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/biz/ - Business & Finance

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8145302 No.8145302 [Reply] [Original]

Lads,
I'm a stinkie through and through but my brother tells me he is mainly in VEN and FCT (Factom)

CTRL F No ' ven '
What gives brothers? Is this a reddit coin, a shit coin?

>> No.8145526

>>8145302
It's a chink shitcoin fuck off

>> No.8145563

>>8145302

Hahaha, cheers anon, but chinks are good in the maths no?

>> No.8145596

>>8145302

I think hes also got some ripple (I dont like ripple one bit)

>> No.8145632

>>8145302
The essential difference between Walton and VeChain is the layer at which the blockchain is implemented. Walton has patents on the txID-reading RFID chips with memory, which allows the blockchain to be implemented in the foundational level through the RFIDs. They are world leaders in chip technology, and make their own chips. VeChain does not make their own chips. They outsource the hardware, and have the hardware made compatible with their blockchain via API. So their blockchain is implemented several layers up in the application layer, through business-centralized control. So, VeChain is inherently less decentralized and less secure.

This is the essential difference, and it's not a deal-breaker for VeChain, but it is a fact, and it does matter. Walton is somewhat ironically better at authentication than VeChain for this reason, despite VeChain's original main use-case as an anti-counterfeiting product (they've since expanded their use-case into cold logistics and other areas).

But there are other advantages to making your own chips. VeChain is using someone else's hardware and then repurposing it for their blockchain. Walton has built the chip from the ground up to be compatible with the blockchain and improved the standard chip to be much more advanced, with encryption, fine minute movement detection, anti-collision logic to prevent skipping, low voltage technology so the chips can last more than 20 years, and other advancements over standard chips. Making their own chips also makes them cheaper. Standard RFIDs are 15 to 20 cents. Walton's are less than 5.

This is all true, and it makes Vechain very afraid.

>> No.8145643

your friend is stupid

>> No.8145755

>>8145632
>This is all true, and it makes Vechain very afraid.

Thnx anon nice copypasta fud or a fukn decent summary. cheers either way.

K, VeChain seems worthless. Just been to their website for the whitepaper(s). Gave up after five minutes. It was like MTV Tienanmen style.

WTC sounds a much better proposition, but is that also a shitcoin? Everyone says it is.

>> No.8145908

k,
so in summary WTC and VEN are hardware vendors nobody will ever trust + blockchain (private blockchain?)

Wow, what a load of hot shit.

t. infoseccer.

>> No.8145940

i'm so happy /biz/ hates ven. /biz/ liking a coin = 100% chance it will go nowhere.

>> No.8145952
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8145952

>>8145643
>your friend is stupid
its worse than that its my brother.

>> No.8146056

>>8145940
lmfao so true

>> No.8146119

>>8145952
Then you might be stupid too. You share the same genes.