Compare XRP vs VeChain (VET)

XRP is a cross-border payment protocol on its native blockchain network. XRP is owned by the Ripple Company. XRP is one of the oldest cryptocurrencies with an over 30 billion $ market cap. XRP shines out with its fast and cheap transactions.

VET coin is the native coin of VeChain Network which focuses on blockchain supply chain solutions. When it was first created, VET coins were VEN tokens on the Ethereum blockchain. The company rebranded itself in 2018 and changed its tokens to VeChainThor VET coins on its own blockchain ecosystem. VeChain blockchain network uses the Proof of Authority consensus mechanism. Users can stake VET coins and gain VTHO tokens that are governance tokens for the VeChain network. Governance participators have different voting power depending on their VTHO holdings and KYC compliances.