Frequently Asked Questions
Here are some common questions about VEE.
We are an open source block chain platform that allows developers to build application through public APIs. The general database feature allows developer to simplify data module design and focus on business logic. The secured network supports both in-chain and cross-chain transactions for the ecosystem of applications.
Proof of stake is an algorithm that the block chain network aims towards to achieve distributed consensus. It has the same purpose as proof-of-work but utilizes a different process to reach the goal. It is increasing in popularity and being adopted by many cryptocurrencies. Rather than requiring the prover to show computational work, proof-of-stake requires the prover to show ownership of a certain amount of money. The creator of the new block is chosen in a deterministic way, depending on its wealth, also defined as stake. Peercoin, the first coin that is 100% proof-of-stake and has been running over 5 years successfully.
The most innovative infrastructure for decentralized applications and the first general purpose database.
It is generated by the VEE platform to be used as cryptocurrency to support the transactions and applications running within this platform.
We provide general purpose database features to represent data and information in descriptive and integrative manner, so that application developers can focus on business logic.
VEE provides free public API for application developers. There will be hosting cost, but with the platform itself taking care of distributed database maintenance and upgrade, the application development and management cost will be greatly reduced.
Yes, Vee will offer a wide range of tools for app developers to initiate transactions and store data on block chains, so that they can build mobile apps quickly and reliability.