Ethereum transactions adding up to more than all digital currencies combined

in #ethereum7 years ago

Ethereum was launched two years ago (https://www.ethereum.org/) now processed 52.2% of all cryptocurrencies transactions, followed by bitcoin at 33% then bitcoin cash as third. On daily basis more than half million transactions are processed and it continues to increase. Bitcoin is currenctly processing 330,000 transactions daily which little increase. It's thought that this is due to 1MB size capacity of bitcoin it's linear progression. I believe and others that this transaction volume of Ethereum is due to dApps, and ICOs. I predict that this trend will continue and will reach higher due to a couple of factors.

  • A hybrid proof of stake (PoS) and proof of work (PoW) upgrades are expected, increasing capacity by lowering the transaction times**.
  • Second is long term plan to implement sharding perhaps around 2019.
  • Third many projects ICOs are coming online in 2018 will continue to increase the transaction volume.

Source: reference article http://www.trustnodes.com/2017/11/22/ethereum-now-handles-transactions-digital-currencies-combined

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