Comparing two blockchains is absurd. Every blockchain is unique in its own way and they all have their own merits and demerits. But still, there are some parameters, based on which we can compare the different blockchains available today. One of these is the total transactions handled by a blockchain. Also, the amount of the processed transaction gives a clear picture of the size and efficiency of the blockchain.
With this in mind, we can say that the Ethereum blockchain currently dominates, as the network has processed over $29 billion in the last 24 hours, which is more than the value processed by six other major public blockchains combined – Bitcoin, Bitcoin Cash, Litecoin, Dash, Bitcoin Gold, and Ethereum Classic.
But it should be noted that this number is not only about ETH tokens, but also includes all the ERC20 tokens. Because of the efficiency of the network, many major emerging tokens like Tron and even Tether-issued USDT and EURT are now based on the Etherum blockchain – the total processing amount includes all of them.
Though the total transaction amount is appealing, the focus point should be on the total number of transactions the network is handling on a daily basis. Well, in this area too, Ethereum excels with flying colors.
Since the end of December ‘17, Ethereum has been handing over a million transactions on its network quite efficiently. For the market leading Bitcoin blockchain, this number is a mere 240,000.
