Steem Beats Blockchain World Record: 646,711 Transactions In One Day by demotruk

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steem · @demotruk · Jun 24 '17 (edited)

$202.75

Steem Beats Blockchain World Record: 646,711 Transactions In One Day

https://upload.wikimedia.org/wikipedia/commons/thumb/c/c4/Official_World_Record.jpg/768px-Official_World_Record.jpg

On Tuesday 20th of June, Steem beat the world record for number of confirmed transactions in a 24 hour period.

https://steemitimages.com/0x0/http://imgur.com/bk7VUVY.jpeg

[Credit to @stephenkendal](https://steemit.com/steemit/@stephenkendal/breaking-news-i-am-pleased-to-announce-that-tuesday-saw-a-jaw-dropping-646-711-transactions-registered-on-the-steem-blockchain)

As far as I can determine, the previous record was just above 600k transactions, and it was held by our sister network BitShares.

![](https://steemitimages.com/DQmbfBofF77Vg3HUpsLHLSLH2hd4pYCCpzgzKiHoNEMxkoD/image.png)

In comparison, Bitcoin has never broken 400,000 transactions in one day.

![](https://steemitimages.com/DQmShMzr4RdWyTfrZkSeBs44iT25R58N3zqR9yGxhVvwrLL/image.png)

Ethereum managed to beat Bitcoin recently, but it's record is lower still.

![](https://steemitimages.com/DQmYCK7kbJeXCWQK2Kaqcm2m3qsCdLdhpmQJL24dyTPd1G8/image.png)

Can anyone find another blockchain being used in production making more transactions in a day?

Edit: On further information, it seems the record we broke was Operations Per Day. Transactions per day is a fair bit lower on BitShares than the graph suggests.

👍 fuzzyvest, demotruk, kaylinart, sean-king, trafalgar, exyle, rc3, tommyhansen, martin-wichmann, rea, jonathanyoung, dan-atstarlite, sandra, jason, fyrstikken, charlie777pt, johnnyyash, omarb, mandibil, stephenkendal, dennisschroeder, solarguy, marius19, geoffrey, iamstevechang, maneco64, ihashfury, mattclarke, kyriacos, thatgermandude, ivarketils, onlyvoluntary, themonetaryfew, ericarthurblair, playfulfoodie, gingenetwork, shortcut, mynameisbrian, inphiknit, malonmar, timothyb, livingfree, samuelson78, worstdevever, rxhector, ultimus, daxed, simon.braki.love, pqlenator, arconite, eqko, will-zewe, crypto-curt, yuslindwi, filow, smappy, crawfish37, anemona, azh, lcerm, condra, cryptogolf, steemit-life, grottbags, and 136 others

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@amanjain2k · Jun 22 '17

$0.48

Is this for real its becoming reality enjoy a new sucess

👍 demotruk

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demotruk	0 B		38,395,672,908	1%

@amri · Jun 22 '17

How about next week, whether it will continue to rise or vice versa

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@arjane · Jun 22 '17

$0.73

Woow thats good news

👍 demotruk, arjane

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@astral · Jun 22 '17

$0.38

And this is only the beginning!

👍 astral

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@available · Jun 22 '17

$0.48

This has to do with the HF19 new found wealth and smart guys buying steem for long term and this has really pushed the price of steem down but I'm certain those who sold out will be regretting in a week when steem is at $5

👍 demotruk

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@bibek · Jun 22 '17 (edited)

$0.50

Great news ...buy & store the steem ..one day you will be millionaire

👍 demotruk

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@boyelleq · Jun 22 '17

Nice post.....
Thanks ...
Succes for you....

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@brck · Jun 22 '17

$0.51

Thanks for the insight. Haven't heard of any higher tx/day to date, but it's surely a key metric to watch.

👍 demotruk

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@carry0n · Jun 22 '17

$0.57

That's awesome news! Thanks for brightening our day, upvoted!

👍 demotruk, bradley200

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@charles1 · Jun 22 '17

$0.53

A good news that reflects my recent  post today on how steemit will rule social media, check it out..wow, thanks for sharing

👍 demotruk, charles1

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@citizenpresscorp · Jun 22 '17

$0.57

Good news everyone... upvoted followed and resteemed!

👍 demotruk, citizenpresscorp

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@coinlend · Jun 22 '17

$0.23

Soon it will overtake facebook :D

👍 coinlend

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@correctdrop · Jun 24 '17

$0.43

This is very nice indeed!!

