What is the MOST VALUABLE BLOCKCHAIN??
Many people and the public currently track prices of assets and give value of the asset strictly based on PRICE and it’s corresponding market cap. However I please with everyone to think outside the box. @jerrybanfield does and EVERYONE should. STEEM and other blockchain technologies are very undervalued here going into the next.
Image courtesy of https://goo.gl/images/6AuqnF
I am writing a follow up to @jcornel post over two months ago because things have changed and are clearly still important (and will continue to be) in my eyes.
You can find his here - https://steemit.com/steem/@jrcornel/the-crypto-project-that-is-actually-being-used-by-people-is-the-best-indicator-of-value-that-you-can-have
Currently the top 3 “most valuable” cryptocurrencies are Bitcoin, Ethereum, Ripple, and Bitcoin Cash. So the most valuable blockchain technology are those 4 in that order as you can see below.
This is all that ANYONE ever hears about on the internet, television, or on the radio. Well guess what, it is Fake News. No, really. It is.
When defining real world value I believe one has to compare real world use cases. In this instance, what crypto blackchain is processing the most transactions at the fastest pace and is being used the most? (Considering that is what most of the TV pundits talk about anyways you would think they would know) Let’s dive in.
Take a look at blocktivity below.
Blocktivity.info - https://blocktivity.info
The top four block chains that are being used the most presently are 1. Steem, 2. Bitshares, 3. Ethereum, and 4. Bitcoin
Steem has processed over 1.5M transactions on the blockchain in the last 24 hours. Bitshares has process over 1.4M transaction in the last 24 hours. Ethereum and Bitcoin have processed only 700k+ and 200+, respectively. Steem and Bitshares have each processed more transaction in 1 day than the next 8 coins COMBINED in 1 day! That is actually pretty amazing.
Below is the running percentage of the 7 day average between the chains and transactions, it isn’t even CLOSE!
What is even more astonishing is that both Steem and Bitshares are both using less than 0.15% of their respective blockchain capacity! Whereas look at Ethereum...
It is currently running at 100% with many unverified transactions! I can almost guarantee that 97% of the public does not know this. Hands down.
I have become to attempt to use more and more crypto to get a better grasp on the technology instead of just looking for the next 10000% mover, because I believe the next 10000% move is in the one that has the best world use case. This is clearly what is being used and what has the capacity to handle the load on the blockchains. Scaling is a HUGE issue and one that EOS is planning to help solve. I have read that Steem, BTS, and EOS may verify more than 75% of all transactions on blockchains this year. Not Bitcoin and Ethereum.
I know Price is all that pays and certainly what matters, however it is only a matter of time until the public (which is ALWAYS behind) catches up to reality and realizes a couple things...
Bitcoin - Can’t do shit
Ethereum - Can’t build shit
Litecoin - A faster can’t do shit
Bitcoin Cash - A replica can do a little shit
Ripple - Centralized shit
Tron - Wishful shit
The next movement will be WHAT can’t scale, how much can you do, how fast can you do it, and what can you build?
The move is starting to be made as you can see from @jcornel and the distancing is clear. Once the public figures it out, there is ZERO reason why Bitcoin is over 150X more valuable than Steem. I encourage everyone to research and educate themselves on this.
So which is the most valuable blockchain?
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an Interesting post I still believe Steem is undervalued but thats more a gut feeling than anything else
It's is very clear that STEEM is the most used blockchain that can handle the most load...it is undervalued. I agree
Well lets hope we see it grow higher ;)
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Fantastic Post! I wish I could give you more of an upvote! I agree, I have put out quite a few posts showing how amazing the steem network is but I feel like it always falls on deaf ears. I will only continue to collect steem, no spending this crypto for a while, its got way to much potential value.
Thanks for sharing ;)
Yes, Yes it does...as steem grows the ones lower will gain more power...just have to stay on the grind
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