So ethereum is non functional due to 90k TX/h by ash

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bitshares · @ash · Jun 20 '17

$193.84

So ethereum is non functional due to 90k TX/h

# Quick recap 

Status ICO is currently clogging ethereum chain so hard that it's basically not functional. 


![download_20170620_214948.jpg](https://steemitimages.com/DQmQ6hmtmTqu9uDy8zgUfvfXUvnd7Vmpe4D7YMnGCornF8n/download_20170620_214948.jpg)

# let's do some math 

So 90000 transactions per hour can disable the blockchain. 

What if I told you, a certain blockchain tech would clear the whole 90k TX/h mess in less than 30 seconds for basic fees?

![Screenshot_20170620-215042.png](https://steemitimages.com/DQmZeFyaeeKByYY3e7Yc4ryUU42X8JnzDvYTFHCwaV1ktXB/Screenshot_20170620-215042.png)

# Hello BitShares my old friend :)

👍 steempower, troglodactyl, ajvest, thecryptodrive, vato, sweetsssj, vortac, chitty, ash, gigafart, nikolai, damarth, fran2k, jason, michaelx, tracemayer, billbutler, fricibacsi, mod-tamichh, rubenalexander, omarb, bangking, bycz, razvanelulmarin, syadastinasti, youngkim, tensorflow, isteemit, apparobotnik, andrew-bernbeck, graviton, bryner, raizen, michaeladamparis, expanse, m8586, bhokor, sunshinecrypto, ppitonak, steemuwe, bitcoin3d, spinner, superfreek, funkywanderer, annieb, sanevys, brex23, cptnsolo, beordo, btswolf, michael-fagundes, lawrenceho84, transhuman, sherlock2, saifulbahri, gaissa, sandra16, mf-tzo, zhmcl, clearshado, rnobrega, spikykevin, steemdrive, koad, and 39 others

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`author_curate_reward`	""

properties (23)vote details (103)

voter	rshares	pct
troglodactyl	2,211,406,860,613	100%
ajvest	823,099,801,041	100%
jason	174,155,875,161	100%
steempower	3,155,137,224,793	100%
bangking	78,569,931,141	100%
ash	426,582,832,998	100%
chitty	468,530,823,745	100%
suika	888,333,226	100%
nikolai	282,902,923,494	78%
mf-tzo	2,246,009,529	100%
bhokor	12,442,691,959	100%
mod-tamichh	88,152,407,950	100%
ppitonak	11,142,964,806	100%
vato	622,857,933,532	100%
fran2k	198,387,453,222	100%
zhmcl	2,185,184,291	100%
bryner	24,743,443,797	100%
apparobotnik	28,842,807,838	100%
billbutler	123,044,959,716	17%
writewords	511,829,411	22%
syadastinasti	52,475,815,429	100%
thecryptodrive	646,321,799,751	100%
omarb	86,899,413,343	21%
michaelx	170,181,697,856	100%
tensorflow	43,909,748,985	100%
andrew-bernbeck	28,321,522,628	100%
razvanelulmarin	69,557,652,417	53%
superfreek	8,576,291,182	100%
isteemit	41,447,081,307	20%
spikykevin	1,752,322,352	100%
michaellamden68	472,246,004	1%
sunshinecrypto	12,257,532,165	100%
expanse	14,426,478,928	100%
vortac	473,740,859,867	18%
pixelheldin	1,207,694,145	100%
annieb	7,111,945,773	100%
rnobrega	1,943,376,390	100%
bycz	74,182,472,402	100%
ubg	201,361,390	100%
steemuwe	10,477,737,013	100%
youngkim	44,549,340,900	80%
spinner	8,917,230,569	100%
steemdrive	1,570,588,349	100%
transhuman	3,184,419,306	44%
bledarus	686,495,025	100%
rubenalexander	87,153,659,493	100%
sweetsssj	514,773,613,208	80%
bitcoin3d	10,304,849,433	100%
funkywanderer	8,187,320,526	100%
damarth	254,431,338,716	100%
tracemayer	127,497,018,467	100%
syahhiran	184,631,767	100%
graviton	26,001,421,024	100%
lordgangler	282,213,903	100%
chessmasters	627,343,303	100%
sandra16	2,286,049,653	100%
fricibacsi	99,323,479,609	100%
michaeladamparis	18,250,025,129	36%
davidcurwain	632,828,535	100%
lawrenceho84	3,572,490,340	100%
koad	1,252,077,883	100%
m8586	13,023,417,685	10%
btswolf	4,810,784,233	100%
michael-fagundes	4,397,989,311	10%
saifulbahri	2,389,665,591	100%
braindizzle	269,064,296	100%
vitkolesnik	695,401,828	100%
tinanikolovski	691,461,319	100%
xallace	621,381,420	100%
beordo	5,256,778,519	100%
sanevys	6,419,392,540	25%
gigafart	313,761,255,857	20%
brex23	6,093,705,536	100%
cptnsolo	6,061,461,935	100%
gaissa	2,337,295,135	100%
clearshado	2,056,690,675	100%
newmarket65	268,672,007	100%
sherlock2	2,691,958,246	100%
raizen	18,502,606,299	100%
tylergreen	958,450,356	100%
driesba	1,073,655,486	100%
b1czu	1,160,708,522	100%
jeffreylikeyou	359,819,617	100%
jameslashomb	1,050,441,035	100%
adhoctoth	725,011,748	100%
moxxie	0	0%
thecynic	441,068,853	100%
drakos	406,214,309	100%
tb0t89	1,074,152,185	100%
zadima	255,355,545	100%
bazooka222	1,102,670,766	100%
wethesheeple1776	87,052,827	100%
asuleymanov	725,440,087	100%
teukukhaidir	197,319,281	100%
killzone	1,160,700,750	100%
engel42	1,160,700,712	100%
testlump	1,160,699,862	100%
mrjohnson	110,266,354	100%
ilay	1,137,483,901	100%
madkrieg	69,641,834	100%
bitcoin1488	0	100%
ronaldsteemit89	0	100%
deplorables	0	100%

