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We Know What They’ve Been Put Through: Revisiting High-scalability Blockchain Transactions

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Anthony Sassano | sassal.eth: "We show that 95% of the throughput on EOS was used for the airdrop of a valueless token, 82% of transactions on the Tezos blockchain were used to maintain consensus, and that only 2% of transactions on the XRP ledger resulted in value transfer." 😬😬😬 https://arxiv.org/pdf/2003.02693.pdf

8 replies, 132 likes


Syed Jafri: The latest FUD on EOS is a paper by a professor who regularly presents at Ethereum meetups claiming that the throughput of the blockchain is only 20 TPS. When you can't improve your own technology, looks like the answer is to bring others down. https://arxiv.org/pdf/2003.02693.pdf

10 replies, 115 likes


Richard Heart: HEX.win did 110x price!🚀M⬣⬣N: #EOS #XRP #TEZOS guys, don't read this. https://arxiv.org/pdf/2003.02693.pdf

19 replies, 68 likes


Amrit Kumar: This work is insightful specially from a scaling perspective for sharding chains e.g. @zilliqa, ETH 2.0, @NEARProtocol etc. Around 80% of current transaction volume are “simple” transactions that can be scaled w/o the need of very heavy machinery. @VitalikButerin @AlexSkidanov

4 replies, 64 likes


Amrit Kumar: Results on some other chains (https://arxiv.org/pdf/2003.02693.pdf): "95% of the transactions on EOS were triggered by the airdrop of a currently valueless token; on Tezos, 82% of throughput was used for maintaining consensus; and only 2% of transactions on XRP lead to value transfers."

5 replies, 58 likes


JunkoSuzuki: Someone With Huge Bags Of Zero Use Case (acedamic paper): #XRP, #BCH, #BSV, #LTC, #BNB, #EOS , #XTZ #XLM are Dumping Their Bags. Don't Sell or Trade Your #Chainlink it's in your best interest. When Insiders Are done Accumulating $Link Booms $1032.12 - $81k https://arxiv.org/pdf/2003.02693.pdf

8 replies, 48 likes


WrathofKahneman: Fascinating study about XRPL traffic. • 2% of tx's on ledger lead to value transfer • 18 accounts=50% of traffic. • 98%+ of this was OfferCreate stemming from a Huobi acct. (or descendants) using same destination tag, 104398 • 2mo observed #XRP $XRP https://arxiv.org/pdf/2003.02693.pdf https://t.co/cw9VGrjcty

1 replies, 43 likes


Mike Dudas: Whole lotta nothing: “95% of the transactions on $EOS were triggered by the airdrop of a currently valueless token; on @Tezos, 82% of throughput was used for maintaining consensus; and only 2% of transactions on the $XRP ledger lead to value transfers.” https://arxiv.org/abs/2003.02693

5 replies, 41 likes


Xinshu Dong: Interesting study. Conclusion: 95% of the transactions on EOS triggered by the airdrop of a yet valueless token; 2% of transactions on the XRP ledger lead to value transfers; for Tezos, 82% of transactions for maintaining consensus. https://arxiv.org/pdf/2003.02693.pdf

5 replies, 33 likes


evan.ethereum.eth: Paper by @danhper, Jiahua Xu (apparently no twitter), and @convoluted_code https://arxiv.org/pdf/2003.02693.pdf

3 replies, 24 likes


Tony D (P-Rep ICONPLUS): Research Paper 1⃣95% of the transactions on EOS were triggered by the airdrop 2⃣82% of throughput was used for maintaining consensus on Tezos 3⃣Only 2% of transactions on the XRP ledger lead to value transfers #ICON does not generate meaningless numbers https://arxiv.org/pdf/2003.02693.pdf?utm_campaign=ICON%20Newsletter&utm_medium=email&utm_source=Revue%20newsletter

2 replies, 20 likes


Amrit Kumar: Apparently, every block in Tezos needs 32 "endorsements" (basically consensus-related transactions) and hence contributes to 82% of the transaction volume. This % is relatively constant as you can see in the plot. I am curious about the green spikes though. Any ideas? $XTZ https://t.co/jcx2mtWK5Q

1 replies, 18 likes


XRPSCAN: https://arxiv.org/pdf/2003.02693.pdf One of the most detailed analysis of Oct-Dec 2019 $BTC IOU transaction spam on the XRPL. Happy to see @xrpscan referenced in the paper.

