VeChainThor Blockchain Mines its First Block, CEO Sunny Lu Shows Ethereum Gratitude

VeChainThor has been finally launched and mined its first block as well. With a timeline already set, its founder and CEO Sunny Lu showed gratitude to Ethereum and its founder Vitalik in a farewell.

VeChainThor Blockchain is now live

VeChain Foundation has finally released the VeChainThor blockchain. The $1.47 billion market cap cryptocurrency has moved onto its next phase.

VeChainThor is a Blockchain-as-a-Service company that entered the crypto market about two years back with an aim to build a “ trust-free and distributed business ecosystem to enable transparent information flow, efficient collaboration, and high-speed value transferring.”

Now, the company has officially launched its Blockchain X by successfully mining the first block.

At exactly 08:00:09 the first block was successfully mined. The VeChainThor Blockchain has officially launched. pic.twitter.com/aYZs19GoAO

— VeChain Foundation (@vechainofficial) June 30, 2018

The VeChain community showed full support and their excitement with this development as several enthusiasts commented with:

“Congrats to vechain and your investors..best project out there..strong team and bright futures.”

“Congratulations on your dedication and constant hard work, VeChain team!”

“Congrats everyone. The day has finally arrived. The future of mainstream adoption is here.”

“History in the making!”

“Congratulations for all the years of hard work and dedication finally coming to fruition. This is your day, enjoy it.”

On the D-Day, the founder and CEO Sunny Lu, took to Twitter to thank Ethereum and its founder Vitalik Buterin to bid adieu to this blockchain.

Salute & Respect, Ethereum where we start from but are marching to the new world! Thank you @VitalikButerin and entire ETH team and community #VeChainThor #GenesisBlock pic.twitter.com/6cB7pXVKCU

— Sunny “No-Any-Promotion-Link” LU (@sunshinelu24) June 30, 2018

With this migration to its own blockchain, VeChainThor is now on its way to token swap that is expected to take place in mid-July as shared in the mainnet launch timeline.

VeChainThor is already working with a number of companies in various industries. From logistics, agriculture to luxury goods, governments, and food, it has joined hands with big brands as well.

At the time of writing, the world’s 17th biggest cryptocurrency has been up by 6.39 percent while sitting at $2.64.

What are your views on the official launch of VeChainThor blockchain? Share your thoughts with us!