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RE: EOS Contract Programming - Programmer explains
Can eos handle thousands of transactions per second? I see this issue both on btc and eth. We need a super fast blockchain.
Can eos handle thousands of transactions per second? I see this issue both on btc and eth. We need a super fast blockchain.
Yes it can. EOS uses DPoS (delegated proof of stake), exactly like steem does. Steem already handles the record number of transactions per day without even using 1% of its capacity. Check blocktivity.info for more data on this topic.
BTC and ETH both use PoW (proof of work) and can't scale at all. This is why I moved my investments to steem mainly.
I'm also into steem. This is the most promising blockchain powered solution. Facebook market cap is about 500B, Steem is about 700m. There is huge potential for growth.
It can grow beyond facebook's market cap, because steem is not just tied to steemit. With smart media tokens release in early 2018, steem will be able to tokenize every website. every successful website launched with smart media tokens will increase the market cap and its potential.
Wow didn't know that about steem!