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RE: Cryptocurrency Awareness Campaign: Steem Statistics [Speed, Volume and Scalability]
Thank you for your post! I must admit I do not quite understand what you mean by scalability? That it has only reached 0.1%? Could you please clarify, thank you!
That is just the amount of transactions steem is able to do without being under load so out of 100% currently steem is only under a 0.1% load meaning it has so much more room to grow
nice, great to know, thanks for explaining.
If it hits 100 %, then the network is overloaded, and the transfers will need to wait for another block. It is what's been happening with bitcoin, and why it is so expensive/takes a long time to get a transaction to happen. So we still have a long way before we get there!