How To Monitor Cryptocurrency Transactions & Their Ability To Scale: Use To Evaluate Whether Crypto Will Last

There is a tool that allow you to check the total transactions for the top traded cryptocurrencies. It is called the (Block'tivity Report). I used this report to evaluate the ability of #cryptocurrencies to scale (which is a crucial factor in determining whether a specific business model is sustainable).

I actually wrote an article that drew upon this report. You can review the entire piece at PMNcoins . I used the report to demonstrate how from a #scalability perspective #STEEM is a better buy than Ethereum and Bitcoin in the long run. Of course other factors need to be considered but it definitely demonstrate that STEEM can handle lots of transactions.

The figures below offer examples of the type of data you can extract:

Yes, it's true, #Ethereum did process 1,115,461 transactions; however, it struggled to handle the load, using over 43% of its network capacity. See below.

Meanwhile, #Steem handled the load like a champ, using only 0.09% of its network capacity.

Even worse, #Bitcoin used up 100% of its capacity with over 118,968 transactions left unconfirmed.

To read the full article visit https://www.pmncoins.com/index.php?option=com_k2&view=item&id=319&readmore=1

Follow me on Twitter at http://www.twitter.com/matrixthinker

ABOUT MATRIX THOMPSON:

Matrix Thompson is a serial entrepreneur and Internet guru. Matrix has a keen interest in researching and analyzing new, disruptive Internet technology with an emphasis placed on social rewards, cryptocurrency, crowd funding and influencer marketing. Once analyzed, Matrix puts highly complex arguments or solutions into a language easily understood by anyone, and provides real-life examples or tools one can engage to design, implement and deploy successful projects. Follow Matrix on Twitter at http://www.twitter.com/matrixthinker