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RE: STEEM Is A Blockchain On Steroids: 6 Million Transactions Per Second!!!
Woo!
I remember one of the first things I learned about the ethereum blockchain was that Vitalik wanted to be able to handle more tps than Visa. I think he listed 2kps. I was so stoked to hear people thinking that far forward.
Lol silly eth. Steem has this shit under control.
Yeah I always feel sad for people talking about Bitcoin and Ethereum when Steem exist. They just don't know lol.
Tell em!
Roger Very is a bch evangelist, be a steem evangelist!
Naw ETh scaling plan is 1 million tps:
https://bravenewcoin.com/news/vitalik-ethereum-en-route-to-a-million-transactions-per-second/
Bitcoin scaling plan is the LN+(sidechains):
Each channel can process about 500 tx per second(a channel is when a node opens a connection with another node. This can be done many times with same nodes). LN is now limited by the number of nodes.
Source:
https://coinjournal.net/scaling-layer-2-and-cryptographic-innovations-discussed-at-consensus-2018/
Also transaction does not mean ever day:
https://www.widebitcoin.com/a-visa-cryptocurrency-might-only-be-worth-3-billion-napkin-math/
But yeah Steem has this in the bag. All of these scaling plans are not on chains. A decentralized social network can't work off chain otherwise how can you read the data?
Steem has some much potential-I can't wait :)
With all those SMTS steem will be even more powerful :)
Don't get me wrong: I would absolutely LOVE for BTC and ETH to be as scalable as steem. I've got plenty of love for all of em.
Almost completely agree with you (Don't like Eth much) but other than what you said is true.