Hi everybody
I'm wondering how big is the etherum network where the bulk of ICOs are rely on it? how all these ICOs would produce their own services withEth contracts?
thanks
in terms of size, do you mean nodes? i believe at present there are about 6000 nodes. between them, they can process a transaction with about 15 confirmations across the network in 8 seconds. the speed will increase and also the number of transactions possible per second up to the thousands.
all ICO's are basically making applications which are known as dApps (decentralized applications). they only rely on the network for transactions. the smart contracts are deployed on the network to complete the transaction but the work is done within the dApps on their websites.