Steem Blockchain Welcomes Its One Millionth Unique Account

contentjunkie (73)in #steem • 6 years ago

From The Merkle

Cryptocurrency-related platforms often struggle to gain any sort of traction. Even when they do so, sustaining long-term growth has proven to be nearly impossible. In that respect, Steem is most certainly doing something right. With the one millionth account having been registered on this blockchain, its associated Steemit platform is also making significant progress.
STEEM IS TRUCKING ALONG NICELY
For those unaware of what Steemit is, it is the native platform of the Steem cryptocurrency project. For content creators, Steemit offers an interesting solution, as it allows users to earn money by offering contributions. It is a very community-driven project which relies on the Steem technology to be successful. As such, Steemit and Steem will be entwined for the foreseeable future, and one will not succeed without the other.

In a recent blog post, the Steem team confirmed that things were going according to plan. Over 1 million unique accounts exist on the Steem blockchain at this stage, which is rather impressive. A lot of new users continue to join the Steem project every single day, and it seems the rate of growth is only increasing. That makes it very different from most other cryptocurrency-related projects, which eventually faced a steep dropoff in popularity after the initial hype died down.

For Steem, things are firing on all cylinders right now. The company has confirmed that there are over 1 million transactions per day on the Steem blockchain. That is a rather steep number, especially when compared with other cryptocurrency blockchains. Furthermore, it appears no other project even comes close. In fact, the Steem blockchain is processing more transactions than all other chains combined. Additionally, the team claims close to 60,000 unique accounts transact on this blockchain every single day.

It looks like I'm a little late to the party on this milestone. I was traveling for the Victoria day long weekend and have returned to a delightful milestone. The only problem is that I'd be willing to wager most of those accounts are either inactive or sock accounts. It's a nice number to reach but we shouldn't pop the champagne too early. It took far too long to get to this point. Hopefully Steemit Inc will open the flood gates on signups soon.