STEEM EVM Update: 130K Blocks, Network Latency Analysis & Validator Rewards
Note: Upvoting and resteeming this post directly motivates me to continue building and improving the Steem Virtual Machine ecosystem. Your support is greatly appreciated!
The Steem Virtual Machine (SVM) continues to demonstrate exceptional stability as we scale. Today, the network has officially surpassed 130,000 blocks mined with zero downtime. As we onboard more validators and increase transaction volume, we are gathering critical performance data that will guide our next governance optimizations.
Previous Updates
- 10 Validators & Welcoming @steem-space
- Custom Token UI Live & 120K Blocks
- 9 Validators & Call for Nodes
Network Health & Performance Metrics
The chain remains extremely healthy with consistent block production and a perfect transaction success rate.
Current Network Stats:
- Total Blocks Produced: 130,000+
- Total Transactions Processed: 630
- Average Daily Test Transactions: ~46
- Average Block Time: ~6.8 seconds
- Failed Transactions: 0
Block Time Analysis & Future Optimization
You may notice the average block time has increased slightly by 0.1 seconds to 6.8s. This is an expected result of increased network latency as we add more geographically distributed validators.
As we continue to expand the validator set, this latency may increase further, potentially reducing the total blocks produced per year below our initial targets. To address this proactively, I am preparing a future governance proposal that will:
- Decrease Target Block Time: Compensate for network latency to maintain optimal throughput.
- Increase Block Size: Allow more transactions to fit in each block, improving overall capacity.
These adjustments will ensure the SVM remains fast and efficient even as decentralization increases.
📢 Call for Validators: 5M SHERPA Reward
We need your help to test the future of SocialFi! The more validators we have, the better we can stress-test consensus, latency, and block propagation under real-world conditions.
💰 Genesis Reward: 5M SHERPA Pool
A dedicated bucket of 5,000,000 SHERPA tokens will be distributed equally among all validators who join and remain active prior to August 1, 2026.
This is your opportunity to:
- Secure a share of the genesis reward pool.
- Help shape the network's performance parameters through governance.
- Be part of the foundational infrastructure for Steem's DeFi future.
Setup Instructions:
GitHub: SteemVirtualMachine-EVM Instructions
Current Validator Set (10 Nodes)
Thank you to our current validators for their consistent uptime and valuable testing feedback:
- @blaze.apps
- @upex
- @cur8
- @blazed007
- @steem-agora.evm
- @xpilar.witness
- @yasu
- @dhaka.witness
- @happycapital
- @steem-space
How to Connect & Participate
To start interacting with the SVM or setting up your wallet:
- Network Name: Steem Virtual Machine (SVM)
- RPC URL: https://evm.blazeapps.org
- Chain ID: 8163
- Currency Symbol: STEEM
- Explorer: https://evmscan.steemscanner.com
- SVM App: https://svmapp.blazeapps.org
Community Engagement
As we approach the August 1st deadline:
- Run a Node: Join as a validator and secure your share of the 5M SHERPA reward.
- Generate Transactions: Help us gather more latency data by testing swaps, sUSD minting, and custom token interactions.
- Witness Support: Your vote supports the ongoing development and infrastructure costs of the SVM.
If you value proactive engineering, UX polish, and performance optimizations for the STEEM ecosystem, please consider supporting my witness: blaze.apps