The Ethereum network has documented a record 410,000 transactions over the most recent 24 hours – more than any Blockchain ever, sources say.
Vitalik Buterin the co-founder of Ethereum retweeted the data in Tuesday which showed 410,061 transactions completed which the reporting source ethgasstation says “I believe this is is the highest ever recorded for any public Blockchain.”
ETH transactions in the last 24 hours at an all time high (410,061):https://t.co/FWb9m1dtVp
— Vitalik Buterin (@VitalikButerin) August 15, 2017
The figures put Ethereum immovably ahead of Bitcoin in terms of transaction numbers, the latter confirming around 255,000 according to Blockchain.info.
Floating around $300 without significant wavering, ETH has remained fairly stable in price over the past week.
Bitcoin regardless proceeds to outperform the biggest altcoin many times over, standing out with the evident frenetic exchanging activity which is vigorously influenced by ERC20 token purchases.
In the mean time, Buterin rebutted criticism of the evident high costs for using the Ethereum Blockchain to store data.
Reacting to a separate tweet by Zcash Foundation direction Andrew Miller, the entrepreneur noted costs per kilobyte “may vary from $0.02 to $1.81,” contrary to Miller’s assertion of $0.50.
That depends. History or state, 20 gwei or 4 gwei or 1 gwei gasprice? Price may vary from $0.02 to $1.81 depending on context.
— Vitalik Buterin (@VitalikButerin) August 15, 2017
Jeff Garzik, former Bitcoin Core Developer, also lent his weight to supporting Ethereum costs.
