STEEMIT: I am pleased to announce that yesterday saw a Record Breaking and Jaw Dropping 426,703 Transactions on the STEEM Blockchain..!!
DAILY TRANSACTIONS - 2017
Wow..!! What can I say..!! I hope you are sat down..!!
I am pleased to announce that yesterday saw a Record Breaking, Head Spinning, Mouth Watering and Jaw Dropping 426,703 Transactions registered on the STEEM Blockchain..!!
No, your eyes are not playing tricks, let me just repeat that again in case you missed it.......
......yesterday saw a Record Breaking, Head Spinning, Mouth Watering and Jaw Dropping 426,703 Transactions registered on the STEEM Blockchain..!!
Just think about that for a moment.
While you are thinking about it, here are the last 7 days Transactions...
Last 7 Days Transactions
Thu-01-Jun-17 = 212,502
Fri-02-Jun-17 = 240,302
Sat-03-Jun-17 = 267,778
Sun-04-Jun-17 = 297,312
Mon-05-Jun-17 = 358,654
Tue-06-Jun-17 = 382,451
Wed-07-Jun-17 = 426,703
Time to pop open the bubbly..!!
Thanks again for reading.
Stephen
Shared on twitter. Stephen
Shared on LinkedIn. Stephen
Um, so..
That's more than Bitcoin has ever done in a day.
https://blockchain.info/charts/n-transactions?timespan=2years
Steem is now the top crypto by transaction volume.
"That's more than Bitcoin has ever done in a day."
"That's more than Bitcoin has ever done in a day."
"That's more than Bitcoin has ever done in a day."
.....I just had to repeat this a few times..!! Stephen
It's getting exciting!!!
=]]]]]]]]]]]]]]]
We should all repeat it as a mantra !
That's crazy! How can that be? Because bitcoin can't handle the transactions fast enough or because people collecting Steem rewards count as extra transactions maybe?
Four reasons:
Steemit Inc. has not even begun to try to push the platform. They plan to do so, but they have a few things they are getting lined up before doing that. So yeah this should explode big time in the future... beyond what it is now.
I'm curious, can you elaborate on #3 with the bots running all day for Steem transactions? How does work exactly?
People running computer programs which vote automatically according to their policies.
There are bots on every blockchain network but Steem has free transactions so they have almost no running costs.
fascinating I didn't know that, very new to cryptos and learning as much as I can.
So main of it is voting ?!
Does it go as transaction ???
=]
Yes, more than half of it is voting. After voting, the second top transaction type is commenting.
Awesome chart!!!
Gotcha! Thanks for the chart
@demotruck can you explain the distribution in detial
You can find the dynamic chart at Steemdata.com.
Most of the transaction types should be self explanatory, at least when you've gotten familiar with the system.
Because every vote, comment, post, and Steem transfer is a transaction. Which means Steem is actually used more than Bitcoin for practical purposes.
Yeah, it was a genius move by the creators of Steem to make a built in community with the currency. It was only a matter of time before transactions were dominated by Steem. I think this will only increase it's value. Very interesting times ahead.
what is the limit? Can it break someday?
It can go to about 10,000 transactions per second (864 million per day), in the current form. Optimizations will be needed to go beyond that.
In practice the witnesses may need to be keep it much lower than that for some time to reduce replay time, but replay time can also be improved.
Thanks @demotruk. A real credit to the Community. Stephen
Where can I learn more about tps and resource usage?
I've noticed that steemit lags during peak hours.
I'm hoping these are scaling issues with known solutions in the works.
Growth is looking insane!
I'm not sure but I believe that's just Steemit Inc not having enough Steemit.com nodes going to serve users at peak times. If so it should be just a matter of throwing up more instances.
Thanks @demotruk wonder how long it will take before that gets saturated...
say about current growth rates 4% /week (roughly) I guess that could happen in 3.6 years?
Hi Stephen,
This is the 2nd consecutive day that u make me happy with your post. The potential is endless in my eyes and man i'm glad were here allready!
These posts are very clear and it's nice to see a day by day increase, please continue with those kind of blogs.
Cheers,
Ernst
Ernst, it is my pleasure. People keep voting, I will keep blogging. Having a tremendous support of my Blog just makes it 1,000,000 times easier for me to Blog. Thanks again for your continued support. Stephen
Wow! that is great news. We can expect the growth to continue and hit new highs
It doesn't get better then this. This is MASSIVE NEWS and worth popping open the bubbly..!! Thanks for your support. Stephen
@stephenkendal @gigafart @etcmike @robertor I think the bigger news is in the making
Please upvote my comment
Steemit is out to conquer the world. Not by might, not by strife, but by community interest and growth. Anyone can clearly see what is happening.
Like a tidal wave. Sweeping everything in it's path.
Thank you for those jaw dropping numbers. Will it to go ten times that, or twenty times? Who knows.
Hang on for the ride of your life. It is coming. We will enjoy monumental growth for years.
Francis
Thanks Francis, you are very welcome and thanks for your support. Stephen
Incredible. Steem is highly undervalued. This is the most widely used crypto behind Bitcoin and Ethereum yet only a small portion of the their market cap. Longterm Steem will be in top 5.
"Long term Steem will be in top 5." I could not agree more. Thanks for the support. Stephen
Stephenkendal, would you believe that Golos falls into the same category, as it is an official fork of Steem?
Thanks for staistic
By the way you are right
Steemit "...Something more Powerful..!!"
After 2 weeks of full time activity ,
I withdraw $100 Cash ( 51 SBD ) just from blogging
I’m really grateful for the support and I am honored to be a part
of steemit community.
https://steemit.com/bitcoin/@lordoftruth/steemit-something-more-powerful-usd100-cash-in-10-days-just-from-blogging
Have a great day
AWESOME..!! Well done and we are glad you are part of it. Keep up the great work. Stephen
nice post
Thank you and thanks for your support. Stephen
Thanks again for sharing