Compare VeChain (VET) vs Zcash (ZEC)

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.

Zcash is a cryptocurrency and stands out with its privacy future. ZEC is the symbol for Zcash. Zcash was founded in 2016 in an effort to create a cryptocurrency that allows complete anonymity for users. Zcash was first created as a fork on the Bitcoin blockchain. Zcash uses the zero knowledge proof method to provide privacy. Users can hide all or some information of a transaction. Parties don't have to reveal information to complete a transaction.