The Steem blockchain was just over 1GB as of May last year. Meaning that the Steem blockchain has increased by 40 folds.
That is an exponential growth of data.
Calculating the growth using an exponential formula gives us:
x0 = 1 gb
r = 4000% = 40 fold per year
t = 2 years
x(t) = x0 × (1 + r) t = 1×(1+40)^2 = 1,681gb
and in 3 years it would be 68,921gb
and in 8 years that would be 7,984,925,229,100gb, or the total size of the internet.
just an interesting thought.
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ah I see, I guess I misread that.
But the number of users increase, won't the total amount of the blockchain data increase exponentially?
with each added person, the amount of potential interaction is increased by an order of magnitude.
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The steem blockchain, as of now, can it support videos?
I read that the steem blockchain is built on top of IPFS, is that true?
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Ahh ok. Sorry for the late reply. But do you know how big the blockchain is now?
I want to see if there is indeed an exponential growth.
I'm also looking for this