Tron (TRX) vs. VeChain (VET) | Which Coin Is a Better Investment?

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Today we will speak about two cryptocurrencies that caught the public eye in 2017 amidst the ICO bubble. These assets are Tron and VeChain. Both of them feel fine after years of development and leveling up. These coins fuel the respective networks, Tron and VeChain blockchains. In this article, we will review the main features of these assets, compare them by several factors, and try to give you a good idea about the investment potential of these coins.

  1. What Is Tron?
  2. What Is VeChain?
  3. Tron vs. VeChain (table)
  4. Tron vs. VeChain (details)

What Is Tron?

Tron (or Tronix) is the native cryptocurrency of the TRON blockchain. The latter is used to host a decentralized platform to distribute exclusive entertainment content. The project was launched in 2017 by Chinese entrepreneur Justin Sun. 

The project has ambitions to change the entertainment industry, giving content creators more control over the works they share and giving them better monetization opportunities. 

The Tron coin is based on the branded Tron blockchain. As of July 2022, the coin is doing great, being among the top 20 cryptocurrencies by market cap. For the most part, the Tron price was around two-three cents. The 2021 crypto rally helped Tron reach a new average price of close to 6 cents. As of July 2022, the price slightly exceeds 6 cents. The market cap of the coin is around $6.2 billion. 

The way to the top wasn't that smooth, as the project has been under attack by critics all the time. For instance, the Tron whitepaper was exposed as plagiarism. Vitalik Buterin is one of the vocal critics of Tron. The lack of the product ready for use is one of the main reasons for negativity. However, Tron continues to grow and develop. Let's see what happens to the platform in the future. 

What Is VeChain?

VeChain is a native token of the blockchain of the same name. The project was conceived in 2015. ICO took place in 2017. Until 2018, the project had a different name. The primary purpose of the VeChain blockchain is information storage and management. The blockchain uses a rare consensus mechanism called Proof-of-Authority. 

VeChain tokens are used for the validation of transactions on the VeChain blockchain. Another possible use of VeChain tokens is staking. Staking VeChain tokens brings rewards in THOR Power tokens (THOR is used to pay transaction expenses on the VeChain blockchain).

VeChain struggled to reach a 1 cent per coin price for a couple of years after the release. The 2021 crypto rally propelled the price to the nearly $0.3 mark. In 2021, the price considerably went down, dropping below 10 cents. As of July 2022, VeChain is over $0.02 per coin. The market cap is around $1.7 billion. 

Tron vs. VeChain (table)

Factor Tron VeChain
The price as of July 2022 $0.067 $0.023
Market cap as of July 2022 $6.2 billion $1.7 billion
Rank as of July 2022 #13 #35
All-time high $0.23 (January 5, 2018) $0.28 (April 19, 2021)
Decline (compared to all-time high) 71% 91.6%
All-time low $0.0018 (November 12, 2017) $0.0019 (March 13, 2020)
Growth (compared to an all-time low) 3,629.2% 1,128.6%
Popular markets Binance, FMFW.io, HitBTC, Azbit, Hoo.com Binance, FMFW.io, HitBTC, Upbit, Bitrue
Platform Tron VeChain
Consensus mechanism Proof-of-Stake Proof-of-Authority
Products APENFT Network, Dapp, SUN Network, TronSR Application Hub, VeVote, Developer Info Center, VeResearch
Use cases Entertainment content distribution Data management

Tron vs. VeChain (details)

The price and the market cap 

Tron has a more substantial presence in the media. The coin is better known than VeChain. Tron costs more than VeChain and has a clearly more significant market cap. Despite the fact that VeChain might be a less controversial project, Tron has been growing faster. Let's see what the future holds for the investors of both coins, though. 

Popular markets

Both coins are well-presented on the most prominent crypto trading platforms. However, VeChain and Tron are unavailable on Coinbase, which is a severe drawback. US residents can buy Tron on a popular American exchange like Kraken. VeChain is not available on Kraken. In general, buying/selling Tron is more accessible than buying VeChain.

