Dogecoin Has More Transactions than Bitcoin Cash
The crypto community never ceases to amaze with the number of ways they can find to laugh at Bitcoin Cash. Exactly why we’re mocking them this time remains unknown, but the Lil Windex song may have seemed proof that BCH is as much a joke as its theme song. So the newest topic is the claim that it has less transactions than Dogecoin. Twitter user @Whalepool points this out in a controversial tweet.
Dogecoin is a cryptocurrency introduced as a “joke currency” to prove people would buy anything. While there are few mainstream commercial applications, it has gained traction as an Internet tipping system, in which social media users grant Dogecoin tips to other users for providing interesting or noteworthy content.
Bitcoin Cash, on the other hand, has been called the “real Bitcoin” by its endorsers in the community, being the result of a prolonged disagreement on how to handle the Bitcoin scalability problem. Bitcoin Cash fans argue that it is superior to the original Bitcoin because of its greater transaction speed, thus more likely to be used by merchants and for transactions. This has been dubbed the crypto “civil war”, where both sides claim that “this is what Satoshi would have wanted!”, despite nobody really knowing anything about Satoshi Nakamoto, the creator of Bitcoin.
Their superiority doesn’t really show right now. The numbers at Bitinfocharts.com do not lie: in the past two months, only rarely did the number of Bitcoin Cash transactions exceed that of Dogecoin transactions, and the two cannot even compete with Litecoin most of the time. But before that, BCH traded at five times the number of Dogecoin transactions - a number that cannot be overseen, as the graph in the tweet was heavily taken out of full context.
This could arguably be because Bitcoin Cash is significantly younger than the two - but its merit in transaction speed may be lost on traders as they obviously go for even the jokester’s Dogecoin more often than BCH. How Bitcoin’s “younger brother” will mark its comeback remains to be seen, as well as whether it will ever get out of its older brother’s shadow.