Bug Bounty Platform, Hacken, Migrates Its ERC-20 Tokens and Operations to VeChainThor Blockchain

Vechain (VET) is one of the crypto underdogs that have been making waves in the crypto space. The crypto project has been around for quite some time and it has made a considerable level of progress. While Vechain doesn’t make it to the top twenty coins in the market by market cap, the crypto project has been doing well in terms of partnerships and development. Vechain (VET) is currently the 35th largest digital currency by market cap. Many analysts believe the digital currency has a very bright future as other firms and individual developers are increasingly using its blockchain.

Hacken Moves Its ERC20 Tokens and Blockchain-Related Operations to the Blockchain of VeChainThor – Cryptocurrency News Today – Cryptocurrency Market Update

Hacken is a blockchain firm that runs a bug bounty platform. The platform allows developers in the blockchain space to make sure that their projects are secure, trusted, and safe. According to a recent announcement, Hacken is moving its ERC-20 token and its blockchain-related operations to the blockchain of VeChainThor. The Hacken community is made up of about 2,000 white hat hackers and their major focus is on hack prevention and cybersecurity. A snippet of the announcement states:

“Over the past two years, the Hackenproof Bug Bounty Platform of the Hacken team, which with the help of the community resulted in world-class white hat hackers protecting more than 200 projects and firms including the United States Department of Defense, AirAsia, and TradingView. Hacken is also the only cybersecurity partner of the Data Accountability and Transparency Alliance (DATA). DATA is an alliance that was co-founded by CoinMarketCap, with members that comprise of 23 top digital currency trading platforms and Hacken as the only strategic entity.”

Hacken Chose VeChainThor Because of Its Superior Technology and Security

The team behind Hacken said that while a lot of projects and firms are building their own blockchain protocols, a lack of top developers could result in a huge number of hacker attacks on blockchain protocols that are not strong. According to the team, the blockchain of VeChainThor was chosen because of its superior technology, security, and growing ecosystem for real-world merchants.

The firm announced that all its blockchain-related operations, including storage, transactions, token minting, as well as the development of smart contracts, will all be carried out on the blockchain of VeChainThor. Vechain has secured a lot of strategic partnerships over the past years. Top firms and institutions across the globe are now using the blockchain of Vechain.

Deloitte, PWC, DNV GL, and Others Are Working with Vechain – Best Cryptocurrency to Invest in 2019 – Cryptocurrency Market Update

PricewaterhouseCoopers (PWC), DNV GL, Deloitte and a host of other top firms are actively working together with Vechain. They are all working towards the global and mass adoption of blockchain. These partnerships have helped Vechain to grow over the past year. The use cases of the blockchain have increased enormously. This has also contributed to the price of the digital currency over the years. With more developments and partnerships like this, Vechain (VET) might find its way to the top 15 coins before the end of this year.

VeChain (VET) Price Today – VET / USD

NamePrice
bitcoin
Bitcoin
$7,499.97-6.85%
vechain
VeChain
$0.0030-8.90%

At the time of writing, the price of Vechain (VET) is $0.004878 after a decrease of about four percent over the past twenty-four hours. The current market cap of the digital currency is $270.49 million. The trading volume of the digital currency over the past day is $41.46 million.

Princess Ogono is a writer, lawyer and fitness enthusiast. She believes cryptocurrencies are the future. When she's not writing, she spends time with her adorable cat, Ginger and works out often.

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