Platform

Both Tron and VeChain use their custom blockchains. It makes these platforms fully independent and original. Although one can say that interoperability is hindered, this is not such a big deal as soon as several notable platforms are solving this problem.

Consensus mechanism

VeChain utilizes a rare consensus mechanism known as Proof-of-Authority. It has similarities to Proof-of-Stake (used by Tron and many other platforms). Unlike PoS, the PoA-based networks require the participation of the identified validators. Their decisions impact their credit in the eyes of the community, so it stimulates them to work better. It is hard to say if PoA or PoS is a better consensus algorithm. It heavily depends on your approach to anonymity. 

Products

VeChain products target people interested in IT, cryptocurrencies, education, etc. The platform attracts those who want to get new knowledge or wish to be rewarded for searching for code flaws of VeChain. Tron is rather an opposite thing. It incentives people to participate in prize drawings and giveaways in order to spread the word about Tron. Any person without specific interests or skills can use Tron products because they come as something that can make you richer. It is one of the reasons why Tron is so recognizable.

Use cases

Tron aims to revolutionize the entertainment distribution sphere. So far, the platform has better succeeded in self-promotion. Nevertheless, the goal is excellent as many content creators wish to have a more direct way to deliver their products to fans. VeChain is far from being very original in its purpose, as well. Information management is an important task that can be significantly improved thanks to blockchain. Will VeChain be the leader among similar blockchain-based projects? Who knows. We can say firmly that the competition is intense. All in all, both brands are very successful.

 

 

Company

User rating

4.5 / 5 8 user reviews 5.0 / 5 5 user reviews

Cryptogeek rating

3.6 / 5 4.0 / 5

Trust Score

How it works
4.02 / 5 4.25 / 5

About

TRON is a blockchain-based entertainment platform with its native token TRX. The mainnet was launched in 2018. The platform is supposed to be a cheap way to consume entertainment content and easily share it. TRON is capable of hosting entertainment content and DApps.
VeChain (VET) is a blockchain platform aimed at improving the supply chain sphere. VeChain provides an unique QR code to each product. These codes allow tracking products from factories to retailers. The information is stored on the blockchain. VeChain is capable of hosting DApps for business projects to help them safely store, share, and track information.

Type

coin coin

Founding Date

2018 2015

Country

International International

Languages

No data No data

Team

Public Public

Protocol

No data Public blockchain

Current price (USD)

0.1194 0.0442

All-time high (USD)

0.3004 0.0198

Price change (24h)

-1.27 -1.66

Volume (24h)

