The last 24h's activity is 872,291 transactions and the CUI is 0.30%. So that roughly means Steem could handle x333 of this daily transactions right? Let's say 300000000 in a day. 300000000/24/60/60 is ~3500 tps on average for 24 hours to reach 100% CUI. But of course it could surely handle higher loads as it's in the white paper(they say 1k-10k or more) but at the moment I can't see the proof of 100k. Am I missing something?
If Ripple promotes themselves with 1500 tps that could be scaled up to the 50k Visa level, then why wouldn't the people behind STEEM promote this everywhere?
Thanks!
The last 24h's activity is 872,291 transactions and the CUI is 0.30%. So that roughly means Steem could handle x333 of this daily transactions right? Let's say 300000000 in a day. 300000000/24/60/60 is ~3500 tps on average for 24 hours to reach 100% CUI. But of course it could surely handle higher loads as it's in the white paper(they say 1k-10k or more) but at the moment I can't see the proof of 100k. Am I missing something?
If Ripple promotes themselves with 1500 tps that could be scaled up to the 50k Visa level, then why wouldn't the people behind STEEM promote this everywhere?