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RE: Sure 24 Transactions Per Second Is Fast Hahaha
On http://blocktivity.info it is about transactions. For Steem that would mean it can do about 3200 per second at full capacity. Just like Bitshares. In operations that would be three times that number for Bitshares. Close to 10K per second.
Ethereum and Bitcoin are performing at full 100% capacity and have transactions on hold.
Bitcoin can do about 3 txps, Ethereum about 12 txps. Even if they can do three opertations per tx, than it would be 9 and 36 versus 10K of Bitshares.
It is clear that both Ethereum and Bitcoin have a huge challenge keeping up with demand.
And DPOS blockchains really outperform them on many levels.
Seems to me the facts are all there.
The only thing that sucks is that I thought there will be more tx on steem by now. It seems like we have a lot of advertisement to do :-)
It has growth potential. :-)
And I do expect its txs to rise a lot once Smart Media Tokens go live.