Altcoin News: One Address Made Half of the Transactions in the Bitcoin Cash Network over the Last Month

May 6, 2019, by Marko Vidrih on ALTCOIN MAGAZINE

Only one address in the Bitcoin Cash network is responsible for half of the transactions carried out during the last month, draws the attention of the user on Twitter.

According to some assumptions, the activity of the owner of this address may be due to the desire to create the appearance of demand for cryptocurrency payment capabilities among users.

This address began to be used on April 9, 2019, and since then has transferred more than 575,000 transactions. During the same time, 1.17 million transactions were recorded throughout the Bitcoin Cash blockchain. Thus, the remaining addresses accounted for 51% of transactions in the total amount.

A significant part of the transaction of this address is made to transfer the same amount of 0.00000731 BCH. At the time of publication, the total balance at the address is $1,253, the total amount of outgoing transactions is $20,673.

Recently it became known that the CEO of the Japanese corporation SBI Holdings intended to engage in the promotion of Bitcoin Cash, but abandoned this idea because of the controversial hard fork in the cryptocurrency network.

Author: Marko Vidrih