There's been some buzz about EOS this last week, for good reason. @dan's latest project may indeed be positioned to make quite the impact in the blockchain space. But that's not the topic for this post.
Rather, this is focused around a question that's been raised by some:
if EOS takes off and makes waves, what will the potential consequences be for Bitshares and Steemit?
Granted, one might expect that the exposure alone might bring more users to Bitshares and - especially - Steemit. Surely, people who've never heard of these blockchains of Dan before might suddenly be interested if EOS goes big.
And of course, it might be be expected that being EOS coming as an evolution of Bitshares and Steemit, there could indeed be a synergy that would leverage the ecosystems having been built so far.
Though, this post is really all about bringing awareness to one point...
While there were some big "ah-ha's" that resulted from that one diagram alone - a single image speaking perhaps much more powerfully than elaborate descriptions - although @kevinwong also did a great job drawing out his understanding into words with his post, EOS: A Blockchain Operating System - my discovery came upon going back to watch Dan's presentation of EOS at Consensus 2017...
Shortly into it, he presented another diagram that spoke quite loudly for itself, accompanied by the words:
"here's an account for the majority of the actual blockchain useage compared to the transactions that are going on the Ethereum and Bitcoin networks"
Bitshares and Steem are handling about 2/3 of all transactions in the blockchain ecosystem.
(NOTE: I am not stating this as a concrete FACT, and have no fucking clue how to actually confirm this - but am relying what was shown/told in Dan's presentation. If anyone can refute or verify this, please feel free to do so in the comments below.)
That's right. (If it is.)
Bitshares and Steem are significantly outperforming both Bitcoin and Ethereum in regards to number of transaction. I'm not totally sure if that has changed over this last week as BTC and ETH have been skyrocketing in value - though at least, this is the figure given in the EOS presentation three days ago.
Another piece of info to consider in context:
BitShares on Twitter: The Bitshares blockchain did 580k transactions yesterday. This is more than Bitcoin has ever managed in a single day
Again... two weeks ago, Bitshares had more transactions in a single day than Bitcoin ever had.
A fairly signficant fact.
While Bitcoin is reaching it's all-time highs - in the 2800's at one point today - Bitshares is currently at $0.08.
Steem is at $1.17.
Meanwhile, shit coins with no practical lasting value are getting pumped and dumped for way more, while Bitshares and Steem have been taking their time to grow a strong set of fundamentals.
And, their performance speaks for itself.
While the debate rages on about Bitcoin's ability to keep up with its growing popularity, transaction fees have skyrocketed this last week through its price hike, and transactions have been backed up - Bitshares has already outperformed it, and hasn't even yet come close to its full capacity.
Well, apparently, there are some big things in development for it. And, the userbase is steadily growing. It's nearly through its first year of operation, carrying on strong and steady, having made it through several learning cycles, improving consistently. More and more people are coming into the cryptosphere. There really are no competitors for Steem - Akasha, Synereo, and Yours working on prototypes that can't even come close to what Steem has already proven. You do the math.
So... there ya have it.
Of course, we're still in the wild wild west of the blockchain revolution, and anything can happen from here - including everything blowing up in our faces and going to zero.
But spare the apocalyptic scenarios, crypto is only in its relative beginnings.
And Bitshares and Steem have some fairly significant fundamentals in place, with performance results that speak for themselves.
Note: THIS IS NOT INVESTMENT ADVICE.
Do your own homework.
Though, if you're looking at the same data as I have, it's safe to say that anyone holding Bitshares and Steem may be in for a sweet, sweet ride... :-)