RATE Group | Did Somebody Turn Off the Bitcoin Cash Transaction Generator?
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Did Somebody Turn Off the Bitcoin Cash Transaction Generator?

13 Mar Did Somebody Turn Off the Bitcoin Cash Transaction Generator?

Posted at 16:21h in Bitcoin News by

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With everybody busy bulk buying toilet paper and bemoaning the decreasing value of their portfolio, nobody seems to have noticed the crash in Bitcoin Cash transaction numbers. Until this morning that is, when Jameson Lopp pointed it out in a tweet.

Halving Comes Early

Joking that “The bcash (transaction) halving came early,” and “someone turned off their transaction generator,” Lopp highlighted the extreme drop off in transactions since March 8.

Prior to this date, the number of daily bitcoin cash transactions was generally in the 40-50k range or thereabouts. However, since then not a single day has seen more than 20k transactions.

There have been individual low days in the past, the most recent being January 1 this year, which might be expected the day after New Year’s Eve. However this is the first time such a dip has lasted for more than a day.

Interestingly, the two low days before January 1 also fell on the first of the month. Both December 1 and October 1 saw under…

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