BLUF: BitShares is a beast.
Yesterday was an amazing day for BitShares. Not only did we hold the #1 spot for the highest gains in a 24 hour period on coinmarketcap.com, but apparently the DEX was on fire as well.
If you check blocktivity.info you will see that BitShares processed 1,513,024 transactions in a single day. This is a brand new record for the BitShares blockchain. That number is amazing when compared to some of the other way more popular blockchains. For example, during the same 24 hour period, Bitcoin processed 220,191 transactions (TRXs) and Ethereum processed 780,618 TRXs.
An extremely important factor to keep in mind is the capacity of an individual blockchain. Yesterday, the TRXs that were processed on the Bitcoin blockchain took up 46.34% of the total TRX capacity while Ethereum TRXs took up 100% of the blockchain capacity plus an additional 28,477 unconfirmed TRXs. Even though BitShares set a new ATH (all-time-high) record, it did so by only using .13% of its total network capacity. That's less than 1% of the total capacity which means BitShares is fully capable of scaling to amazing levels without breaking a sweat. While other blockchains struggle to scale, BitShares has been this way for years.
As more companies build on top of BitShares, we can expect to see new records set on a constant basis.
Blocktivity.info
Coinmarketcap.com
