Laptopmag, a popular website that reviews and benchmarks the latest laptops and tablets, has recently described VET, the native token of the leading enterprise blockchain platform VeChain, as the best business-centric cryptocurrency to buy in 2021.
Moments ago, Laptopmag published an article titled “Best cryptocurrencies 2021 by utility.” In the article, only six crypto projects were shortlisted, which include Ethereum (ETH), Monero (XMR), VeChain (VET), Polkadot (DOT), Cardano (ADA), and AAVE (LEND).
The unique reasons the shortlisted crypto projects were ranked over others were clearly stated in the article. In this regard, Laptopmag described VeChain (VET) as the best business-oriented blockchain.
All the big partnerships sealed by VeChain were also referenced as one of the major reasons why the blockchain project outrank others. So, it’s recommended for investors and potential crypto investors as one of the best cryptocurrencies to buy in 2021.
According to Laptopmag, VeChain is an enterprise-centric blockchain that targets several industries, including healthcare, logistics, automobile, and luxury fashion.
Laptopmag describes VeChain (VET) further as follows:
“VeChain was originally launched as a way to thwart knock-offs. How did it work? Well, according to Decrypt, each product is given a unique identifier with sensors that track its progress throughout each supply-chain stage.
“With this technology, companies can ensure its products are handled correctly and customers can verify their purchases are legitimate. Because VeChain uses blockchain technology, the data can’t be changed, which is a huge plus for businesses. If anything goes wrong on the supply chain (e.g. goods are shipped to the wrong place), the blockchain record will unveil where things went haywire.”
“VET is a cryptocurrency that lives on the VeChain network. The more VET an enterprise holds, the more priority it gets while using VeChain’s resources. VeChain also uses a token called VTHO, which pays for the power and energy needed to conduct transactions (like Ethereum’s gas fees). The downside of this two-token system is that it can confuse investors.”
In conclusion, the popular website referenced the significance of the partnerships sealed by VeChain with established companies, such as BMW and Sam’s Club, as a factor that makes the leading enterprise blockchain platform stand out among others.