😁 THE CONSEQUENCES OF HODLING 😁 . Everyone’s Talking About Blockchains But Hardly Anyone’s Using Them.

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"Blockchain as a technology is still in its infancy. The next generation of chains, side-chains, and off-chain layers are either under construction or fresh out the gate. It will take time to see whether their claims of high throughput and scalability stand scrutiny. An examination of the blockchains that have been in operation for several years makes for dismal reading. Outside of the top six, blockchains are seeing very little action."

Ethereum was the clear leader in the number of transactions per second at the time of writing, reporting over 980,000 transactions in the past 24 hours, versus bitcoin’s 240,000. One way to report that statistic would be “Ethereum nears 1 million transactions a day”. Another would be “Blockchains haven’t even reached 1 million transactions a day”. Moreover, a closer examination of Ethereum’s numbers shows that the number of ‘real’ transactions may be significantly lower.

Despite ranking a distant second to Ethereum in terms of volume, the value of bitcoin transactions is greater, both in dollar value and in terms of function served. In the last 24 hours, $10.6 billion of bitcoin was sent, versus $8.2 billion for Ethereum.

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