I posted earlier about Steem doing 250,000 transfers in a single day yesterday, and briefly compared that to Bitcoin and Litecoin.
My first thought afterwards was "well, Steem has a lot of wallet spam". People often send transfers with a minimum value, as well as a memo, in order to get users attention. In that case, we can't really compare it to Bitcoin transactions. So I asked @abh12345 to pull some data, and the chart above is the result.
As you can see, only 12% of the transfers were for minimum value. Very low value transfers of 0.01 Steem or SBD (a half penny or a penny depending on denomination) or less account for merely 14.9% of transfers. While most transfers are low value, that is to be expected, and historically has been the case on Bitcoin until recently as well.
Conclusion
Wallet spam accounts for a low portion of transfers and does not account for the growth of Steem transfers.
This is awesome. A message we should try to get ‘out there’, maybe in a cool infographic comparing transactions on other blockchains.
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Let's start by sharing on Twitter :-P
https://twitter.com/EoinCarroll50/status/1116016232543727618
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Very interesting.
I think that:
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There were also some transfers of above 1000 Steem, up to 400,000, however the number of them is small enough that it doesn't show up on the chart.
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That's pretty impressive! Seems like this would be a really good statistic (and post) to bring to the attention of @nathanmars and the group conducting current Steem awareness campaign on twitter.
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I wonder if it is fueled by the gaming apps?
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Yes, that does seem to be the driver of it.
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Great proof of the capability of Steem to handle efficient and frictionless microtransactions fpr businesses and other users.
We will make this a cornerstone in our communications with businesses outside of Steem at the Steem Business Alliance.
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Interesting
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This shows that Steem is still number one defeating Litecoin and Bitcoin even though the price is still low..😊
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This is awesome to hear. The fact that it is not spammy. Steemit is growing and will continue to grow
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Definitely shows positive growth! It will be awesome if #Steem follows #BTC #ETH, and #LTC #ToTheMoon!🤑
We can have HIGH hopes right!💯🚀❤😂
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One million of transactions xDay in the steem blockchain according to https://blocktivity.info/.
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This post is about transfers, not transactions
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thx for the data!
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