👍 demotruk, correctdrop

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@cryptobeze · Jun 22 '17

awesome

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@davidgideon · Jun 22 '17

$0.51

Yoo!!. this is good work, thanks for the update

👍 demotruk

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@dune69 · Jun 22 '17

$0.51

well done steemit and steemians

👍 demotruk

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@elevator09 · Jun 22 '17

a good post

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@enomujjass · Jun 22 '17

thank you for sharing

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@ernstjan · Jun 22 '17

$1.52

for the last week it only continues to grow. Awesome!! thnx to all of you out there!

👍 ernstjan, demotruk

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@exyle · Jun 22 '17

$0.51

These numbers are amazing! Thanks for sharing.

👍 demotruk

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@flatearth · Jun 22 '17

$0.59

Hurray for us :) STEEM NATION CELERATION !! :)

👍 demotruk, flatearth

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@fproductions · Jun 24 '17

https://steemitimages.com/0x0/https://steemitimages.com/0x0/https://steemitimages.com/0x0/https://steemitimages.com/0x0/https://steemitimages.com/0x0/https://steemitimages.com/0x0/https://steemitimages.com/0x0/https://media.giphy.com/media/bZiKl8gHjUiI/giphy.gif

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@fun-along-theway · Jun 22 '17

$0.50

WoW .. that really FEELS 'big' .. ?? - ))
.. that feeling that you're looking right at something ...
... yet i can't put my FingeR "IN" IT - ))
.. ha ha )))

ExplosivE GROWTH AHeaD !!! - ))
.. it's just getting stARTed !! - ))

nice post ! - )
.. exciting news - ))

LOVELOVELOVE )))
greb'Z )

👍 demotruk

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@demotruk · Jun 22 '17 (edited)

It feels big because it is big. All those other blockchains are either not doing or failing to handle transaction loads of this level.

If we measure transfers only, we still have a long way to go. We're approaching 5000 per day now, compared to Bitcoin's >300,000 per day. Even that comparison is messy because in Bitcoin there is a need to consolidate transaction outputs, move between separate wallets etc. which is not necessary in Steem. Even by transfers only, it's likely we will pass billion dollar networks like Litecoin fairly soon.

On transfers alone, we are already on par with Dash - all transactions. That's a billion dollar blockchain, and they have many more than just transfer transactions as well.

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@fun-along-theway · Jun 22 '17 (edited)

SO as the user interface here .. diversify's .. and the block chain disappears 
... the SHINNY-NESS ... of this place .. thROUGH the "E-YES" of the WORLD !!! - )))
IT will ONLY take one "FUN" and unEXPECTED monetization model ...
... targeting 12-18 year olds .... D'ONE !!!!! - ))
MaN-O-MaN !!! - ))
.. am i off ... ??? 
.. or did i just get excited writing that .. by fluke ?? !!!! - ))
WOW !! - ))
i started this thing last night ... any advice ?? - ))
https://steemit.com/introduceyourself/@fun-along-theway/following-you-the-following-fun-nel
.. input is welcomed ?? - ))

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@funkit · Jun 22 '17

$0.51

The good news is that it should be able to handle over 3000 tx per second. Bitshares, the older brother has been tested to such an amount.

👍 demotruk

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properties (23)vote details (1)

voter	weight	wgt%	rshares	pct	time
demotruk	0 B		38,389,148,516	1%

@fuzzyvest · Jun 22 '17

$0.51

please rsvp on beyond bitcoin hangouts sometime ;)

👍 demotruk, randomwhale, haji

properties (23)vote details (3)

@gaitan · Jun 22 '17

$0.56

And it handles transactions like boss, really fast

👍 demotruk, gaitan

properties (23)vote details (2)

@gmaktub · Jun 22 '17

$0.50

I am new to the world of steem, and the truth is not much about coins but these post are really good, help you to understand more about this world, greetings

👍 demotruk

properties (23)vote details (1)

@guyverckw · Jun 22 '17 (edited)

$0.51

wow, I am so pride of myself to be part of this record!
Next step will be taking over other social medias like Facebook, Twitter, Instagram, LinkedIn, etc.
Is this a result of HF19? Probably related, but not 100% due to it.
Fellow Steemians, please kind on posting posting posting, enrich Steemit with your content, please!

👍 demotruk

properties (23)vote details (1)

@altcointrends · Jun 22 '17

$0.57

I suspect that HF19 has a lot to do with it. When people start to see their voting strength increase, it's good motivation to create more content.

👍 demotruk, altcointrends

properties (23)vote details (2)

@demotruk · Jun 22 '17

Rather coincidental that it was on the same day...

properties (22)

@hms818 · Jun 22 '17

$0.60

Steem blockchain is creating history by handling such a huge volume of transactions....

