Dual nature of VeChain: Two sides of the VET blockchain

November 14, 2018

One of the most notable things about VET is a really active, welcoming and helpful community, that is enthusiastic and ardent even in the grim days of bear market. If we know that human resources and support are the most important factor for any project to suceed, the lively community is a good omen for VET future.

One of the VET holders explained his view of VeChain which pretty much strikes the dual essence of this project:

So, when it comes to VeChain I am insanely bullish on the long term outlook. These feelings primarily come from what I call “Side A” of the VeChain project. This is all of the things that sunny and the foundation are doing to advance the project by bringing enterprises on board. From DNV gl to PICC to PwC to BYD, it is amazing what VeChain has done so far and in my opinion there are only one or two other cryptos out there that can come close to the enterprise buy-in that VeChain has.

However, I am not so confident about “Side B”…none of the ICO’s have impressed me, and I have been especially disappointed by the silence from Cahrenheit given their roadmap had exciting items. In addition, the community development, while starting to flourish, still pales in comparison to some of the other developer communities in crypto.

The good thing for my investment is that I think “Side A” is much more important and a bigger deal in terms of vechain’s success, but I can’t help but think that “Side b” is comparatively lacking compared to “Side A”. Does anyone else feel this way? If not, could you give me some insight as to why I should feel more confident in the developer community and such?

The feeling the user has about the “Side B” is somewhat true but the pace is picking up on that front as well. VeChain already had couple of projects launched on their blockchain but is mostly in the infrastructure building phase right now. We already covered the stories about important new pieces of VeChain ecosystem like Arkane, Comet, OceaneX etc. They also saw their first dApp go online with DBET migrating from ETH to VET.

Comet is a native wallet for your web browser that enables direct communication with the VeChainThor blockchain, developed by Totient, an activist crypto hedge fund and blockchain venture studio. Comet provides developers with a powerful platform to create and distribute dApps, and a familiar environment for users to experience the many benefits of blockchain applications.

Arkane is a translation layer. It translates a difficult language (blockchain) into a language understood by most developers (REST API).” Arkane has a dual role: on one side it is user-focused: provides users with a multi-blockchain wallet which facilitates handling of your digital assets.

On the other side, developers can use the Arkane Network to build multi-chain dapps easily with Arkane’s SDK and API toolkit. Learn how to leverage our APIs to bring the power of blockchain into your applications here.

OceanEx is a proprietary cryptocurrency exchange and asset management platform launched by BitOcean Global that will serve as an exchange, trading platform and asset management platform within the VeChainThor Ecosystem.

All in all, VeChain remains one of the brightest spots of the murky market that is crypto for the last year.