Hive continues to move up on the network activity list
With many dapps on Hive moving full speed, I have noticed Hive's operations per 24 hours has been on the way up. And just passed Tron for the first time. Special thanks to @guiltyparties for getting Hive updated on the blockchain tracking website.
Around the time of creation Hive was around 400,000 operations per day. At the time Splinterlands was still running on Steem, but a few months later the number one gaming dapp moved over to the Hive blockchain and doubled its operations to around 800,000.
splinterlands.com
@aggroed's and @yabapmatt's dapp
I made a post talking about speculation on when Hive will hit 1 million operations a day. And was hopeful this would happen right after the Splinterlands migration. Though it stayed a little under that estimation.
A little over 2 weeks ago Hive broke through 1 million network operations for the first time.
With the fork from Steem to Hive, there were some needed optimizations and with hardfork 24 we saw many of those applied. Though for a couple days things were running a little rough until all were addressed.
Since Hives first big update (HF 24) dapps running much more smoothly and I am seeing their activities way up. During Hivefest @crimsonclad talked about how NFT Showroom (A place to buy and sell art on the Hive blockchain). Saw volumes exceeding platforms like Rareable on some days, which is one of the top NFT dapps on the Ethereum blockchain.
nftshowroom.com
@juliakponsford's dapp
With Hive having 3 second transactions and no fees many in the NFT world have been checking out our chain. Trying to do such transactions on Ethereum can be 5x slower and expensive.
Having these two dapps (Splinterlands / NFT Showroom) have helped increase the activity rate on Blockivity. And with even more projects coming online I expect the number to increase further. It makes me quite happy to see it surpass Tron, as the Hive blockchain has dapps with uses more than just gambling and exchanges. Hive has the number one gaming dapp across all the blockchains. And with NFT Showroom it brings a whole new group of artists to the blockchain. Just like Splinterlands did for dapp gamers.
A year or so back I took a hard look at Tron and a few other coins that offered casino dividends. Coins such as EOS, ETH and TRON. I was seeing many talk about how they earn dividends from the casino profits on the chains mentioned above. But I also saw many exit scams occur and made me quite wary of investing. After doing much research I found really no basis for touching high risk investments like casino coins. I ended up just buying some EOS and ETH instead of those shady casino tokens that earn you a portion of their gains.
I did not buy Tron though, as when compared to ETH and EOS it seemed even more shady than the Casino coins themselves. I read about the POP network and how they were removed from the Tron blockchain. And other cases of well of removing dapps from the chain. A few links below to why I never invested in Tron.
https://medium.com/popnetwork/banned-from-the-blockchain-an-ethereum-developers-tale-of-migrating-to-tron-248a0d215c92
It was in competition with Bittorrent Token so it was removed from the chain.
https://ihodl.com/topnews/2019-04-01/tron-bans-gambling-dapps-japanese-market/
Another case of Tron banning dapps.
https://decrypt.co/38050/steem-steemit-tron-justin-sun-cryptocurrency-war
And of course what happened on Steem
I am glad I did not invest in Tron, and I think as Hive grows I will be quite happy I invested in this chain instead. With many more legitimate dapps popping up on Hive it will bring more users and attention to the chain. And as a user of the two dapps mentioned I really feel at home on this chain. And looking at many others just reminds me how special Hive is in that way.
Pretty informative!
Thank You!
Looking at all factors, I believe this is the right place as well!
And...
When it grows a bit more - "I believe all the current active members" are in a pretty good place!
Have a Great Week!
👍🏼😁🐝🌴🐝😁👍🏼
Thanks alot, glad you liked the info. Yeah I do too, even with the drama I think its the right place to be.. Every group has some, but I feel its dealt with well on this chain.
I noticed a while back that Hive had exceeded 1m transactions per day on @stateofthedapps and that still shows a lower number than Blocktivity. Good to see that it ranks so well though. I expect Splinterlands accounts for quite a few transactions. We really need a lot more people using the other dapps to get them ranking better. I hope it will take off in 2021. There were some new games and other developments announced at Hivefest.
Ah yeah seems blocktivity was having some calculation errors it ends up.. @holger80 did a post on this and @taskmaster4450 brought it to my attention.
