Layer 1 / NETWORK PROFILE
VeChainThor
VET CMC #89 in the snapshot
An enterprise-oriented smart-contract network with separate VET staking and VTHO fee tokens, transaction sponsorship, and support for bundling multiple actions.
01 / THE PURPOSE
What is VeChainThor for?
VeChainThor supports applications that connect business processes and real-world records with a shared ledger. Its transaction features let an application sponsor user fees and group related actions rather than requiring every end user to manage gas directly.
02 / THE ARCHITECTURE
Three questions about the machinery.
How does it agree?
Consensus & securityThe Hayabusa upgrade moved the network from its earlier Proof of Authority design to delegated proof of stake. Validators produce blocks, while VET holders can participate through staking and delegation.
Where do instructions run?
Execution modelThe network runs EVM-compatible contracts with VeChain-specific transaction features, including multiple clauses and fee delegation. Compatibility should be checked against the deployed version and the particular Ethereum tooling an application uses.
What is the token for?
VET in the systemVET is the principal staking asset. Active staking supports VTHO generation, and VTHO pays transaction fees. Current rules therefore differ from older descriptions in which merely holding VET generated gas tokens.
03 / THE DESIGN CHOICES
What comes with the design?
Each architecture makes choices about security, performance, coordination, and who can participate.
A two-token system requires understanding both staking rewards and the independent cost of the gas token.
On-chain product records cannot guarantee that a sensor reading or supplier declaration was truthful when submitted.
Validator selection, delegation concentration, and upgrade governance still shape the public network’s trust and operating assumptions.
04 / IN PRACTICE
Follow one use.
A product-tracking application submits several record updates in one transaction and sponsors the VTHO fee. Workers can use the app without holding gas tokens, while the company remains responsible for reliable source data.
05 / CHECK THE EXPLANATION
Sources & snapshot.
Network descriptions use the references below. The CoinMarketCap snapshot determines which assets are in scope and their captured rank; it does not assess the quality of a network.
- StarGate and the Hayabusa upgrade VeChain StarGate Docs
- VeThor token and current fee model VeChain Docs
- VeChain modifications to the EVM model VeChain Docs
- VeChain 2026 manifesto · Delivered protocol changes VeChain
- CoinMarketCap top 100 snapshot Captured 14 Nov 2026 · See the complete scope audit
- VeChain (VET) on CoinMarketCap Captured asset rank #89
Profile checked 14 Nov 2026. Network designs and ranked positions can change.