RE: BitShares is Going to Dominate Crypto in 2018 - Here's Why!
Bitshares is currently running at 700,000 - 900,000 transactions per day, which is more than Bitcoin and Eth combined. And it is doing so with zero delays, zero security issues and transaction times that average ~ 3 seconds. If you value a crypto token by transactions, ie. actual real world use, BTS is the No. 1 crypto in the world by a huge margin. It has been stress tested to > 10,000 transactions per second and the current Graphene chain can handle 100,000 transactions per second.
The HERO contest kicked off July 4th and aims to increase BTS to ~ $300/BTS over the next 18 months. It sounds ridiculous until you understand what the contest is doing - taking a 5% cash savings account to the mass market. Can you image if you had an app, web wallet or desktop wallet that you could deposit your savings into and get 5% interest paid in realtime, with zero counterparty risk and instant liquidity? Right now the best you can do on a cash savings account is ~ 0.5%. The HERO contest is aiming to bring a gigantic flood of fiat that is desperate for a safe place to park wealth and earn decent interest.
Anyone buying BTS right now is likely to be very, very happy in a year or two.
It's happening! :) Prepare for takeoff.
BTS is doing 700k or so operations not transactions - and far fewer transactions - an arguably important difference. Steem is doing more transactions regardless tmk.
@ned hi there! I don't fully understand this. Wondering what difference does exist between operation and transaction. Thanx master.
Les statistiques, c'est comme le bikini : ça donne des idées mais ça cache l'essentiel ! - COLUCHE
I didn't want to translate such good words ;)
Fantastique
Correct you are - I think transactions are about 80k/day while operations are 700k. I'll admit I don't really understand the difference... but bottom line is that Graphene is really kicking ass compared to anything else on the market. BTS, STEEM and now EOS are going to absolutely dominate crypto in the next 12-24 months.
Sounds good, but why is the BTS price falling?
Maybe BTS can do better than Visa, but never get the chance to prove it, because bigger players control the market.
Pump&Dumpers are slowly loosing their BTS to long term holders. Just look at the long term charts.
The prices of all the altcoins are currently falling, probably due to the upcoming August segwit2x user activated soft fork. Many people are pulling out their money.
Thank you for your answer.
I agree with you about BitShares and hoping after some up and down it will get a bigger share of the market.
Hey there Dutch,
Can you please help me out in understanding the segwit2x better :)?
I read a post in bitcoin-magazine or something like that about this and that bitcoin would be implementing this in august and therefore the price would drop.
What I'm trying to understand is: does this only effect Bitcoin or does it effect altcoins as well? - I'm still trying to wrap my brain around block-chain technology so I'm having a hard time with this :s.
For example, I bought some Litecoin(LTC), Golem(GNT), Ripple(XRP) and Digibyte.
Anything, anyone, please help and advise me. You and your help/advice will be so much appreciated !!!
segwit2x is update for bitcon
so your other coins wount be affected.
simply explanation: segwit2x update meant to increase the number of transaction that bitcoin can make.
the fear is that segwit2x upgrade will cause many problems(to miners and ex.) that will lead to price drop.
hope you got it :)
(rate me plz :) )
Superior technology often wins in the long game. ie. Bitcoin
I like it has PoW but dont like it has ASICs...
Not exactly In the early days the superior betamax lost out to VHS .
But then magnetic video tape lost out to digital. I guess its a type of ebb and flow when it comes to innovation. Or at the least that's the way it was, maybe it will be different in the future.
Only time will tell.
What makes you think BTC is superior? It has inferior TPS and is based on largely obsolete tech at this point. We have seen several iterations of improvement in blockchain tech, currently culminating in Graphene.
yeah, the only thing bitcoin has is that it came first but technically lots of coins are better than BTC
and the 5 million ph/s securing it and most likely the most experienced blockchain dev team.
Nice work it's good
Yes 300 is not that far. In my case its about Aud 360 😁
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