๐ FlaminGirl Technical Observation on Why Steemit is going to the Moon!!!๐
Dear steemians,
Today, I want to share with you the FlaminGirl Technical Observation on why Steemit is going to the moon!!!
A few months ago, I discovered Steemit and the world of cryptocurrencies. I started blogging in September 2017 and I invested some of my money on Bitshares.
This world is new for me so, I read every day to know more about the subject. Fortunately, there are many people on this platform who do a great job and write really interesting articles about cryptocurrencies.
To help me to see more clearly, I use this prodigious website: http://blocktivity.info/.
Thanks to this website, I can offer you this technical observation today!
What is the best way to consider the value of a blockchain project?
Obviously, there is market capitalization. But observing activity on the blockchain is probably the closest way to the real value.
If we look today at what is the most used project by people, we see that number One is STEEMIT.
Moreover, he has just broken a record of 2,068,341 Transactions!
Its market cap is only $ 1.2 Billion, and we can see that it is actually only 0.13% of its total blockchain processing capacity.
If we compare with BITCOIN, which has a market cap of 169 Billion dollars, we can see that it performs on average 6 times less transaction than Steemit. Even with much fewer transactions processed, Bitcoin is already saturating (100% of its capacity) with tens of thousands of transactions waiting for confirmation.
We can see that its growth is really limited.
In summary, Seemit and Bitshares, all based on Graphene technology, have an incredible potential! This is the reason why I invested my time and my money in these two cryptocurrencies.
FUD and HYPE are responsible for the "misplaced" capitals in the cryptocurrency space.
Blocktivity provides a clear comparison of capitals and real public adoption or activity in the blockchain.
This website allows you to see in real time which project is actually used by people.
Which, in my opinion, is the best predictor of the future value you can have.
What do you think my dear steemians?
When will it the 3,000,000 transactions target???
Keep Steeming my friends!
๐ FlaminGirl ๐
Steemit to the moon ^^
@Flamingirl is launched by Kim Jong-un :D
hahaha nooo by spaceX :'D @bert0
๐๐๐๐ Really Good comment @bert0 !!!!! ๐๐๐๐
I love it !!!!!! Can I use it ???
Thank you sooooooo much @red-panther
๐ ๐ ๐
Thank you for your upvote i really appreciate it :) Yes you can use it no problem @flamingirl . I really love to put some thoughts and a few more minutes to create a creative comment. So when ever you see any of my comments with a nice picture or animation under one of your articles you can use it :) No problem at all.
Thank you for your nice comment, I really appreciate it :)
Count on me! It is always a pleasure to reward the efforts of others!
I do not know how to do this kind of gif so I will use yours with joy;)
I follow you!
Thank you very much :) I did another animation on your restaurant story ^^
Steem is undoubtedly the king of transactions.
What make steem stands strong for me, The use case.
We are hodling steem power. We are using it to help and share and grow steem.
So many applications are plugged to steem to enhance the end user experience.
I remembered a few months back. There was an issue with steemit.com
Nobody can log in to post or do anything.
It was a ddos on the site steemit.com
It didn't stop us.
busy.org works fine.
esteem was working fine.
Now we have a lot more plus SMT.
Sky is the limit on what we can do with steem.
Good post to keep us in line with what we have all steemians.
Keep on steemin'
I totally agree with you my friend and I can not wait for the new version of steemit !!!
thanks for your sharing
I like steem for all the reasons you described! Plus the social aspect of steemit makes for a long term winning combination in my opinion! Thanks for the post!
Why are people putting so interested in the transaction count? Sure, it's a major issue for BTC and was an issue for ETH, but is it a good indicator of steem price?
I'm sure we will hit the 3 million transaction target sometime this year
2018 will be a great year for steem,thanks for sharing.
I think it will reach 3 million transactions pretty soon growth is usually exponential.
Yes, to the moon we go!
I hope !!! ๐๐๐๐๐๐ ๐
There is a lot chitter chatter out there but I think this is some well thought, clear insight. Very unselfish of you to share. Will upvote
Thank you my friend for your interesting comment. Have a great day and steem on!
๐ FlaminGirl ๐
I am really optimistic as well. According to alexa.com steemit is 554 ranked in most visited websites in USA. That's an accomplishment for sure! #gosteem
Iโm in the website business, this is a great accomplishment!
OMG! 554 ranked in most visited websites in USA!!! ๐ ๐๐ ๐๐ ๐๐ ๐
While the amount of activity on the Steemit blockchain is definitely important, I think it's even more astounding that there are almost no scalability issues like we've seen with Bitcoin and Ethereum.
Sure, there might be some bandwidth issues for new users, but this seems like a rather small issue if you look at the grand scale of things.