61814776.39662 3910147.23334

Hashrate

No data No data

Max Supply

99281283754.00000 86712634466.00000

Total supply

No data No data

Circulating Supply

87758092751.93344 85985041177.00000

Transaction speed / Block time

2000 220

Transaction fee

No data No data

Mining profitability

No data No data

Algorithm

No data VeChainThor Authority

Proof type

No data Proof of Authority

Fully premined

No data No data

Smart contract address

No data No data

Total coins mined

No data 55454734800.00000

Is trading

No data yes

Block reward

No data 0.000000000000

Block time

No data No data
Company
User rating User rating 4.5 / 5 8 user reviews User rating 5.0 / 5 5 user reviews
Cryptogeek rating Cryptogeek rating 3.6 / 5 Cryptogeek rating 4.0 / 5
Trust Score How it works Trust Score 4.02 / 5 Trust Score 4.25 / 5
About
TRON is a blockchain-based entertainment platform with its native token TRX. The mainnet was launched in 2018. The platform is supposed to be a cheap way to consume entertainment content and easily share it. TRON is capable of hosting entertainment content and DApps.
VeChain (VET) is a blockchain platform aimed at improving the supply chain sphere. VeChain provides an unique QR code to each product. These codes allow tracking products from factories to retailers. The information is stored on the blockchain. VeChain is capable of hosting DApps for business projects to help them safely store, share, and track information.
Type Type coin Type coin
Founding Date Founding Date 2018 Founding Date 2015
Country Country International Country International
Languages Languages No data Languages No data
Team Team Public Team Public
Protocol Protocol No data Protocol Public blockchain
Current price (USD) Current price (USD) 0.1194 Current price (USD) 0.0442
All-time high (USD) All-time high (USD) 0.3004 All-time high (USD) 0.0198
Price change (24h) Price change (24h) -1.27 Price change (24h) -1.66
Volume (24h) Volume (24h) 61814776.39662 Volume (24h) 3910147.23334
Hashrate Hashrate No data Hashrate No data
Max Supply Max Supply 99281283754.00000 Max Supply 86712634466.00000
Total supply Total supply No data Total supply No data
Circulating Supply Circulating Supply 87758092751.93344 Circulating Supply 85985041177.00000
Transaction speed / Block time Transaction speed / Block time 2000 Transaction speed / Block time 220
Transaction fee Transaction fee No data Transaction fee No data
Mining profitability Mining profitability No data Mining profitability No data
Algorithm Algorithm No data Algorithm VeChainThor Authority
Proof type Proof type No data Proof type Proof of Authority
Fully premined Fully premined No data Fully premined No data
Smart contract address Smart contract address No data Smart contract address No data
Total coins mined Total coins mined No data Total coins mined 55454734800.00000
Is trading Is trading No data Is trading yes
Block reward Block reward No data Block reward 0.000000000000
Block time Block time No data Block time No data

Social

Website

tron.network www.vechain.org

Twitter

@Tronfoundation @vechainofficial
Website Website tron.network Website www.vechain.org
Twitter Twitter @Tronfoundation Twitter @vechainofficial

Advantages

Fast network Low fees Coin runs on the original blockchain Well-known and trusted Some projects run on it

Disadvantages

The project is still in the early phase of its development Not completely decentralized

Rating

User rating User rating 4.5 / 5 8 user reviews User rating 5.0 / 5 5 user reviews
Cryptogeek rating Cryptogeek rating 3.6 / 5 Cryptogeek rating 4.0 / 5
Advantages Advantages Fast network Low fees Coin runs on the original blockchain Advantages Well-known and trusted Some projects run on it
Disadvantages Disadvantages The project is still in the early phase of its development Disadvantages Not completely decentralized

Tron (TRX) user rating is 4.5, based on 8 user reviews. VeChain (VET) user rating is 5.0, based on 5 user reviews.

We also calculate the special Cryptogeek TrustScore based on the characteristics of each coin.

We choose the winner based on our TrustScore Rating. Please remember, it’s still up to you which company to choose! How do we calculate Trust Score?
Trust Score: 4.02 / 5 Write review
Trust Score: 4.25 / 5 Write review
Choose other companies

We are not fit to give you straightforward investment advice. Your goals and needs determine if Tron or VeChain is the better investment for you. Without a doubt, both projects can be suitable investments for specific purposes. We believe that you've been given enough entry info. So you can now learn more before you decide which coin is better for you.

Today we will speak about two cryptocurrencies that caught the public eye in 2017 amidst the ICO bubble. These assets are Tron and VeChain. Both of them feel fine after years of development and leveling up. These coins fuel the respective networks, Tron and VeChain blockchains. In this article, we will review the main features of these assets, compare them by several factors, and try to give you a good idea about the investment potential of these coins.

  1. What Is Tron?
  2. What Is VeChain?
  3. Tron vs. VeChain (table)
  4. Tron vs. VeChain (details)

What Is Tron?

Tron (or Tronix) is the native cryptocurrency of the TRON blockchain. The latter is used to host a decentralized platform to distribute exclusive entertainment content. The project was launched in 2017 by Chinese entrepreneur Justin Sun. 

The project has ambitions to change the entertainment industry, giving content creators more control over the works they share and giving them better monetization opportunities. 

The Tron coin is based on the branded Tron blockchain. As of July 2022, the coin is doing great, being among the top 20 cryptocurrencies by market cap. For the most part, the Tron price was around two-three cents. The 2021 crypto rally helped Tron reach a new average price of close to 6 cents. As of July 2022, the price slightly exceeds 6 cents. The market cap of the coin is around $6.2 billion. 

