time the VeChainThor Blockchain will be the most heavily used blockchain globally.”
VeChain price momentum
According to the VeChain, “VeChainThor Blockchain will be known as the next evolution of Blockchain as 3.0.”, and be further recognized as Blockchain X.
This certainly has the VeChain community excited and eager to see an upward momentum in VeChain price. Scheduled for June end release, the MainNet launch has a lot of eyes upon it.
At the time of writing, VeChain price is holding the $3.38 value. VEN is presently struggling to shake its bears off.
However, with ongoing partnerships and upcoming MainNet launch, we might see VeChain price gain its ground and rise in tandem with the cryptocurrency market.
Do you think these developments will see VeChain going green? Share your thoughts with us!
Disclaimer The views, opinions, positions or strategies expressed by the authors and those providing comments are theirs alone, and do not necessarily reflect the views, opinions, positions or strategies of CoinGape. Do your market research before investing in cryptocurrencies. The author or publication does not hold any responsibility for your personal financial loss.
I am an associate content producer for the news section of Coingape. I have previously worked as a freelancer for numerous sites and have covered a dynamic range of topics from sports, finance to economics and politics.