Ethereum Now Handles More Transactions Than All Digital Currencies Combined
November 23rd, 2017I’ve added an Ethereum address to the Support page, for anyone who wants to help out Cryptogon with Ethereum. And thanks to the people who sent Bitcoin, Bitcoin Cash and regular currency contributions recently.
Via: Trusted Nodes:
Ethereum, the barely two years old digital currency, now processes more transactions than all other digital currencies combined, including bitcoin.
Ethereum currently processes 52.3% of all cryptocurrency transactions, followed by bitcoin at 33%, while Bitcoin Cash, currently third in market cap, is handling only 1.8% as pictured above.
More than half a million transactions were processed yesterday by ethereum, a level that is now becoming common for the platform, rising considerably since early last year when it stood at just 10,000.
While bitcoin is currently processing around 330,000 transactions, with no change in volumes for an entire year despite considerable growth and a claimed increase in capacity.
Bitcoin’s transaction levels have been moving very much in a straight line due to a limited 1MB capacity. Although segregated witnesses (segwit) claimed to double it, in effect it has added as good as no capacity since its activation in August 2017.