@anett-and-robby · Jul 23 '17

Yes, that can be True. We notice that some Time ago, same problem Will occure with hackers. Do you plan to change to BTS only?

properties (22)

@asuleymanov · Jun 21 '17

Thank you for the info

👍 asuleymanov

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properties (23)vote details (1)

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asuleymanov	0 B		708,029,525	100%

@blackswith12 · Jun 20 '17

Thanks for your Information :D

properties (22)

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@damarth · Jun 22 '17

$3.82

How long would it be for steem blockchain?

What happen to ERC20 tokens if eth chain is congested all the time?

👍 damarth

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properties (23)vote details (1)

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@ash · Jun 22 '17

steem is as fast as bitshares

properties (22)

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@drakos · Jun 20 '17

https://i.imgflip.com/1r893y.jpg

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@wekkel · Jun 21 '17

It was already buzzing on this board a week ago that tx/s would cause a bottleneck in ETH. Its a surprise the bottleneck is already here so shortly thereafter.

And how bullish is it that inflows in cryptocurrency can barely be contained/processed?

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@driesba · Jun 20 '17

Same happened when Bancor launched, can imagine how big this is right now. 
Loads of people got stuck with bad 'shares', like me. 
I know it's fun riding the waves when a new ICO comes in play, but this one I skipped on purpose.

properties (22)

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@ash · Jun 22 '17

yup I skipped this one too...

properties (22)

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@drpuffnstuff · Jun 20 '17

And steem right? Then you can have Ethereum, Bitshares, and Steem all running on the mothership EOS!

properties (22)

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@ash · Jun 20 '17

Yep, steem can do it as well.

properties (22)

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@ilay · Jun 22 '17

So, there is the proof for such high speed of Bitshares?

👍 ilay

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properties (23)vote details (1)

voter	weight	wgt%	rshares	pct	time
ilay	0 B		1,160,697,858	100%

@ash · Jun 22 '17

http://docs.bitshares.eu/_downloads/bitshares-stresstest.pdf

properties (22)

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@ilay · Jun 22 '17

Thank you. I'll read it.

