Dogecoin[DOGE] making transactions 300% more than Bitcoin Cash[BCH]
Dogecoin [DOGE] is currently getting processed at a rate which is three times higher than Bitcoin Cash [BCH] each day. A 15th June report suggests that the transaction number of Dogecoin [DOGE] cryptocurrency has surpassed Bitcoin Cash [BCH] by a three to one ratio. BCFocus has recently reported about the increasing popularity of Dogecoin [DOGE] which has even exceeded Bitcoin Cash [BCH].
The transaction of Bitcoin Cash [BCH] is 12,700 whereas, Dogecoin [DOGE] has touched the level of 38,400. However, presently, the hash rate of Bitcoin Cash [BCH] has reached to its highest level. Armin van Bitcoin, a commentator on Twitter posted confirming the sudden rise of Dogecoin [DOGE]. It has again come under limelight after its role in chain swap project associated with Ethereum [ETH].
— A v B ⚡ (@ArminVanBitcoin) June 16, 2018
This virtual currency is trading under the value of $0.002. It has incurred a loss of nearly half of its entire value since the month of April, 2018 when the value reached its peak of $0.0056. As 2018 begun, the highest price of this altcoin remains $0.017.
In April, 2018, the node count of Bitcoin’s Lightning Network moved ahead of the Bitcoin Cash [BCH] nodes available for conducting the transaction. The mainnet existence of the Lightning Network begun at the beginning of this year. However, Bitcoin Cash [BCH] entered the domain in August, 2017.
Blockchain info. reveals that the hash rate of Bitcoin network has reached its pinnacle in June, 2018. The upward and positive movement has continued its journey. Simultaneously, despite the deflating valuation due to extreme market pressure, Bitcoin [BTC] shows robust network statistics. However, Bitcoin [BTC] continue to remain confined to old, traditional norms of banking sector.
Image via Google
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