Jacob Franek, cofounder and COO of Coin Metrics, discusses why each day transaction charges on Ethereum have surpassed these on Bitcoin, what each day transaction charges replicate usually a couple of blockchain, why this variation seems to be pushed by demand for Tether on Ethereum, and what forms of transactions individuals are utilizing Tether for on Ethereum. We additionally cowl Bitcoin vs. its forks — Bitcoin Money and Bitcoin Satoshi’s Imaginative and prescient — and whether or not or not the latter two have gotten medium-of-exchange cash as they hoped to be, why they’re getting used extra for knowledge storage and what sort of knowledge is being saved there.
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Episode notes:
Coin Metrics: https://coinmetrics.io
Jacob Franek: https://www.linkedin.com/in/jacob-franek-b9865039/
ETH each day transaction charges surpassed these of Bitcoin: https://cdn.substack.com/picture/fetch/c_limit,f_auto,q_auto:good/httpspercent3Apercent2Fpercent2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.compercent2Fpublicpercent2Fimagespercent2F92cbb3e2-4e28-4cd7-8557-db7eea1656c5_1200x742.png
For just a few months in 2018, ETH each day transaction charges had been larger than BTC’s: https://cdn.substack.com/picture/fetch/c_limit,f_auto,q_auto:good/httpspercent3Apercent2Fpercent2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.compercent2Fpublicpercent2Fimagespercent2Fd2e5e596-39da-4c3a-a6ec-6c4277e1d210_1420x878.png
Demand for Tether on Ethereum skyrocketing: https://cdn.substack.com/picture/fetch/c_limit,f_auto,q_auto:good/httpspercent3Apercent2Fpercent2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.compercent2Fpublicpercent2Fimagespercent2F632ba7b5-de3e-4a9d-b34c-d30a32486070_1200×742.png
Ethereum processes greater than 2x transactions per day than Bitcoin: https://drive.google.com/file/d/1QD82uclQKUQXp1WT12LMuqTVobkvNKEq/view
ETH locked in DeFi rising: https://twitter.com/spencernoon/standing/1174048582204309505
Fuel per transactions rising on Ethereum, indicating transactions have gotten extra advanced: https://drive.google.com/file/d/1Q53YFSgwSgtvvd346ARdbFV2ejwX8ZLX/view
Non-ETH/ERC-20/ERC-721/Tether transactions are additionally rising: https://twitter.com/glassnode/standing/1173647820580147203
Ethereum miners have been voting up the fuel restrict: https://www.etherchain.org/instruments/gasLimitVoting
Rising the fuel restrict successfully will increase the block measurement: https://etherscan.io/chart/gaslimit
Coin Metrics’ comparability of Bitcoin forks: https://coinmetrics.io/a-comparative-analysis-of-bitcoin-forks/#more-1865
Comparability of medium of change metrics for BTC, BCH and BSV: https://cdn.substack.com/picture/fetch/c_limit,f_auto,q_auto:good/httpspercent3Apercent2Fpercent2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.compercent2Fpublicpercent2Fimagespercent2F7af691e0-7ee9-4dab-aad3-9e0a8a651542_1048x876.png
BSV getting used for knowledge storage: https://cdn.substack.com/picture/fetch/w_1100,c_limit,f_auto,q_auto:good/httpspercent3Apercent2Fpercent2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.compercent2Fpublicpercent2Fimagespercent2Ff9d22b7a-c133-4086-a553-f7fbecb02227_1200×742.png
Virtually all BSV transactions come from weathersv app: https://cdn.substack.com/picture/fetch/w_1100,c_limit,f_auto,q_auto:good/httpspercent3Apercent2Fpercent2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.compercent2Fpublicpercent2Fimagespercent2F85817c8b-69a2-42ff-9174-ab4bb81c29e6_1200x742.png
Comparability of hash fee on BTC, BCH and BSV: https://cdn.substack.com/picture/fetch/w_1100,c_limit,f_auto,q_auto:good/httpspercent3Apercent2Fpercent2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.compercent2Fpublicpercent2Fimagespercent2F4e16275d-80aa-48ca-bb84-0ddf7929be49_1387x833.png
