Taking A Closer Look
Yesterday when I was looking at the VeChain Stats I noticed that the number of transactions had not necessarily risen, but the number of clauses was mot definitely up. The number of VTHO being burned has risen and not just by a small percentage This adjustment to the burn mechanism was talked about over 2 years ago and nothing changed.
If we just do some basic calculations we can see the burn rate versus the number of transactions would normally be around 1.98 VTHO per transaction with the previous 3 days prior to the adjustment being 24/09 at a burn rate of 1.842 per transaction, 23/09 1.98 and 22/09 1.77. Yesterday being 25/09 we saw the burn rate at 3.73 per transaction and today 26/09 this burn rate is currently sitting at an average of 3.3.
Another noticeable change which stands out is the number of clauses versus transactions. A single transaction could have multiple transactions which is more than one transaction combining to make 1 transaction. A client that basically combines multiple transactions into one payment registering as a single transaction.
This first transaction highlighted above shows this clearly with 67 clauses (transactions) combined to make 23 payments or transactions. This you would expect to be a major user on the chain like a Walmart processing multiple transactions as a single payment.
Looking at today and yesterdays VeChain results yesterday nearly had 10 x the number of clauses versus transactions and today it is roughly around 8 x. The norm before yesterday was between 4 and 5 x. Is there a new client using the blockchain is what I am now thinking because that would make more sense.
The transaction versus VTHO burn rate is definitely up and expect to see this become the standard rate going forward. The number of transactions will be similar to yesterdays umber but the clauses are down which means for every block processed there is less VTHO being burned. I am still certain the new client that started executing transactions yesterday has multiple transactions combined in one transaction and why the clauses was way up. Looking at the numbers this tells us that the blockchain has just ramped up the number of transactions along with the burn rate and this is something worth monitoring over the coming weeks.
Surely if you were a blockchain you would be telling the world what you are up to, but this is VeChain and they actually do not need retail investors. When you have a target time line for big business this is what sets them apart from all the other crypto as they genuinely don't need us. VeChain is hob knobbing with the EU Government, UN and Fortune 500 companies so retail is irrelevant. This is why this investment you need to think slightly differently and look further than listening to others saying this is a dead chain because it is the total opposite when you look deeper.
We are all expecting VeCarbon to make an impact on the blockchain over and above VeChains other clients such as Walmart, DHL and BYD to name just a few. VeCarbon will add millions of transactions to the VeChain daily so looking at the current numbers with todays burn rate the blockchain needs to process 10-12 million transactions daily keeping in mind the 36 million VTHO created daily. This sounds like a lot because it is a lot lol , but at the same time is very doable and why you have to forget todays numbers. Adoption changes everything because the values of VET and VTHO will rise due to demand and not speculation.
Posted Using InLeo Alpha