Bitcoin’s Daily Transaction Surpassed By XRP For Over A Week In A Row Now


Bitcoin’s Daily Transaction Surpassed By XRP For Over A Week In A Row

It might be hard to believe but XRP, the third biggest crypto by market size has surpassed Bitcoin in terms of daily transactions. This is a huge feat by XRP as it has 1/8th the size Bitcoin.

https://twitter.com/haydentiff/status/1123793051082743809

Tiffany further added:

“In April, the average number of transactions per day was 543,561. Ledgers closed, on average, every 3.64 seconds. The highest number of transactions in a single day was 727,651. According to blockchain.com, 490,644 in December of 2017 is the highest number of txs Bitcoin has ever confirmed. The XRP LEdger processed more transactions per day than Bitcoin’s maximum for 22 out of the 30 days in April.”

XRP’s scalability capabilities are the biggest reasons for this trend. They are a capability to handle transactions of 1,500 per second. In contrast, Ethereum can handle transactions of about 15 per second, whereas Bitcoin is at the least at 3-6 transactions per second.

Many people as expected were shocked by this statistic. A Twitter user noted:

“It will be much more exciting when the number of payments per day exceeds Bitcoin. Most of these transactions are offer/remove offer transactions I believe.”

A Ripple software engineer clarified:

“A transaction is a transaction. Placing and removing offers takes time too and such transactions are more computationally expensive than the only transaction possible in Bitcoin: a BTC to BTC payment.”

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