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HBAR vs VET compare

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About HBAR

  • Name: Hedera

  • Symbol: HBAR

  • Circulating supply: 24 894 590 000 $

  • Max supply: 50 000 000 000 $

  • Cmc rank: 36

  • Volume 24h: 11 119 220 $

  • Percent change 1h: 0,38 %

  • Percent change 24h: 0,28 %

  • Percent Change 7d: -1,9 %

About VET

  • Name: VeChain

  • Symbol: VET

  • Circulating supply: 72 511 146 000 $

  • Max supply: 86 712 634 000 $

  • Cmc rank: 34

  • Volume 24h: 26 235 210 $

  • Percent change 1h: 0,079 %

  • Percent change 24h: 0,096 %

  • Percent Change 7d: -1,6 %

HBAR vs VET Comparison

Here is an HBAR vs VET comparison that explains the difference between the two. Additionally, it explores the merits of investing in Hedera, Vechain, or both.

HBAR Overview

Hedera (HBAR) is a cryptocurrency project based on the hashgraph algorithm. Hedera may be used by anybody to construct complicated decentralized apps. Hedera is intended to be an efficient system that solves the performance and stability issues of previous blockchain-based systems. 

The hashgraph technology allows the network to outperform a number of blockchain-based competitors in critical areas like speed, cost, and scalability. Transactions on Hedera are often less than $0.0001 USD and are completed in less than five seconds.

The HBAR token serves two purposes on the Hedera public network. HBAR powers all Hedera services, including smart contracts, file storage, and standard transactions. Second, it helps with network security through staking.

VET Overview 

VeChain is a decentralized application platform for enterprises (DApps). It was founded in 2015. The initiative is backed by an experienced team led by Sunny Lu.

VeChain hosts enterprise-scale decentralized applications (dApps) on the VeChainThor blockchain. To aid in the maintenance of the blockchain and to assure transaction transmission, the platform makes use of a novel consensus technique known as Proof-of-Authority (PoA).

The VeChainThor blockchain utilizes a dual-token economy — VET and VTHO — to separate running expenditures. Payments and remittances are all examples of how VeChain users may utilize VET to transfer value to one another. Additionally, VET generates VTHO. This second token is also the platform's gas token, and it is used to pay transaction fees and fund the construction of smart contracts.

Hedera vs Vechain: Which Is preferable? 

The benefits of the HBAR blockchain.

  • Prompt transactions

The network can handle 10,000 transactions per second.

  • Security

The Hedera proof-of-stake public network uses HBAR coins to balance votes on transactions. To purposely alter consensus, a fraudster would need to acquire and stake more than one-third of the network's entire supply of HBAR, which is impossible during the network's first five years.

  • Dual function

HBAR can fuel decentralized apps while also protecting the network from unethical individuals using HBAR.

The benefits of the VET blockchain.

  • Sustainability/innovation

The VeChainThor blockchain provides node owners with long-term rewards. VeChain has formed strategic partnerships and business relationships with a large number of big organizations, many of whom use VeChain's technology to increase their efficiency.

  • Energy-efficient

VeChain claims that the VeChainThor blockchain consumes less than 2.4 percent of the energy required to manufacture a single bitcoin each year.

  • Low operating expenses

Operating on the blockchain is many times cheaper than running on Ethereum, which allows for the most cost-effective operations.

In general, when comparing Hedera vs VeChain and choosing whether to invest in HBAR or VET, VET is chosen over HBAR because it offers greater decentralization, and its supply is three times larger.

A Quick Review of HBAR vs VET Live Prices

Hedera's HBAR token went live in mid-September 2019 at a price of $0.087. Immediately after the launch, the price plunged to $0.030. When the COVID-19 virus wreaked havoc on the world in February 2020, HBAR dropped to around $0.01 before rising to $0.07.

In 2021, the price started to increase. By the third week of the year, HBAR had already surpassed its original all-time high of $0.1.

Hedera launched a new bullish cycle after a series of downtrends, propelling the stock from $0.16 to $0.57. In 2022, the price soared to $0.35 before once again being rejected and plunging to $0.3. 

VeChain (VET) launched in August 2018, although its price remained relatively steady until 2021. Early in the year, the volatility of VeChain pricing in 2021 worked in its favor. The coin started the year at $0.019 and quickly climbed in value. In mid-February, it reached its first significant milestone of $0.050.

VeChain reached a new all-time high of $0.278 on April 17, 2021. In early 2022, VET remained relatively stable, ranging between $0.085 and $0.088. Soon thereafter, VET announced the creation of a new stablecoin, causing the price to spike to $0.095. However, on January 10th, it broke its spell of stability at $0.085, plummeting to $0.07. 

Make sure to always check the current rates before conducting an HBAR to VET exchange.

Conclusion: HBAR vs VET

Our Hedera versus Vechain comparison shows that HBAR and VET are both lucrative utility coins to include in your crypto portfolio allocation.

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F.A.Q.

How to Compare HBAR and VET?

To compare HBAR vs VET, it’s important to look at transaction speed, type of blockchain, functionalities, capitalization, as well as the team behind the project.

Why Is Hedera More Expensive Than Vechain?

Hedera is more costly than Vechain because of its network expenses.

Which Coin Is More Profitable: HBAR or VET?

Both HBAR and VET are generally sound, long-term investments. However, VeChain seems to have a tiny advantage over Hedera.