Single Address Responsible for more than 50% Bitcoin Cash Transactions

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Cryptocurrency enthusiasts such as @IamNomad are spreading the word that a single address has been accountable for more than 50 percent of the Bitcoin Cash transactions in the last one month.

 

The address that people are talking about has made more than 600,000 transactions in just the previous one month which account for more than 50% o the total bitcoin cash transactions that amount to around 1.2 million. The amounts that are being transacted out of the address are fractional and occur in an interval of some seconds.

 


People are also suggesting that the account might belong to an upcoming gaming or gambling website which is putting in cryptocurrency in preparation of the platform.

 

People are also making jokes out of the situation, also bringing in Roger Ver, the founder of Bitcoin Cash and even Alibaba.

 

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Janet F. Sanchez
Janet Sanchez writes articles which, considering where you’re reading this, makes perfect sense. She is best known for writing cryptocurrency related news and blogs. She also writes about business, finance, and technology. Working from home and taking care of her little son, she has a passion for writing.

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