From 1M User Accounts To 2M Transactions
A funny thing happened along the way to 1M user accounts....
Suddenly, things got a lot more active.
Over the past few weeks, STEEM was hanging around 1.5M transactions per day. There were a couple days where Bitshares passed STEEM to claim the number 1 spot.
It appears the excitment over 1M users caused a lot more activity.
I just looked at blocktivity.info and look what I found.
The past 24 hours saw STEEM conduct over 2M transactions. This is a jump of over 30%. Certainly this could be a blip and the norm returns. Or, perhaps, we jumped to another level.
Sometimes milestones will produce a level of excitement that carries forward.
The hardest part about STEEM is remaining patient until everything unfolds. There is so much going on with this blockchain that is amazing.
I wonder if @dtube.rewards is spiking the numbers. It's sending out a ton of transactions
That's certainly not impossible. They got so many transactions going on every minute!
Very valid point. We will have to watch to see if the numbers hold up.
I did not look to see when the spike happened....only noticed it today....
Perhaps it was a few days ago....
It is good to see nonetheless...
I think it was a day or two ago.
My eyes popped when I saw the record 2.5 MM tx/day!
Amazing!
I'm really looking forward to seeing what the future holds for Steem.
I think it has a bright future.
It has been, by far, the blockchain with most transactions, but it seems like BTS is getting closer and closer (and it passed Steem for a moment, like you said), but I'd say that Steem will prevail in the end.
By the way, where is BTS used?
I haven't heard of it since like a month or two, and it has so many transactions.
Bitshares is basically a DEX so most of its transactions are simply trades.
They have their pegged assets such as BTCUSD which many move in and out of.
There are also some other businesses moving to Bitshares.
As for the comparison with STEEM, they arent really in competition. Both will be widely successful in my view.
I hope that you're right about this one.
I have an opinion that Steem/BTS should be higher by market cap, as they have proven that they have a working product, and a blockchain that can proccess many transactions.
I agree but pricing action is often based upon marketing....
both STEEM and BTS are not very good at that....
Which I am fine with...they have superior blockchains to most and are leading the way in development.
Too bad many trade and pure hope and dreams. BTS/STEEM have real products and they trade on reality. When the hope and dreams of other products/companies meet reality then their price will adjust.
Transactions at least to steem also means comments, upvotes, downvotes etc does it not? So some of that very well could be spam?
Yes, that's true. All transfers, comments, upvotes, flags, and blog posts counts as transactions. So a lot of them are made by bots or spammers indeed.
Hey, @taskmaster4450 wonderful post.thanks for share this information.
Really glad to see DogeCoin in the top ten, as for Steem i have only one thing to say: to the Moon!