Research: Only 10% of Bitcoin Cash (BCH) is used for transactions

June 8, 2018 Neer Varshney


When Bitcoin Cash (BCH) – a hard fork of the world’s apex cryptocurrency Bitcoin (BTC) – first took off last August, it promised to solve BTC’s soaring transaction fees and make cryptocurrencies a viable option for everyday transfers once more. But it appears hardly anyone is using it for its so-intended purpose. A new study by blockchain intelligence firm Chainanalysis suggests that most cryptocurrency enthusiasts still use BCH for investment purposes a lot more regularly than for transactions. Indeed, the amount of BCH held in wallets is 10 times higher than the amount of BCH used in transactions. In comparison,…

This story continues at The Next Web

Or just read more coverage about: Bitcoin

Previous Article
Facebook! Stop sending us lobbyists! demands European Parliament
Facebook! Stop sending us lobbyists! demands European Parliament

The European Parliament is sick and tired of Facebook refusing to properly answer its questions. After the ...

Next Article
Three things TCL needs to do in order to make the BlackBerry Key2 a success
Three things TCL needs to do in order to make the BlackBerry Key2 a success

I can’t think of a single BlackBerry device that’s been as warmly received by the tech press in the past te...