Sunday, February 28, 2021
Only Bitcoin Market News
Advertisement
  • Home
  • Bitcoin
  • Market
  • Cash
  • Price
  • Beginners
  • Gold
  • Private
  • Cryptos
  • investors
  • Technical
  • Crash
  • spam
  • stock
  • Blockchain
  • Videos
  • Home
  • Bitcoin
  • Market
  • Cash
  • Price
  • Beginners
  • Gold
  • Private
  • Cryptos
  • investors
  • Technical
  • Crash
  • spam
  • stock
  • Blockchain
  • Videos
Only Bitcoin Market News
No Result
View All Result

Bitcoin Cash Transactions Intensify, Daily Count Nears BTC, Big Blocks Help Clear

4 weeks ago
in Cash
5 min read
Bitcoin Cash Transactions Intensify, Daily Count Nears BTC, Big Blocks Help Clear
Share on FacebookShare on Twitter


Just recently, the Bitcoin Cash community has been discussing the large number of transactions the network has been seeing on a daily basis during the last month. Statistics show that bitcoin cash daily transactions have been increasing every day since the last week of 2020. Bitcoin Cash miners have processed upwards of 300,000+ daily transactions on various days during the past week.

The crypto economy and myriad of blockchain networks have been getting a lot more attention during the last few months. Not only has a number of digital assets jumped tremendously in value, but many of these tokens are seeing increased usage as well.

More recently, Bitcoin Cash proponents have been noticing that the BCH chain is handling a whole lot more transactions than usual. Since the last week of December 2020, BCH transaction counts per day have steadily risen northbound and have come awfully close to matching the Bitcoin (BTC) network’s daily output.

At the time of writing, onchain data shows the BCH chain processed 282,010 transactions during the last 24 hours while BTC has processed 334,793 in that time. This shows that BTC is handling 3.87 transactions per second, while BCH does 3.26 at this transaction rate.

Additionally, statistics from messari.io show that bitcoin cash (BCH) is currently the fourth most active blockchain under dogecoin (DOGE). Most of the time during the last month, BCH was the third-most active blockchain.

In terms of settlement, during the last 24 hours data shows the Bitcoin Cash network settled $4.34 billion among 80,529 active addresses. On Friday, Bitcoin Cash supporters discussed the increasing transaction count on Reddit.

One thread noted that on January 29, 2021, BCH had 322.26k transactions compared to BTC’s 322.22k daily count. “Community growth and utility is on the rise, and that’s the most important thing,” the author of the Reddit post stressed. Another person dubbed the “Transaction Maximalist” wrote:

The same throughput but still $0.001 transaction fees. Cool.

Even with the increase in transaction throughput BCH transaction fees have not risen. BCH has a 32MB block size parameter and in September 2018, participants observed the chain processing upwards of 2 million+ transactions in a 24 hour period.

During this period of time in 2018, a time the community called the “stress tests,” BCH miners processed massively sized blocks all week long. Bitcoin cash miners still process very large blocks, while BTC miners still deal with the 1MB limit and segregated witness (segwit) improvements.

On Saturday, BCH supporters celebrated a large 4723.044kB (4.7MB) block at block height 672,532. The large block processed 14,910 transactions and with the 6.25 BCH block rewards only $25 in fees were paid for the transaction confirmation. Software developer Jonathan Toomim talked about the larger sized block on Saturday morning as…



Read more:Bitcoin Cash Transactions Intensify, Daily Count Nears BTC, Big Blocks Help Clear

Related articles

Institutional Investors Pile Into Crypto Exchange-Traded Products: Managed Assets

Institutional Investors Pile Into Crypto Exchange-Traded Products: Managed Assets

February 27, 2021
Bitcoin Cash USD On Bullish Momentum: 9.69% Up In The Last 12 Hours

Bitcoin Cash USD On Bearish Momentum: 11.81% Down In The Last 24 Hours

February 26, 2021
Tags: BigBitcoinbitcoin news todayBlocksBTCCashClearCountdailyIntensifynearsTransactions

Related Posts

Institutional Investors Pile Into Crypto Exchange-Traded Products: Managed Assets

Institutional Investors Pile Into Crypto Exchange-Traded Products: Managed Assets

by Bitcoin Market
February 27, 2021
0

The total assets under management across all crypto exchange-traded products (ETPs) worldwide have risen 50% this month to nearly...

Bitcoin Cash USD On Bullish Momentum: 9.69% Up In The Last 12 Hours

Bitcoin Cash USD On Bearish Momentum: 11.81% Down In The Last 24 Hours

by Bitcoin Market
February 26, 2021
0

Bitcoin Cash USD is currently on bearish momentum. At 06:05 EST on Friday, 26 February, Bitcoin Cash USD is...

Coinbase’s crypto holdings jumped ninefold last year to over $300 million as bitcoin

Coinbase’s crypto holdings jumped ninefold last year to over $300 million as bitcoin

by Bitcoin Market
February 25, 2021
0

Brian Armstrong, co-founder and chief executive officer of Coinbase Inc.David Paul Morris | Bloomberg | Getty ImagesCoinbase isn't just...