👍 ilay

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properties (23)vote details (1)

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ilay	0 B		0	100%

@ilay · Jun 22 '17

May be you should update post and include this paper into it.

👍 ilay

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properties (23)vote details (1)

voter	weight	wgt%	rshares	pct	time
ilay	0 B		0	100%

@izbing · Jun 20 '17

I'm getting ready to buy ether but I will not do it. Thank you ;)

👍 xd40guy

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properties (23)vote details (1)

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@ash · Jun 20 '17

Check bitshares :)

properties (22)

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@tudisco · Jun 21 '17

$0.02

why not? Price right now is good!

👍 tudisco

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properties (23)vote details (1)

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tudisco	0 B		1,731,909,178	100%

@lien2earth · Jun 22 '17 (edited)

Think he's being sarcastic; mocking speculators who don't put their coin where their mouth is.

properties (22)

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@killzone · Jun 20 '17

HODL! ETH breaks - > Money goes to BTC -> BTC breaks -> Money goes to BTS

properties (22)

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`permlink`	re-ash-so-ethereum-is-non-functional-due-to-90k-tx-h-20170620t202606929z
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@maxtill94 · Jul 12 '17

NEVERDIE ICO is LIVE. 
The first block chain based Virtual Reality gaming crypto! NEVERDIE coin will allow monetizing the game items in real cash economy game Entropia Universe. NOW game player can cash out their in-game money earned by playing game and can exchange NEVERDIE coin with other ERC20 tokens such as Gnosis, Golem, and Frist Blood.
https://steemit.com/ico/@maxtill94/nevedie-ico-full-analysus-why-you-should-buy-neverdie-coin-gaming-cryptocurrency-coin-comparision-with-gamecredit-mobilego-first
![KakaoTalk_20170712_143911675.png](https://steemitimages.com/DQmRJXzrjsbt6AWG1FCo3R6Lyvege68tGQnWDB7RipHUBBd/KakaoTalk_20170712_143911675.png)

properties (22)

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@newmarket65 · Jun 21 '17

Check Out My video of Why Ethereum is the future of the internet 
https://steemit.com/ethereum/@newmarket65/why-i-believe-ethereum-is-the-future-of-the-internet
Follow Me and I will follow you

properties (22)

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@newschannel428 · Jun 20 '17

$0.05

thank you for the nfo

👍 newschannel428

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`category`	bitshares
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properties (23)vote details (1)

voter	weight	wgt%	rshares	pct	time
newschannel428	0 B		3,481,765,607	100%

@raizen · Jun 20 '17 (edited)

$2.15

I still can't believe Bitshares isn't number 1 yet. Its tech outdoes all other coins by far, yet nearly everyone seems to ignore it.

👍 vortac, andrew-bernbeck, raizen, bitcoin3d, fourwiller, b1czu

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properties (23)vote details (6)

voter	rshares	pct
andrew-bernbeck	27,861,010,065	100%
vortac	78,984,059,968	3%
bitcoin3d	10,098,752,444	100%
raizen	15,518,314,961	100%
b1czu	1,137,494,352	100%
fourwiller	1,160,698,226	100%

@ash · Jun 20 '17

$7.72

It's slowly growing though!

👍 ash, raizen, b1czu

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properties (23)vote details (3)

voter	rshares	pct
ash	465,073,434,333	100%
raizen	18,144,491,339	100%
b1czu	1,120,083,724	100%

@ashaman · Jun 22 '17

Very slowly. Only up 10000% since the beginning of the year.

properties (22)

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@vortac · Jun 20 '17

$1.77

I guess it's easy to ignore more advanced techs when you have just a bunch of speculators on the blockchain. However, cryptos are going mainstream and true scalability will become issue no.1 very soon.

