VeChain has been a coin missing in action for a couple of months but a lot has been going on behind the scenes. The platform main focus has been the much anticipated VeChain MainNet Thor launch. With many Altcoins battling with recovery challenges in the market, the system is getting ready for increased transactions.
In readiness for the MainNet, VeChain (VEN) appears not to be leaving anything to chance. As an independent blockchain, security reigns supreme and that is why the team behind the project has outsourced for third parties to test their security.
“We at VeChain take security seriously and have placed the highest priority upon it. We believe true security requires the collaboration with outside forces, and to that extent, we have begun working with multiple security firms during our MainNet testing”
The alpha tests are meant to ensure there are no bugs and other threats that might bog down the new blockchain towards the run up to and after the launch. The role of the third party test is to audit and test the code as well as testing their mobile wallet to make sure it is secure.
VeChain (VEN) Investor Confidence
Giving the investor confidence to participate on the VeChain (VEN) is very important. A secure system creates trust and that is one reason why the platform is involving third parties to make certain the platform is safe. This is a lesson learned from other tokens that launched their MainNets recently.
VeChain has partnered with the best blockchain security provider firms in the world. SecureWare comes in to provide additional security assessment. The firm is known in the field of securing software in various industries including learning institutions, health and venture capital.
SlowMist will ensure that the ecosystem is secured. This firm offers bespoke security solutions in the cyber-security niche. They have offered solutions to various governments including China through the Ministry of Public Security and partnered with companies of xxrepute including Microsoft, Google, Tencent and recently, Alibaba.
Other system security providers that VeChain (VEN) is working with include Hosho who specialize in enterprise security and respected among the Fortune 500 Companies. HackenProof is also behind VeChain and this is a unique firm that rewards experts who detect vulnerabilities in systems they manage.
xfx DECENT.bet Strategic Partnership
VeChain comeback has attracted several partnerships that fit very well in the platforms future growth. With increased transaction capacity expected after the MainNet upgrade, the blockchain has partnered with DECENT.bet. This is a clear shift from and an addition to the system that focuses on supply chain management regulation.
VeChain appears to be diversifying its product portfolio; DECENT.bet is a gaming platform. This is a global outfit that will make VEN an easily spendable coin of the future. This partnership will give both entities global exposure whilst discerning the gaming community with near zero transaction fees in a privacy oriented environment.
Apart from the DECENT.bet partnership, MustangChain and BarterDEX are set to launch their blockchains on the VeChain ecosystem. With the current hype, VEN traction is set to shift north, a momentum that is to impact positively on the price of the token.
VeChain (VEN) Recent Price Shift
VeChain has been experiencing steady growth and the trend is set to continue after the MainNet launch. However, investors are being cautious on stocking up early and this could have slow price movement in the short term. The community is optimistic that the token now ranked 16 by market cap will climb to the top 10 by end of the year.
At the time of writing, VeChain (VEN) is trading at $4.07 with an impressive gain of 5.81% against the dollar in the last 24 hours according to CoinMarketCap charts. The same period has seen VEN 3.01% and 1.93% against the BTC and ETH respectively. This growth might be a short term effect of the events around the token and a breakout is forming and this is the right time to stock up VEN.