Splinterlands is a huge part of these transaction stats, so makes sense. I think with HiveSQL being open to anyone now many more dapps will come online soon.
Hivefest did have some great talks, I learned from @arcange about how I mentioned HiveSQL is now free to use. It used to be on a subscription so only the top dapps with cash flow could afford its use.
I need to look into HiveSQL. Been playing with beem to do some queries. I've done plenty of SQL in my time.
Oh nice, I never went the way of a DBA, database admin so my knowledge on tables is quite limited. I have only done time series database collection for server metrics but I am sure theres a whole world in databases I need to learn about.
Love to see what you come up with, maybe an antiabuse tool would be good. Something that watches for duplicate posts, and maybe voting trail analytics to identify groups of abusers would be quite useful.
That's very cool and motivating!
I'm still quite new around here, but I already feel at home, I love the community and the possibilities I get here, NFT Showroom for offering my art, making valuable connections, reading super interesting stuff!
Hive is such a great project. It really deserves more attention <3
Ah glad you found this community, I really like the NFT Showroom as well. It was great seeing it have its own room during Hivefest.
And yeah the connections you make here are pretty nice, Ive talked many here and even met one person from the chain in real life!
I think it will gain more attention as alts rise in price. Low price keeps people from looking into things sometimes.. weird but true.
That's good news hive is best for me and I also play splinter land
Nice! Me too, I love the game.
With all this development, Hive just appears to me more and more undervalued!
I've no idea what kind of transactions occur on the three chains above us, something to research!
Yes I think so, many powerdowns of "free hive" from the fork has caused the price to drop in my opinion. But long term there will be less and less of that and it should rise as other alts do.
EOS, ETH and such above Hive are mostly Casino dapps or other high risk games. For all we know it could be just a money laundering operation, I dont touch those kind of projects.. seems all a little shady.
You'd like to think that about the former wouldn't you, but here we are back down at 11 cents something again, there just seems to be nothing stopping people selling Hive.
There's also finance on ETH at least - well swapping coins about - but it's still all 'money for the sake of money'.
I guess the world just isn't into 'the other functions of crypto' yet, hopefully that will change!
It is so sad to see the prize development especially when you compare to other chains, but we still keep the social community aspect where maybe also drama stuff is working aginst new investors - who know. Fingers crossed it will change.
Hive is undervalued. It's token waiting to blow up and people that aren't in it or leaving it now would just be working on a loss later on. Real value is being created here and most users have yet to realize the potential this blockchain can really do when going mainstream. It's a small pond right now but there's treasure in for those who stay for the ride.
Completely agree, I think due to most altcoins sliding down it made alot of shallow people leave the chain. I cannot blame them being crypto noobs but I have seen how altcoins cycles work over the years and I think Hive will see its moon eventually.
Its a one of a kind and nothing compares to it, for that reason it will probably do very well. Many have tried to imitate but nothing has pulled it off like Hive.
Glad you are here with us @adamada
Well even if Hive doesn't moon for a while I don't mind it being a relatively stable token especially HBD. I like volatility from time to time but not to the point where it makes me do frequent flash decisions to sell or buy. Hive let's me be chill about my cryptoholdings.
Plenty of similar blockchains popping up but it's the community that makes up most of the value really. I came back on this blockchain to start anew when I left inactive from the old blockchain. It's the community and people here that convinced me to join again. Not the money alone but that's good incentive too, I wanted to blog on some other social media site anyway, Hive just made my hobby more profitable and helped me learning more about cryptofinance.
Glad to have met people like you and the antiabuse efforts here. I would've lost faith in the platform sooner if there weren't any stakeholders that didn't tolerate milking rewards. That's really one of the main pillars why I still have faith on this blockchain.
Yeah it seems its found its supports quite nicely over the few months. But that all depends on if BTC drops, cause so will all alts. But if we see big BTC gains alts have always rallied behind it eventually.
I remember people complaining that their posts dont earn $50-75 anymore due to the token losing value during the bear market. They dont seem to understand if they just hodl their rewards and not sell right away at low prices they could see even bigger gains than when their posts were worth $50-75. So a $9 post these days could be worth over $100 in Hive tokens when Hive goes up quite a bit in value.