👍 omarb, andrew-bernbeck, b1czu

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properties (23)vote details (3)

voter	rshares	pct
omarb	82,554,442,676	20%
andrew-bernbeck	27,400,497,502	100%
b1czu	1,096,869,554	100%

@ash · Jun 21 '17

indeed!

properties (22)

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@engel42 · Jun 21 '17

$0.38

I expect to see comments on these speculator forums something like this:  What happened? What is this Bitshares? Why is it growing so fast? Is it also an eth altcoin? I don't understand... etc. :)  and yet, this is also a speculation but maybe a little bit more than that ;)

👍 andrew-bernbeck

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properties (23)vote details (1)

voter	weight	wgt%	rshares	pct	time
andrew-bernbeck	0 B		26,709,728,657	100%

@wekkel · Jun 21 '17

All good things take time.

properties (22)

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@razvanelulmarin · Jun 21 '17

A dark day for eth network imho and a bad omen for what is to come...Things are coming from behind and eth better adapt or get left in the dust of history :)

properties (22)

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@ash · Jun 21 '17

$0.25

EOS is coming...

👍 razvanelulmarin, steemuwe

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properties (23)vote details (2)

voter	weight	wgt%	rshares	pct	time
razvanelulmarin	0 B		9,936,807,488	8%
steemuwe	0 B		7,732,556,051	100%

@razvanelulmarin · Jun 21 '17

check my last post on it :)

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@sanevys · Jun 20 '17

Would it be wise to invest in bitshares in your sole opinion :)?

properties (22)

@ash · Jun 20 '17

$7.23

That's up to you :) bitshares offers the best tech, if you like to invest in utility

👍 ash, sanevys

properties (23)vote details (2)

@sanevys · Jun 20 '17

Yes I now that, would like to know your opinion? Have you invested?

properties (22)

3 replies

@testlump · Jun 20 '17

$0.73

You've got to make your own investment decisions. Bitshares is really solid tech, but Bitcoin has brand recognition  and Ethereum had a very successful marketing campaign. In the end, you've got to ask yourself which coin (or coins) *you* think will be successful over the longer term and go with that. If you're not convinced by one alone, you can always hedge your bets with a few.

👍 ash, sanevys

properties (23)vote details (2)

@sanevys · Jun 20 '17

Yes I now that, would like to know your opinion? Have you invested?

properties (22)

4 replies

@sherlock2 · Jun 22 '17

$0.03

What is it that makes the technology of Bitshares so much better than Ethereum? Do you maybe have a post on that? Just started following you!

👍 sherlock2

properties (23)vote details (1)

@ash · Jun 22 '17

DPoS makes it so much better. check bitshares.org to get a basic idea

properties (22)

@sherlock2 · Jun 22 '17

$0.04

I'll look into it and maybe invest some money in it. Thanks!

👍 sherlock2

properties (23)vote details (1)

@tensorflow · Jun 20 '17

I am little off of new shiny cryptocoins, can you explain what concept of bitshares lets process so many transactions faster than ethereum?

properties (22)

@testlump · Jun 20 '17

$0.52

delegated proof of stake (dPoS). Ethereum uses Proof of Work (same as Bitcoin).  See https://bitshares.org/technology/industrial-performance-and-scalability/

👍 beeskee, steemuwe, tensorflow

properties (23)vote details (3)

@thecynic · Jun 20 '17

great post @ash but does Putin back Bitshares? LOLL

properties (22)

@nedupaul · Jun 20 '17

Dont matter who backs what. Ethereum is just not ready yet for prime time. Enter EOS

properties (22)

@tylergreen · Jun 20 '17

https://www.youtube.com/watch?v=Yg03q100E4g

👍 kikousa

properties (23)vote details (1)

@wekkel · Jun 21 '17

I guess the upcoming launch of EOS - **also on the Ethereum network** - will immediately serve as an indication that EOS is needed als alternative to Ethereum 😄

Although 90,000 tx/s is impressive.

properties (22)

@xd40guy · Jun 20 '17

Good thing I sold and got Bitshares. :  )

👍 xd40guy

properties (23)vote details (1)

@lien2earth · Jun 22 '17 (edited)

Honestly think people are blowing this out of proportion. Technical aspects rarely affect market price for long. It'll probably break $400per within the week. While I see Bitshare remaining stagnant for at least 2-4 more weeks. But I could be wrong.

👍 xd40guy

properties (23)vote details (1)

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voter	rshares	pct
tensorflow	0	0%
steemuwe	7,877,089,809	100%
beeskee	24,673,595,097	100%

`author`	nedupaul
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