Since the emergence of Bitcoin in the year 2009, many different cryptocurrency projects have appeared, and each has its project and what it aspires to achieve, and among these projects were those who were able to replace directly behind Bitcoin, whether in terms of adoption or in terms of the total market value of the currency, we are talking here about the Ethereum project.

But that does not mean that there is no direct competition with Ethereum from many projects with similar orientations and goals, including what we referred to in a detailed article entitled:

Top 11 Blockchain Platforms That Compete With Ethereum

Recently, Deloitte, one of the four largest audit firms and the largest professional services network in the world, announced that it has moved from the Ethereum blockchain to the VeChainThor blockchain.

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and in a report A talk issued by the same company “Deloitte” titled “5 Blockchain Trends for 2020”, Deloitte sees through this report that VeChain is an industry-leading blockchain network, adding that VeChain and the open Corda blockchain platform for companies, are among the most complete networks compared to Ethereum.

Deloitte has made an infographic comparing VeChain, Ethereum, and Corda.

The audit firm explained that unlike the Ethereum network, VeChain and Corda have high security.

Deloitte also confirmed that the usability of VeChain and Corda is better than Ethereum.

However, Ethereum offers a high decentralization that cannot be matched with the other two, according to the same report.

Deloitte made the comparison using decentralization, scalability, and security as key terms.

Using all three measurements, VeChain and Corda form an equilateral triangle.

In contrast, Ethereum formed a tilted triangle with a heavy focus on decentralization.

This depicts VeChain and Corda as being more balanced and integrated than Ethereum.

Deloitte confirmed that the balance between the three criteria will make the blockchain project a prime choice for blockchain network providers and customers who want to build integrated solutions.

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Remember, PricewaterHouseCoopers migrated to the VeChain network in 2019 and Deloitte recently made the same move, claiming that the VeChainThor blockchain offers more advanced features compared to Ethereum.

In a statement, Deloitte said:

Vechain, Ethereum, Corda, and Hyperledger are viable blockchain platforms and the blockchain platforms that will remain on top will be those that offer a unique blend of features for both individuals and associations developing enterprise-wide solutions.

London-based Deloitte added that after cleaning up fraudulent and empty projects in 2018, 2019 brought viable blockchain platforms that are practical in real-world use cases, e.g.: Ethereum, VeChain, Hyperledger and Corda. .

According to the Deloitte report, investments in blockchain changed the focus of projects working in this field in 2019, as they turned their attention to reality, daily life and the supply chain…

Deloitte Report: Ethereum is best suited for institutional use:

While comparing the features offered by the four networks and some other blockchains such as Bitcoin and Ripple, Deloitte tells that Bitcoin, Ripple, and VeChain belong to the publicly accessible category of blockchains that give everyone the ability to join and read, but only authorized and known participants can write.

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While Ethereum belongs to the class of private blockchains that are only read by the public, only network operators and authorized nodes have the ability to write.

Deloitte concluded that it had found that allowed and private networks were best suited for corporate use cases.

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