1) Ethereum Classic Crypto :
Ethereum Classic (ETC) was created as a result of a hard fork of Ethereum (ETH) in July 2016 after the DAO hack. The original Ethereum blockchain was split into two:
- Ethereum (ETH): The new chain that reversed the DAO hack transactions.
- Ethereum Classic (ETC): The original, unchanged blockchain that continued without reversing the hack.
Who Invented Ethereum Classic?
Ethereum Classic wasn’t created by a single person but rather emerged from a community-driven decision to continue using the original Ethereum blockchain. However, key figures involved in Ethereum’s development, like Vitalik Buterinand Gavin Wood, originally worked on Ethereum but did not support Ethereum Classic. Instead, ETC was backed by developers and miners who believed in blockchain immutability (“Code is Law”).
What makes Ethereum Classic a Better Investment ?
There are companies and organizations supporting Ethereum classic which makes it a better investment.
Ethereum Classic (ETC) is supported by various companies, exchanges, and institutions that contribute to its development, adoption, and ecosystem growth. Here are some key companies and organizations backing Ethereum Classic:
1. ETC Cooperative
A non-profit organization that supports the development and promotion of Ethereum Classic. It provides funding for developers, infrastructure, and ecosystem growth.
2. IOHK (Input Output Hong Kong)
Founded by Charles Hoskinson (co-founder of Ethereum and Cardano), IOHK has contributed to Ethereum Classic’s development, particularly with the Mantis client for ETC.
3. Grayscale Investments
Grayscale, a major crypto investment firm, launched the Grayscale Ethereum Classic Trust (ETCG), allowing institutional investors to gain exposure to ETC.
4. AntPool & BTC.com
These are some of the biggest mining pools that support Ethereum Classic mining, helping to secure its blockchain.
5. Binance, Coinbase & Other Exchanges
Major exchanges like Binance, Coinbase, Kraken, and OKX support Ethereum Classic trading and staking, increasing its accessibility.
6. Digital Currency Group (DCG)
The parent company of Grayscale and Genesis Trading, DCG has shown interest in Ethereum Classic as part of its crypto investments.
7. Bitmain
One of the biggest manufacturers of crypto mining hardware, Bitmain has produced ETC mining equipment, strengthening its mining community.
2) VeChain :
VeChain (VET) was founded by Sunny Lu in 2015. He is a former CIO of Louis Vuitton China and has extensive experience in supply chain management and blockchain technology. VeChain was initially launched as a subsidiary of Bitse, one of China’s largest blockchain companies, before becoming an independent blockchain platform focused on supply chain solutions.
What makes VeChain a better Investment ?
There are various companies supporting VeChain that makes it a better investment.
VeChain (VET) is backed by several major companies across different industries, particularly in supply chain management, logistics, and enterprise solutions. Some key companies and partners supporting VeChain include:
1. Corporate Giants & Enterprise Partners
- Walmart China – Uses VeChain’s blockchain for food traceability and safety.
- BMW – Works with VeChain for vehicle data tracking and anti-counterfeiting.
- Louis Vuitton (LVMH) – Uses VeChain for luxury goods authentication.
- PwC (PricewaterhouseCoopers) – Provides business advisory support and promotes VeChain to its clients.
- Deloitte – Previously worked with VeChain for enterprise blockchain solutions.
2. Government & Public Sector Support
- China’s Government & Shanghai Gas – VeChain has worked with Chinese authorities on blockchain-based solutions for supply chain tracking in energy and logistics.
- Cyprus Government – Partnered with VeChain for blockchain solutions in the medical and financial sectors.
3. Healthcare & Pharmaceuticals
- Bayer China – Uses VeChain for pharmaceutical supply chain tracking.
- DNV (Det Norske Veritas) – A risk management and quality assurance company that uses VeChain for product certifications.
4. Food & Agriculture
- Sam’s Club China – Uses VeChain for food safety and supply chain transparency.
- Bright Food Group – Tracks food safety using VeChain’s blockchain.
5. Logistics & Shipping
- DB Schenker – A German logistics company using VeChain for supply chain tracking.
- Kuehne + Nagel – One of the world’s largest logistics firms, using VeChain for shipment tracking.
