So ethereum is non functional due to 90k TX/h
Quick recap
Status ICO is currently clogging ethereum chain so hard that it's basically not functional.
let's do some math
So 90000 transactions per hour can disable the blockchain.
What if I told you, a certain blockchain tech would clear the whole 90k TX/h mess in less than 30 seconds for basic fees?
How long would it be for steem blockchain?
What happen to ERC20 tokens if eth chain is congested all the time?
steem is as fast as bitshares
I still can't believe Bitshares isn't number 1 yet. Its tech outdoes all other coins by far, yet nearly everyone seems to ignore it.
It's slowly growing though!
Very slowly. Only up 10000% since the beginning of the year.
I guess it's easy to ignore more advanced techs when you have just a bunch of speculators on the blockchain. However, cryptos are going mainstream and true scalability will become issue no.1 very soon.
I expect to see comments on these speculator forums something like this: What happened? What is this Bitshares? Why is it growing so fast? Is it also an eth altcoin? I don't understand... etc. :) and yet, this is also a speculation but maybe a little bit more than that ;)
indeed!
All good things take time.
thank you for the nfo
What is it that makes the technology of Bitshares so much better than Ethereum? Do you maybe have a post on that? Just started following you!
DPoS makes it so much better. check bitshares.org to get a basic idea
I'll look into it and maybe invest some money in it. Thanks!
So, there is the proof for such high speed of Bitshares?
http://docs.bitshares.eu/_downloads/bitshares-stresstest.pdf
Thank you. I'll read it.
May be you should update post and include this paper into it.
I'm getting ready to buy ether but I will not do it. Thank you ;)
why not? Price right now is good!
Think he's being sarcastic; mocking speculators who don't put their coin where their mouth is.
Check bitshares :)
Good thing I sold and got Bitshares. : )
Honestly think people are blowing this out of proportion. Technical aspects rarely affect market price for long. It'll probably break $400per within the week. While I see Bitshare remaining stagnant for at least 2-4 more weeks. But I could be wrong.
Thank you for the info
Thanks for your Information :D