Bitcoin Cash, Ontology, Dash Price Analysis: February 24

Bitcoin Cash, Ontology, Dash Price Analysis: February 24

by Bitcoin Market
February 25, 2021
0

After market leaders Bitcoin and Ethereum regained key levels on their respective price charts, the larger altcoin market turned...

OKCoin CEO Defends Her War on Bitcoin SV and Bitcoin Cash – Decrypt

OKCoin CEO Defends Her War on Bitcoin SV and Bitcoin Cash – Decrypt

by Bitcoin Market
February 24, 2021
0

In brief In an interview, OKCoin CEO defends its controversial trading suspension of BSV and BCH. Craig Wright’s recent...

Load More

Trend Now

  • Trending
  • Comments
  • Latest
Crypto-Powered Social Media Platform Voice Planning Launch for July 4 | CryptoGlobe

Crypto-Powered Social Media Platform Voice Planning Launch for July 4 | CryptoGlobe

June 8, 2020
J.K. Rowling Twitter Storm shows the Crypto Ecosystem Needs to Mature – CityAM

J.K. Rowling Twitter Storm shows the Crypto Ecosystem Needs to Mature – CityAM

May 19, 2020
Argo Blockchain boosts mining margins in July

Argo Blockchain boosts mining margins in July

August 5, 2020
Institutional investors see Bitcoin holding US$50,000 suggests ETP provider

Institutional investors see Bitcoin holding US$50,000 suggests ETP provider

February 18, 2021
Bitcoin boom backstopped by central banks’ easy-money policies

Bitcoin boom backstopped by central banks’ easy-money policies

February 4, 2021
5 Cryptocurrency Staking Providers – A Review | Hacker Noon

5 Cryptocurrency Staking Providers – A Review | Hacker Noon

January 30, 2021
Argo Blockchain reports higher revenues and margins in August amid strong Bitcoin

Argo Blockchain reports higher revenues and margins in August amid strong Bitcoin

0
Bitcoin daily chart alert – Bullish chart pattern develops – May 19

Bitcoin daily chart alert – Bullish chart pattern develops – May 19

0
Calvin Ayre Invests in True Reviews: A New Take on Consumer Review Sites Built on the

Calvin Ayre Invests in True Reviews: A New Take on Consumer Review Sites Built on the

0
J.K. Rowling Twitter Storm shows the Crypto Ecosystem Needs to Mature – CityAM

J.K. Rowling Twitter Storm shows the Crypto Ecosystem Needs to Mature – CityAM

0
Crypto.com’s MCO Visa Cards Are Now Shipping In Europe – Fintech Singapore

Crypto.com’s MCO Visa Cards Are Now Shipping In Europe – Fintech Singapore

0
Elon Musk tried to explain Bitcoin to JK Rowling on Twitter and this happened

Elon Musk tried to explain Bitcoin to JK Rowling on Twitter and this happened

0
Argo Blockchain reports higher revenues and margins in August amid strong Bitcoin

Argo Blockchain reports higher revenues and margins in August amid strong Bitcoin

February 28, 2021
5 Reasons Bitcoin Is Superior to Gold

5 Reasons Bitcoin Is Superior to Gold

February 28, 2021
Grayscale’s Ethereum Trust Premium Follows Bitcoin Sibling Into Flipping Negative

Grayscale’s Ethereum Trust Premium Follows Bitcoin Sibling Into Flipping Negative

February 28, 2021
The $282 Million Awakenings: 120 Bitcoin Block Rewards from 2010 and 2011 Woke Up

The $282 Million Awakenings: 120 Bitcoin Block Rewards from 2010 and 2011 Woke Up

February 28, 2021
Bitcoin buyers punished by surging bond yields

Bitcoin buyers punished by surging bond yields

February 28, 2021
5 Things I Wish I Knew Before Getting Into Crypto

5 Things I Wish I Knew Before Getting Into Crypto

February 28, 2021
  • Contact Us
  • Terms of Use
  • Cookie Privacy Policy
  • Privacy Policy
  • DMCA

© 2020 MarketForBitcoin.com

No Result
View All Result
  • Home
  • Bitcoin
  • Market
  • Cash
  • Price
  • Beginners
  • Gold
  • Private
  • Cryptos
  • investors
  • Technical
  • Crash
  • spam
  • stock
  • Blockchain
  • Videos

© 2020 MarketForBitcoin.com

  • bitcoinBitcoin(BTC)$44,779.00-6.59%
  • bitcoin-cashBitcoin Cash(BCH)$460.91-7.72%
  • binance-coinBinance Coin(BNB)$213.09-7.18%
  • bitcoin-goldBitcoin Gold(BTG)$24.61-8.60%
  • bitcoin-privateBitcoin Private(BTCP)$0.603-18.98%
  • blocktixBlocktix(TIX)$0.0200.00%