STEEM Processed Over 1,000,000 More Transactions Than Any Blockchain In Last 24 Hours (VIDEO)

in #steem8 years ago (edited)


In the past 24 hours, the STEEM blockchain has processed over 1,000,000 more transactions than any other blockchain. According to Blocktivity.info, the STEEM network has processed 1,717,721 transactions in the last 24 hours, more than it's daily average of 1,697,598 transactions.

Ethereum has processed the second most transactions in the last 24 hours with 716,985 transactions but the network is at full capacity with thousands of transactions waiting to be confirmed. Unlike many of the top blockchains, STEEM has no issue when it comes to scaling (at the moment). Currently STEEM is using only 0.14% of it's total processing capacity!

As more and more users continue to join the STEEM network, the daily transaction activity is going to continue to increase. Keep an eye on the daily activity by visiting Blocktivity.info. Blocktivity provides a way to analyze a blockchain project in a way other than market capitalization. Blocktivity uses transactions to determine if a project is actually being used by people, which is a great indication of value.

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So is brother, daily, more and more people continue to join steemit, so the percentage of transactions will continue to rise without a doubt, which shows that this social network will continue to grow as the days go by and will be the best. Excellent friend publication

I feel as steem has an advantage over many other cryptos as it has utility built in to it. With Steemit d-tube and all the other platforms being developed Steem will have a ever growing economy around it.
Many cryptos are mainly investments and to actual currencies being used everyday li Steem already is.
That's my 2 cents anyway, but my knowledge on crypto currencies is pretty limited...

very lovely writing....:)

steam can do so much more then all the other block chains it can actually handle a masssive range of users all doing transactions bitcoin and ethereum arnt even close

 8 years ago  Reveal Comment