{"id":13956,"date":"2019-05-07T00:00:00","date_gmt":"2019-05-07T00:00:00","guid":{"rendered":"https:\/\/crypto-economy.com\/2019\/05\/07\/bitcoin-cash-bch-a-single-address-accounts-for-more-than-half-of-the-transactions-over-the-past-month\/"},"modified":"2023-08-30T08:46:11","modified_gmt":"2023-08-30T08:46:11","slug":"bitcoin-cash-bch-a-single-address-accounts-for-more-than-half-of-the-transactions-over-the-past-month","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/bitcoin-cash-bch-a-single-address-accounts-for-more-than-half-of-the-transactions-over-the-past-month\/","title":{"rendered":"Bitcoin Cash [BCH] \u2013 A Single Address Accounts for More than Half of the Transactions over the Past Month"},"content":{"rendered":"
A single Bitcoin Cash<\/a><\/strong> address has been responsible for close to half of the total transactions recorded on the Bitcoin Cash blockchain ledger over the past month. First reported<\/a><\/strong> by Twitter user @IamNomad, the Bitcoin Cash address is mainly transacting minute amounts of Bitcoin Cash usually of equal value.<\/p>\n The transactions seem automated as two to three transactions are recorded every second. Looking at a Bitcoin Cash block explorer<\/strong>, it seems the address first came online on April 8th of this year and has since received about $26,132 (89.806 BCH) and sent about $24,900 (85.567 BCH) as of press time. This means that the address has a balance of about 4.24 BCH equivalent to about $1,234.<\/p>\n The address has transacted more than 612,000 times over the past month as of press time and in that same period, the entire Bitcoin Cash network has recorded in excess of about 1.17 million. This represents about 52% of the entire network transactions.<\/p>\n Now it seems likely that this could be a deliberate attempt to prop up the transaction count of the network by a Bitcoin Cash sympathizer. As one Twitter commentator posited, \u201cIt’s the TVB, the transaction volume booster. You don’t want to make your cryptocurrency look useless, right.\u201d<\/em><\/p>\n