The only other chains I see is Blurt, which I am quite skeptical on. And any blockchain social media site that does not allow you to cash out such as Theta, Weku, Bearshares, Whaleshares, SOLA and maybe Blurt too as it has zero volume on exchanges. Those cannot compare to Hive for the simple reason you cannot withdraw funds. Steem does not count as yes you could withdraw funds but the witnesses can stop that any time they want and its happened before. So Hive is alone as the only true and honest social media blockchain.
Publish0x is the only other social media built around crypto I know of, and its not even a blockchain. Just pays you in cryptos that are working with publish0x.
Well glad to have you back here, I will always have memories of the old blockchain but now my heart is where Hive is. And antiabuse is very important to me as a long term investor. Glad I am a part of Hive-DR and glad I met you there. Look forward to downvoting together with the group for many years.
I find it absurd at times when people get conditioned to how much they earn. These complaints are often from people that didn't bought their stake or just feel entitled that they worked on their posts and deserve more. I like whatever rewards I get because I enjoy what I do. I bought my stake when Steem was trading around 4$ translated to 1169 in Hive right now.
I earned more now even when I was inactive for months and I wasn't even counting rewards. It's always in the back of my head whenever I'm interacting in the blockchain that my curation rewards are the baseline of what I earn and the posting rewards are whatever generosity I get from other stakeholders. Some people never bought their stake and milk as much as they can.
They don't have that sense of responsibility to treat the place as a real investment and just do content dumping like any other social blockchain similar in function. It's sad but this is reality.
True. I got solid doubts on Blurt anyway. No downvoting tool means any content dump,spam, abuse can just go free. The censorship argument doesn't hold weight because nothing is really censored on the blockchain. People just want to reward themselves for the most laziest way possible.
Only heard about it when I was investigating abuse for suspecting someone of plagiarism. Seems an ok site but I like spending my time on this blockchain more.
The feeling is mutual. But I hope there are less reasons we have to downvote over the years. Took me this long to reply, I spent my Holiday on a far flung area with no signal. 😄
It is pretty shocking how people show up with no investment in the chain and hope they will do as well as some dolphin, orca or even a whale. As the saying goes you gotta spend money to make money. And show the other stakeholders you put money where your mouth is.
Same here, I bought Steem when it was over a dollar many times. But also kept buying all the way down to the bottom. Looking forward to the day when I break even on all my coin investments. Some already have, others like Hive might take awhile.
And yeah downvotes are very important, without them a price bleed out will occur IMO when theres too many tokens being sold.
Publish0x is nice but my posts only make a few cents on there. Also suprised by how many downvotes I have gotten on there.. gun related posts seems to make that community weird and downvote me. Also my gaming videos.. weird.
Yeah I hope as time goes on people learn that Hive is not somewhere you can get away with tactics previous abusers have tried. If we stay on top of them I think it will keep them to a minimum.
Hehe no worries, hope you had fun far away.
Not to burst the bubble but @holger80 looked into this.
It appears the Hive transactions are being read twice (or it is read over 48 hours).
https://peakd.com/hive-139531/@holger80/verify-blocktivity-numbers-for-hive-and-blurt
damn! Well glad we have multiple eyes on it. thanks for letting me know, looks like some good research and investigation was done there. Good job @holger80
thanks for the heads up @taskmaster4450
Go HIVE Go.. To the Moon. Cheers
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100% agreed.. I think it has a bright future.
Nice update.
This give us picture of the blockchain.
Yeah I really like blocktivity for that reason... thanks much.
Great news
glad you liked it.
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There was an error at the output portion of the script which doubled the transactions and has since been corrected. The script is also being optimized to account for node downtime, which has been significant over the last few days.
Hive has fewer bot transactions than other chains because it's aimed at quality over quantity. The value of each individual transaction in terms of its utility is high in comparison.
Ah yes I saw @holger80's post on that. Was not aware at the time of writing this. Thanks for the feedback on it. Seems it's now going back to where it was previously.. haha got all excited for nothing.
Appreicate the comment, and the explanation.