👍 demotruk, hms818, octomez

properties (23)vote details (3)

@jondahl · Jun 22 '17

Good post...

👍 octomez

properties (23)vote details (1)

@jondahl · Jun 22 '17

Good information...

properties (22)

@jubilee · Jun 22 '17

$0.52

Another record breaking day on the blockchain, I'm sure it won't be the last :)

👍 demotruk, jubilee

properties (23)vote details (2)

@kamiaan · Jun 22 '17

amazing!

properties (22)

@lcerm · Jun 22 '17

This is awesome!  Thank you.

properties (22)

@lightproject · Jun 22 '17

$0.51

sorry to spoil the upbeat , but there are still questions to answer https://steemit.com/steem/@lightproject/did-last-hf-just-prove-steemit-is-regulated-not-decentralized

👍 demotruk

properties (23)vote details (1)

@demotruk · Jun 22 '17 (edited)

The devs only write code. It was only with the consensus of the network (via witness who are elected by stakeholders) that the change went through. The same consensus mechanism blocked HF17, proving that devs can only propose changes, not force them upon the network.

properties (22)

@lightproject · Jun 22 '17

Is steemit then  a Pseudo-Oligarchy Model?

properties (22)

3 replies

@lindo · Jun 22 '17 (edited)

$0.87

Great news thank you for stats resteem

👍 demotruk, steemcollator, lindo

properties (23)vote details (3)

@lovleacloud · Jun 22 '17

$0.51

Steem is going to the moon this is possibly the greatest thing to happen to the Internet. Steem is changing lives daily opening up endless opportunity for people. I thank everyone in the community support the movement that I'm also lucky to be involved. Steem all the way; nice post 🙏🙏

👍 demotruk

properties (23)vote details (1)

@demotruk · Jun 22 '17

Did you do an introduceyourself post? Link me here when you do.

👍 lovleacloud

properties (23)vote details (1)

@lovleacloud · Jun 22 '17

$0.50

No I haven't made 1 now that you mention it, I'm going to create one over the next day or two to post. I'll give you the heads up and hit you when I do. Thanks for the advice brother 🙏🙏

👍 demotruk

properties (23)vote details (1)

@lqss64 · Jun 22 '17

$0.51

Steemit is growing, more and more people joining and that's an excellent thing

👍 demotruk

properties (23)vote details (1)

@maneco64 · Jun 22 '17

$0.51

@demotruk Thanks for the update.

👍 demotruk

properties (23)vote details (1)

@melkay · Jun 22 '17

$0.85

https://vignette1.wikia.nocookie.net/bronyland/images/5/5e/Leeroy_Jenkins_twilight.gif/revision/latest?cb=20130616040838 

That is fantastic. On our way to being up their with FB and the boys for sure. :D

👍 demotruk, worstdevever, bradley200, rachelkhona, taoisimo, melkay

properties (23)vote details (6)

@melowd · Jun 22 '17

$0.58

What? Steemit is off the hook. Thanks for sharing.

👍 demotruk, bradley200

properties (23)vote details (2)

@mericanhomestead · Jun 22 '17

$0.49

This is the kind of news you want to hear about! GREAT!  It's catching on!  You think this is big now? Wait until we get a platform like SteemQ to go live.  BOOM! 

![gary-busey-thumbs-up.jpg](https://steemitimages.com/DQmYSdi9hZp4J75ekfTjcQvyjoxHYRcdsp1ycEhotCbSq6e/gary-busey-thumbs-up.jpg)

👍 demotruk

properties (23)vote details (1)

@mkdmrs · Jun 22 '17

$0.59

At some point youd think the big media companies will be buying steem power to get eyes on their content.   So many ways Steemit can grow.

👍 demotruk, mkdmrs, timmykmma

properties (23)vote details (3)

@mykos · Jun 22 '17

$0.51

Steem is going all the way to the top. Will be number 2 in value next to bitcoins.

👍 demotruk, mykos

properties (23)vote details (2)

@octomez · Jun 22 '17

it's really good

properties (22)

@oksanasemenova · Jun 23 '17

Thank you!)  @demotruk

properties (22)

@oliver.rivers · Jun 22 '17

$0.49

@demotruk, does every upvote count as a transaction as well? One question I have though is what does this tell me about steemit other than that it can handle a lot of transactions? Thanks

👍 demotruk

properties (23)vote details (1)

@demotruk · Jun 22 '17

Yes, every vote is a transaction. You can see a pie chart of the different transaction types and their frequency [here](https://steemdata.com/charts)

Aside from proof that the network is smoothly handling load of a level that others have difficulty with, it also shows that Steem is the blockchain with the most user activity (where bot actions are included as user actions, they are by proxy anyway).

properties (22)

@oliver.rivers · Jun 22 '17

@demotruk, makes sense. What would interest me even more are there any official numbers on traffic? That would be very interesting for me.

properties (22)

4 replies

@oliver.rivers · Jun 23 '17

$0.45

The more I am looking into this, the more I understand the importance of it. Looking into EOS right now. Very interesting concept.

