Advertisement
AD

Main navigation

Shady Bitcoin Cash Address Raises Questions About the Network’s Real Activity

Advertisement
Mon, 6/05/2019 - 14:39
Shady Bitcoin Cash Address Raises Questions About the Network’s Real Activity
Cover image via 123rf.com
Read U.TODAY on
Google News
Contents
Advertisement

According to Twitter user @IamNormand, a single Bitcoin Cash address is responsible for half of the transactions on the network over the last month. His tweet made everyone curious about the source of this unusual activity.

Related
Bitcoin Cash (BCH) Price Analysis: When Will BCH Hit Its $1,000 Destination?

A hyperactive address  

Bitcoin hard fork Bitcoin Cash is vying to prove that it can replace its older brother. In order to create this veneer of popularity, the network might have gone as far as artificially ramping up the network’s activity with the help of one address. The owner of the address (whoever that person is) has made over 575,000 transactions in less than a month (49 percent of the total number).   

The very first transaction was made on Apr. 8. It is worth noting that many money transfers were probably conducted automatically since the address would often send the same amount of crypto: 0.00000731 BCH. The address doesn’t operate many coins – it only sent $19,298 worth of BCH over the span of a month, which is far from being a crypto whale.

Related
Jihan Wu to Remain Lone Warrior as Bitmain Mulls Ditching Bitcoin Cash Support: Unconfirmed

Roger Ver, is that you?  

Some crypto enthusiasts couldn’t resist the temptation to jokingly suggest that Roger Ver himself might be behind the plan. Ver, who is better known as ‘Bitcoin Jesus,’ is one of the most ardent Bitcoin Cash supporters who is currently engulfed in a legal battle with self-proclaimed Satoshi Craig Wright.  

Another user explained that the transactions were attributed to the Minecraft-like gaming platform Craft.crash that is based on the Bitcoin Cash Blockchain.

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD