Different statistics are used to measure the usefulness of a block chain. Transactions per second is a pretty common term. This measures the amount of throughput a block chain can handle at one time. Think of it like shoving a handful of peanuts through a tube. The amount of peanuts that actually make it to the other side is your throughput in that second.
This is basically the miles per hour or kilometers per hour of the block chain world.
What drives the real value of a chain though?
Let's ask some questions about ease of use and economic stand-points.
If you were new to this type of technology which address would you rather send to?
Option 1. 0x1CEf193cFC65D82370Aa84df113Cc0319A003de5
Option 2. fepxecwzm41t
I think the answer is fairly obvious.
If you bought a product online from two separate companies. Their shipping options are as follows:
Option 1. Receive your product in a week with standard shipping fees per order. $3 - $6
Option 2. Receive your product in a week for free. However, there's a $5 account creation fee that gives you a limited number of free shipping vouchers every month. Let's say 25.
I imagine most people will pick Option 2. However, if you never buy from this company again you may pick Option 1. Between the two Option 2 is a better deal if you use the company constantly.
You're standing in line at a coffee shop and you're in a hurry. You make your purchase and you have to decide which card to pay with:
Card 1. Transaction processes in about 3 to 15 minutes. It costs about $0.20 in transaction fees for each purchase. You can make as many purchases as you want as long as you can afford the fee.
Card 2. Transaction confirms near instantly but you have only 19 transactions available for the rest of the day with this card. There is no fee.
Both of these have their advantages. One has unlimited transactions per day while the other has a hard limit on the amount of times you can swipe your card. A combination of the two could be ideal, but since you're in a hurry Card 2 should be your go to card for this predicament.
You decide to take a road trip with no time limit and you have two cars at your disposal. Which one do you drive?
Car 1. This car can drive for as long as you want it to. You only have to pay for the gas.
Car 2. This car can drive a set number of miles per day for free. It will recharge every day.
If you want to get there in a hurry you would pick Car 1. If you're not in a hurry and you don't have a specific travel plan Car 2 would be a better option economically.
You've decided to become a business owner! You have two business plans at your disposal.
Option 1. Develop software that may or may not become a hit in the enterprise world. You only get paid when another company buys your program. You have to cover your electrical costs.
Option 2. Develop software for free for an established company. Anyone who finds your software useful can vote that you get a cut of cash from the established company. The established company will cover your electrical costs.
Option 2 is probably your best bet at a stable income. While Option 1 you may make it big if your software is selected for enterprise grade use.
You decided you wanted to use block chain technology for an enterprise grade security system. You will utilize this technology to control different doors inside of your building. You have about 10 employees total in this company. They are also software developers.
Each time you send a transaction to the chain it will either lock or unlock the front door for someone to enter. The door will remain unlocked or locked depending on the last transaction. The contract that controls this service is already deployed.
Option 1. Each transaction will cost you a fee. Account creation is free. You can pay more if you want your transaction to reach the other party much faster. You'll be sending your transaction to: 0x1CEf193cFC65D82370Aa84df113Cc0319A003de5
Option 2. Each transaction is free but you have a finite amount per day. 100 or so. Account creation is about $3 - 5. Your transaction will always be delivered within 5 seconds. Your finite supply can be increased through rental services if necessary. You'll be sending your transaction to: unlockmydoor
Option 1 will cost you a small amount of money any time the door is locked or unlocked. Your door may unlock between 1 to 15 minutes. Depending on the amount you paid for your delivery.
Option 2 won't cost you anything after the initial account creation. You can unlock and lock your door 100 times per day and your door will unlock near instantly.
Option 1. Ethereum
Option 2. EOS
Which one do you think fits the relative term of ease of use? Make your own decision.