0 replies, 18 likes


Andy_SPQR ⚡️: “The bottom line is: the three blockchains studied in this paper demonstrate capacity to carry out high throughput; however, the massive potential of those blockchains has thus far not been fully realized for their intended purposes.” https://arxiv.org/pdf/2003.02693.pdf#page10

2 replies, 16 likes


JunkoSuzuki: https://arxiv.org/pdf/2003.02693.pdf Imperial college of London Academic Paper: 95% of #EOS trnsctn airdrop valueless 82% of #Tezos #XTZ throughput used 4 baking 98% of #XRP #Ripple transactions have 0 value Imagine Other Cryptocurrency Trying To Replace Date #btc #eth #chainlink $link https://t.co/LB1Q6UZewj

0 replies, 11 likes


Sebastien Meunier: #blockchain spam: * 98% of XRP transactions empty * 95% of EOS transactions triggered by a valueless token airdrop * 82% of Tezos throughput used for maintaining consensus #DLT #fintech ➡️https://arxiv.org/abs/2003.02693 https://t.co/ZSnWMmyI6Y

0 replies, 11 likes


Peter: Midweek read: are high throughput digital currencies XRP, EOS, XTZ being used for value transfer? Worth the time. https://arxiv.org/pdf/2003.02693.pdf https://t.co/dQrxu20jI8

2 replies, 9 likes


DefiMoon: @robnguyen90 @econoar This academic paper shows that almost nobody uses #Tezos outside of staking. https://arxiv.org/pdf/2003.02693.pdf "...82% of transactions on the Tezos blockchain were used to maintain consensus,..." $XTZ

0 replies, 4 likes


Ameer Rosic: An academic paper finds: 95% of EOS transactions from airdrop of valueless token 82% of Tezos throughput used for baking 98% of XRP transactions have 0 value https://arxiv.org/pdf/2003.02693.pdf

1 replies, 4 likes


nic carter: @tayvano_ this paper has good data on tezos usage types https://arxiv.org/abs/2003.02693

0 replies, 4 likes


Ben Livshits: We Know What They've Been Put Through: Revisiting High-scalability Blockchain Transactions https://arxiv.org/abs/2003.02693

0 replies, 3 likes


James NorskKiwi ICONation: @BijanBina @Haskell_plus @tayvano_ @remindmetweets @breitwoman @ArthurB With reference to your point about demand here are some actual hard stats and not an anecdote. 🤣 We have about 16% base inflation, staking return real yields are at ca 9% (returns - inflation % wise). Ao wtill lots or market demand, I imagine it'll be much higher for ETH 2.0 😉 https://t.co/18SR911lUa

0 replies, 1 likes


Tal Be'ery: Paid fees might be a simple metric for the true economic value of #cryptocurrencies. According to this, @terra_money should be considered. Source: @d0h0k1 https://twitter.com/d0h0k1/status/1257827157402738694?s=20 CC: @convoluted_code, @danhper https://t.co/RxrePwgUIN

1 replies, 1 likes


mediafrendzee: Imperial College research on EOS, Tezos and XRP: "The bottom line is the 3 blockchains studied in this paper demonstrate capacity to carry out high throughput... the massive potential of those blockchains has thus far not been fully realized.¨ https://arxiv.org/pdf/2003.02693.pdf

0 replies, 1 likes


Daniel: It's fairly easy to fake activity on a blockchain (just like it is easy to fake volume on an exchange). It can be detected by those who care to look for it. The paper below points out significant non-value transfer activity on 3 high-marketcap cryptos. https://arxiv.org/pdf/2003.02693.pdf

0 replies, 1 likes


Ameer Rosic: Not really a surprise.

0 replies, 1 likes


Peter @ Blockchain.com: Midweek read: are high throughput digital currencies XRP, EOS, XTZ being used for value transfer? Worth the time. https://arxiv.org/pdf/2003.02693.pdf

0 replies, 1 likes


BeyondBitcoin: Amrit: "i posted this specific pieace with a very specific context, but u need to read the paper to understand why because it doesnt represent what i mean...despite my posting this very specific portion"

1 replies, 1 likes


CryptoBusy: Fake News in the XRP Ripple Crypto Sphere again! Article: https://decrypt.co/28176/98-of-xrp-transactions-are-empty-says- Paper: https://arxiv.org/pdf/2003.02693.pdf XRP Ledger Transactions were taken out of context with some Crypto Journalists misleading with headlines. The XRP Ledger is stable. Look at the history! DYOR!

1 replies, 0 likes


Content

Found on May 08 2020 at https://arxiv.org/pdf/2003.02693.pdf

PDF content of a computer science paper: We Know What They’ve Been Put Through: Revisiting High-scalability Blockchain Transactions