Study reveals Blockchain transactions of EOS, XRP and TEZOS to be worthless

The Cornell University report reveals that XRP, EOS and XTZ are used for bogus transactions.

Although scalability has been seen as a bottleneck for major projects such as Bitcoin and Ethereum, some of the most prominent technologies seem to be used only for SPAM.

Despite the significantly improved scalability claimed by many high-profile blockchain projects, there has been little effort to understand how their transactional throughput is used.

In this paper, the recent network traffic of three major high scalability blockchains, EOS, Tezos and XRP, over a period of three months is reviewed.

The analysis reveals that only a small portion of the transactions are used for value transfer purposes.

In particular, 95% of transactions on EOS were triggered by the airdrop of a token currently worthless; on Tezos, 82% of throughput was used to maintain consensus; and only 2% of transactions on the XRP ledger lead to value transfers.

Read article on https://www.bitconio.net/en/blockchain/study-reveals-blockchain-transactions-of-eos-xrp-and-tezos-to-be-worthless/