👍 demotruk

properties (23)vote details (1)

@organiccacao · Jun 22 '17

$0.50

I am honored to be here and participating. Bless!

👍 demotruk

properties (23)vote details (1)

@panknil · Jun 22 '17

Thank you very much for such a wonderful post. you are really doing well my friend. Keep up the good work.

properties (22)

@paulag · Jun 22 '17

$0.51

fab news. the only way is up

👍 demotruk

properties (23)vote details (1)

@paulocouto · Jun 22 '17 (edited)

$0.50

Upvoted,  Resteemed and twitted!!!

https://twitter.com/substance596/status/877847756701749251

👍 demotruk

properties (23)vote details (1)

@pawnuts · Jun 22 '17

$0.50

Bitshares still holds the record. 680,000 transactions in one day set in May. https://steemit.com/bitshares/@steempower/bitshares-state-of-the-network-23rd-may-2017

👍 demotruk

properties (23)vote details (1)

@demotruk · Jun 22 '17 (edited)

Hmm, both using the same charting site. Do you know why the chart now only shows a little above 600k as the peak? I selected to include all transaction types.

properties (22)

@pawnuts · Jun 22 '17

$0.49

I don't, I can't look at the site right now but cryptofresh is known to be very buggy.

👍 demotruk

properties (23)vote details (1)

1 reply

@ramyar · Jun 23 '17

Great post..
Great news...!!! good analysis..!
m happy m on steem it..:P
upvoted and followed..!
m new to steem it, do give a visit to my account if possible :)
have a nice day..!

properties (22)

@rastalikelove · Jun 22 '17

$0.51

Great news bro goodjob

👍 demotruk

properties (23)vote details (1)

@rudystyle · Jun 22 '17

$0.50

Wow amazing and it's more amazing that I heard of Steemit only this month :). This is a sleeping giant

👍 demotruk

properties (23)vote details (1)

@shanzaylizay · Jun 22 '17

$0.58

thanks for this amzing post and the stats you always help of all steemian thanks again , upvoted

👍 demotruk, bradley200

properties (23)vote details (2)

@shenkawys · Jun 22 '17

Thanks

👍 shenkawys

properties (23)vote details (1)

@smappy · Jun 22 '17

$0.72

Are this only transaction with Steemcoin in it or what is included in this?

👍 demotruk, smappy

properties (23)vote details (2)

@demotruk · Jun 22 '17 (edited)

This is every kind of transaction on the Steem blockchain.

You can see a pie chart with distribution of transaction types [on this page](https://steemdata.com/charts)

The comparison is not exactly like for like across all blockchains. It means something different on every network. But only Bitcoin and the straight clones are limited to 'transfer' type transactions.

properties (22)

@stackin · Jun 22 '17

$0.52

You know what that means @demotruk... huge opportunity and success of steemit 🙌🏼🙌🏼🙌🏼

👍 demotruk, stackin

properties (23)vote details (2)

@steemcollator · Jun 22 '17

$0.89

Steem blockchain continue to clib against all odds reteem

👍 demotruk, steemcollator, lindo, ozmaga

properties (23)vote details (4)

@stokjockey · Jun 22 '17

$0.51

So Many People are just discovering STEEMIT and there is a waiting line to become a member. That bodes well for the Future of this Social Community.

👍 demotruk

properties (23)vote details (1)

@ozmaga · Jun 22 '17

Yes, it will be interesting to watch this puppy take off.

👍 stokjockey

properties (23)vote details (1)

@stuffy · Jun 22 '17

$0.48

Viva la Steem

👍 demotruk, stuffy

properties (23)vote details (2)

@sversus · Jun 22 '17

$0.51

Congrats!

👍 demotruk

properties (23)vote details (1)

@wekkel · Jun 22 '17

$0.50

Can you say: exponential?

![Exponential](http://mathinsight.org/media/image/image/exponential_function_two_to_x.png)

👍 demotruk

properties (23)vote details (1)

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haji	0	100%

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demotruk	38,389,101,325	1%
rachelkhona	4,179,207,100	100%
melkay	1,550,964,378	100%
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