50% OF TRANSACTIONS IN THE BITCOIN CASH NETWORK IN APRIL REFER TO THE SAME ADDRESS

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 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 to 0.00000731 BCH. At the time of publication, the total balance at the address in question 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 had intended to engage in the promotion of Bitcoin Cash, but abandoned this idea because of the controversial hard forks on the cryptocurrency network.

The post 50% OF TRANSACTIONS IN THE BITCOIN CASH NETWORK IN APRIL REFER TO THE SAME ADDRESS appeared first on Bitcoin News.

from Bitcoin News https://www.cryptocynews.com/50-transactions-bitcoin-cash-network-april-refer-address/
via Bitcoin News
via Bitcoin News Today