In a new study prepared and published by Daniel Perez, a doctoral student at Imperial College London, Jiahua Xu, a University College London researcher, and Benjamin Lifchitz, chief developer of the Brave project.

The new study It tracks different types of transactions on the EOS, XRP, and Tezos blockchains while researching the purpose and value of transactions.

The researchers conclude that the above-mentioned chains process a lot of transactions, but most of them are basically useless.

The study found that the majority of transactions on the three blockchain platforms mentioned are worthless in many cases, as they are used in airdrops or in spam messages.

According to the study:

Our analysis reveals that only a small portion of transactions are used for value conversion purposes.

Read:Beware: A scam Cardano ADA wallet is being marketed on Discord

In particular, 95% of EOS transactions were triggered by an airdrop of a currently worthless token; At Tezos, 82% of transactions were used to maintain consensus in the network, and only 2% of transactions on the XRP blockchain make for valuable transfers.

The study also stated:

With EOS and XRP, the majority of transactions exhibit DoS-like characteristics, which are cyber attacks in which a large number of computers are used to obfuscate a website, or a service, and bring it offline.

Regarding XRP, the study says:

Transactions in the XRP blockchain during the observation period appear to have zero value transactions.

We learned that both the volume of transactions and the value of the token in the XRP ledger can be highly manipulated.

as reported Sourcethat XRP transactions are used to deceive cryptocurrency exchanges.

XRP is unique in that it can display transactions that were made partially by one party, unlike other blockchains that offer both ends of the transactions (sender and receiver).

According to the same study, Tezos transactions were analyzed, and the result concluded that most voting operations in the blockchain are the source of most of the volume of transactions.

Read:Ripple (XRP) has risen in value after hints of its inclusion on one of the most important trading platforms

The study says:

“For Tezos, since transactions per block are largely outpaced by mandatory recommendations, most transactions, 82% of which are occupied to maintain consensus.

Tezos is a quota rewards blockchain platform where people who hold Tezos coin can help keep the network running and vote on how it will change over time.

So, while transactions may not be of value, they may still perform a useful function.

The researchers conclude that the above blockchain has the potential to handle high levels of transactions, but the current use falls short of the potential.

Read also:

Fixed currencies set a record transaction volume of more than $90 billion in the first quarter of 2020

Ripple cryptocurrency processed $54 million in digital transactions to Mexico in one week