Don't forget about the Lightning Network
Re:Ethereum Proof-of-Stake
by kkielhofner on Thursday July 07, 2022 @12:22PM
(#32015976)
It's very difficult to determine transactions, addresses, etc on LN. I've searched far and wide I can't come up with accurate usage.
If you have suggestions for where to look I'd love to check it out!
Re:Ethereum Proof-of-Stake
by thinkmassive on Thursday July 07, 2022 @11:01AM
(#32014972)
> The all time high number of bitcoin network transactions in a 24h period is a bit less than 500k
…on chain aka “layer 1”
Re:Ethereum Proof-of-Stake
by kkielhofner on Thursday July 07, 2022 @12:20PM
(#32015954)
The L2s and high transaction rate chains don't look much better.
The all time high number of bitcoin network transactions in a 24h period is a bit less than 500k.
The busiest day for Bitcoin usage worldwide is roughly equivalent to the population of Modesto, CA.
Blockchain occupies so much of the conversation and generates such incredible amounts of hype very few people truly understand just how insignificant it is in terms of not only the global financial system but also the internet. As you say billions of users and billions of transactions.
It's almost as though people forget these networks are completely public and open - adoption numbers for any chain are a blockchain explorer away.