Final Thoughts :
Here’s a comparison table of VeChain (VET), Ethereum Classic (ETC), Ethereum (ETH), Bitcoin (BTC), Bitcoin Cash (BCH), and Polkadot (DOT) based on key factors :
Feature | VeChain (VET) | Ethereum Classic (ETC) | Ethereum (ETH) | Bitcoin (BTC) | Bitcoin Cash (BCH) | Polkadot (DOT) |
---|---|---|---|---|---|---|
Launch Year | 2015 (as VeChain) | 2016 | 2015 | 2009 | 2017 | 2020 |
Founder(s) | Sunny Lu | Ethereum split team | Vitalik Buterin | Satoshi Nakamoto | Bitcoin developers | Gavin Wood |
Consensus Mechanism | PoA (Proof of Authority) | PoW (Proof of Work) | PoS (Proof of Stake) | PoW (Proof of Work) | PoW (Proof of Work) | NPoS (Nominated PoS) |
Total Supply | 86.7 Billion VET | 210 Million ETC | No fixed supply | 21 Million BTC | 21 Million BCH | 1.4 Billion DOT (adjustable) |
Use Case | Supply Chain, Enterprise | Smart Contracts, DApps | Smart Contracts, DeFi | Digital Gold, Payment | Fast Transactions, Payments | Interoperability, Multi-Chain |
Transaction Speed | 10,000+ TPS | ~15 TPS | ~30 TPS | ~7 TPS | ~100 TPS | 1,000+ TPS |
Smart Contracts | Yes | Yes | Yes | No | No | Yes |
Scalability | High | Low | Moderate | Low | Moderate | High |
Security | High (Centralized Validators) | High (PoW) | High (PoS) | Very High (PoW) | High (PoW) | High (PoS + Shared Security) |
Main Strength | Enterprise Adoption | Immutable Smart Contracts | DeFi, NFTs, Smart Contracts | Most Secure & Decentralized | Faster Bitcoin Alternative | Cross-Chain Compatibility |
Weaknesses | Centralized Validators | 51% Attack Risk | High Gas Fees | Slow & High Fees | Less Adoption than BTC | Complex Governance |
Governance Model | Semi-Centralized (PoA) | Decentralized (PoW) | Decentralized (PoS) | Decentralized (PoW) | Decentralized (PoW) | Decentralized (NPoS) |
Here’s a rating comparison (out of 5) for VeChain (VET) and Ethereum Classic (ETC) based on key factors:
Feature | VeChain (VET) | Ethereum Classic (ETC) |
---|---|---|
Technology | ⭐⭐⭐⭐☆ (4/5) | ⭐⭐⭐☆☆ (3/5) |
Security | ⭐⭐⭐⭐☆ (4/5) | ⭐⭐⭐☆☆ (3/5) (51% attack risk) |
Scalability | ⭐⭐⭐⭐⭐ (5/5) | ⭐⭐☆☆☆ (2/5) |
Decentralization | ⭐⭐⭐☆☆ (3/5) | ⭐⭐⭐⭐☆ (4/5) |
Adoption & Partnerships | ⭐⭐⭐⭐⭐ (5/5) | ⭐⭐⭐☆☆ (3/5) |
Smart Contracts & Utility | ⭐⭐⭐⭐☆ (4/5) | ⭐⭐⭐☆☆ (3/5) |
Long-Term Potential | ⭐⭐⭐⭐☆ (4/5) | ⭐⭐⭐☆☆ (3/5) |
Overall Ratings:
✅ VeChain (VET): 4.1 / 5 – Strong enterprise adoption, scalability, and real-world use cases. Slightly centralized due to Proof of Authority (PoA).
✅ Ethereum Classic (ETC): 3.1 / 5 – Decentralized and secure but vulnerable to 51% attacks. Less adoption compared to Ethereum.
VeChain (VET) Recent Developments:
1. VeChain 2025 Roadmap:
- VeChain Renaissance: A comprehensive upgrade plan to align with global standards, focusing on reimagined tokenomics, enhanced interoperability with Ethereum, and new tools to attract developers and institutions. crypto-news-flash.com
2. Protocol Enhancements:
- Account Abstraction (AA): Introduced programmable smart contract wallets, improving user experience and security by moving away from traditional externally-owned accounts (EOAs). coinjournal.net
3. Ecosystem Expansion:
- VeBetterDAO Network: Aiming to drive ecosystem growth by encouraging community participation and rewarding positive behaviors with B3TR tokens. crypto-news-flash.com
Ethereum Classic (ETC) Recent Developments:
As of now, there are no significant recent developments for Ethereum Classic (ETC) within the past year. The platform continues to uphold its commitment to immutability and decentralized applications but has not announced major updates or partnerships recently.
VeChain is actively enhancing its platform with strategic upgrades and initiatives aimed at mass adoption and enterprise integration. In contrast, Ethereum Classic has maintained its foundational principles without notable recent developments.
So, See the VeChain and Ethereum Classic Ratings again and take your decisions accordingly. Both Coins are really nice in their own ways.
Happy Investing