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,
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.
BMW has also recently begun building on VeChain. The transaction news follows an announcement by Jaguar Land Rover, in
which the luxury automaker is utilizing the IOTA blockchain for a cryptocurrency solution.