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Deloitte Ditches Ethereum for VeChain, Brags Beating Bitcoin Transactions

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By CCN.com: VeChain, which uses Proof of Authority rather than Proof-of-Work, clocked in more transactions than Bitcoin on Saturday. A Reddit user noticed and raised the celebratory alarm; Deloitte executive Cillian Leonowicz then claimed the activity via LinkedIn, writing: We wrote more transactions than Bitcoin over the weekend by migrating our client work from Ethereum to VeChain – we managed to execute 20+ smart contract transactions per second. Deloitte, BMW, and PwC Choose VeChain ‘Big four’ services giant Deloitte announced a week ago that it would be moving away from Ethereum, onto VeChain, following a similar move by PricewaterHouseCoopers. 4)

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* First published on ccn.com

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