EOS has achieved a major milestone by breaking through the 100M operations per day barrier, surpassing it’s own previous record. Certainly no other blockchain has come close to hitting this ceiling, assuming they’re even capable of reaching that many on-chain operations. As of writing EOS is now doing a little over 110M operations and it seems it may go even further than that as BPs enable the EOS VM JIT onto more BP nodes.
The EOS VM JIT is a compiler for smart contracts which compiles code for smart contracts into an optimized file that can easily be interpreted by the EOS Virtual Machine (VM). As more BP nodes introduce this function, the faster operations can be processed on-chain. In other words, EOS is about to carry out more operations per day and will surely break through even higher transactions per second (TPS) barriers as well as in a day.
To put things into perspective, EOS now does as many operations a month as the next top nine blockchains combined do in an entire year! Expect this figure to improve in the coming weeks. EOS is steadily catching up to Visa’s 150M transactions a day and I confident it will surpass Visa by the end of 2020. Yes, EOS is going to surpass one of the worlds biggest payment services companies in the world; just 2 years since its inception.
What does this mean? It means we’re getting closer to being fully ready for mainstream adoption, and at this rate EOS is well ahead of schedule in my opinion. Especially when you realize how far behind other blockchains are. The foundations had been laid and now we’re starting to see the cement dry up, soon enough the world will be building complex applications on top of the EOS foundation.
You can keep track of these blockchain metrics, for all blockchains, on Block’tivity which has this to say about the real value of Blockchain’s:
One way to consider a blockchain project is through its market cap. Another way, closer to the real value, is observing the activity on the blockchain. Lots of FUD and HYPE are responsible for “misplaced” capital in the cryptocurrency space. Here, we are observing which project is actually being used by people, which is in our opinion, the best predictive indicator of value you can have.Block’tivity
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