The way to the top wasn't that smooth, as the project has been under attack by critics all the time. For instance, the Tron whitepaper was exposed as plagiarism. Vitalik Buterin is one of the vocal critics of Tron. The lack of the product ready for use is one of the main reasons for negativity. However, Tron continues to grow and develop. Let's see what happens to the platform in the future. 

What Is VeChain?

VeChain is a native token of the blockchain of the same name. The project was conceived in 2015. ICO took place in 2017. Until 2018, the project had a different name. The primary purpose of the VeChain blockchain is information storage and management. The blockchain uses a rare consensus mechanism called Proof-of-Authority. 

VeChain tokens are used for the validation of transactions on the VeChain blockchain. Another possible use of VeChain tokens is staking. Staking VeChain tokens brings rewards in THOR Power tokens (THOR is used to pay transaction expenses on the VeChain blockchain).

VeChain struggled to reach a 1 cent per coin price for a couple of years after the release. The 2021 crypto rally propelled the price to the nearly $0.3 mark. In 2021, the price considerably went down, dropping below 10 cents. As of July 2022, VeChain is over $0.02 per coin. The market cap is around $1.7 billion. 

Tron vs. VeChain (table)

Factor Tron VeChain
The price as of July 2022 $0.067 $0.023
Market cap as of July 2022 $6.2 billion $1.7 billion
Rank as of July 2022 #13 #35
All-time high $0.23 (January 5, 2018) $0.28 (April 19, 2021)
Decline (compared to all-time high) 71% 91.6%
All-time low $0.0018 (November 12, 2017) $0.0019 (March 13, 2020)
Growth (compared to an all-time low) 3,629.2% 1,128.6%
Popular markets Binance, FMFW.io, HitBTC, Azbit, Hoo.com Binance, FMFW.io, HitBTC, Upbit, Bitrue
Platform Tron VeChain
Consensus mechanism Proof-of-Stake Proof-of-Authority
Products APENFT Network, Dapp, SUN Network, TronSR Application Hub, VeVote, Developer Info Center, VeResearch
Use cases Entertainment content distribution Data management

Tron vs. VeChain (details)

The price and the market cap 

Tron has a more substantial presence in the media. The coin is better known than VeChain. Tron costs more than VeChain and has a clearly more significant market cap. Despite the fact that VeChain might be a less controversial project, Tron has been growing faster. Let's see what the future holds for the investors of both coins, though. 

Popular markets

Both coins are well-presented on the most prominent crypto trading platforms. However, VeChain and Tron are unavailable on Coinbase, which is a severe drawback. US residents can buy Tron on a popular American exchange like Kraken. VeChain is not available on Kraken. In general, buying/selling Tron is more accessible than buying VeChain.

Platform

Both Tron and VeChain use their custom blockchains. It makes these platforms fully independent and original. Although one can say that interoperability is hindered, this is not such a big deal as soon as several notable platforms are solving this problem.

Consensus mechanism

VeChain utilizes a rare consensus mechanism known as Proof-of-Authority. It has similarities to Proof-of-Stake (used by Tron and many other platforms). Unlike PoS, the PoA-based networks require the participation of the identified validators. Their decisions impact their credit in the eyes of the community, so it stimulates them to work better. It is hard to say if PoA or PoS is a better consensus algorithm. It heavily depends on your approach to anonymity. 

Products

VeChain products target people interested in IT, cryptocurrencies, education, etc. The platform attracts those who want to get new knowledge or wish to be rewarded for searching for code flaws of VeChain. Tron is rather an opposite thing. It incentives people to participate in prize drawings and giveaways in order to spread the word about Tron. Any person without specific interests or skills can use Tron products because they come as something that can make you richer. It is one of the reasons why Tron is so recognizable.

Use cases

Tron aims to revolutionize the entertainment distribution sphere. So far, the platform has better succeeded in self-promotion. Nevertheless, the goal is excellent as many content creators wish to have a more direct way to deliver their products to fans. VeChain is far from being very original in its purpose, as well. Information management is an important task that can be significantly improved thanks to blockchain. Will VeChain be the leader among similar blockchain-based projects? Who knows. We can say firmly that the competition is intense. All in all, both brands are very successful.