Ethereum Transactions Per Day about to Surpass Steem
The above table are the counts for transactions per day, ordered by the highest. As you can see we have had 10 days above 800,000 transactions, and the record is just shy of 1 million transactions in a day.
Yesterday Ethereum increased it's 'gas limit', which acts effectively like the block size limit in Bitcoin. After which Ethereum had it's best day for transactions ever at 828,899. This would place it above all but the top 5 best days for Steem, and just 16000 fewer than Steem transactions yesterday.
Thankfully Steem's own record was set just last week. The optimist in me believes Steem could surge again and retain our position as the top transacted cryptocurrency.
That's a lot of movement. Surely STEEM's numbers are only going to increase as the user base grows?
Yeah. Both Ethereum and Steem appear to be in a growth phase so it will be interesting to see if Steem can stay ahead.
I'm more curious about SBD at the moment myself. If it holds at this price, people who are active on Steemit have a great chance for growth and profit.
All the cryptos seem to be on the rise at the moment, I think that all the recent publicity has really brought them into people's sight where it never has been before. This can only lead to more money being invested and improvements made.
It's crazy. If I were less scrupulous and I had all my SP undelegated, I could allocate myself tens of thousands of $ worth of Steem Dollars at this price in a month. This can't last.
Steem has the capacity to deal with a LOT more of transactions per day. But, I'm wondering if we should treat the TX/day as a desired metric. When I think of the quantity of meaningless microtransactions for spam purposes or the quantity of meaningless spam comments, I have a feeling quite a large percentage of the total transactions are really contributing to the Steem ecosystem.
So I'm just happy with the knowledge Steem has a lot of capacity for growth.
It's not really like for like, but there are quite a lot of 'meaningless' transactions on the other blockchains as well. Miner payouts for example are the vast majority of Bitcoin transactions and reflect nothing more than the fact that a mining ASIC or farm has not yet been switched off.
While direct comparisons between the chains are of little value except bragging contests, transaction counts very much have predictive value. Especially certain types of transactions such as top level comments which have historically reflected real user activity much more than votes for example.
@demotruk - Steem is unbeatable & it's the future block chain.... Nice analysis...
+W+ [UpVoted & ReSteemed]
wow