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Ver Claims BCH Adopted Faster than BTC - Is It?

Ver Claims BCH Adopted Faster than BTC - Is It? 101
Source: iStock/Ivan-balvan

Roger Ver’s praise for Bitcoin Cash and his obvious distaste for the original Bitcoin - which he calls Bitcoin Core - is nothing new, as he seems like the only one fighting some kind of war against Bitcoin. However, his claims are sometimes considered outlandish with a reason.

Most recently, the creator of bitcoin.com and one of the first investors of Bitcoin, told CNBC that, “Cryptocurrency users and developers around the world are adopting Bitcoin Cash at faster rates than Bitcoin Core.” He gave no further evidence or details to back this claim.

However, numbers are not known to lie, and data from bitinfocharts.com might suggest a different story.

Here is the comparison of Bitcoin transactions versus Bitcoin Cash transactions in the last six months:

Ver Claims BCH Adopted Faster than BTC - Is It? 102
Source: bitinfocharts.com

Also, if Bitcoin Cash boasts greater mass adoption than Bitcoin, then the number of unique addresses taking part in transactions daily should increase faster than in the case of Bitcoin. What numbers have to say about it? Here is the comparison:

Ver Claims BCH Adopted Faster than BTC - Is It? 103
Source: bitinfocharts.com

Whether this data will change for the better with the Bitcoin Cash hard fork from yesterday remains to be seen, as large transaction volumes can now be tested and experimented with, and a maximum of 200 transactions is possible per second which can be adopted through the usage of the blockchain without other fundamental changes.

The hard fork has increased Bitcoin Cash’s block size from 8 megabytes to 32 megabytes. However, the largest average block on the Bitcoin Cash’s blockchain in May was only 99 kilobytes, or 0.3% of 32 megabytes, according to bitinfocharts.com data. In comparison, it was 631 kilobytes in case of the Bitcoin’s blockchain.

It looks like, Ver’s claims made on CNBC that new innovation and infrastructures are being built on top of Bitcoin Cash, "because it actually works," should be taken with a grain of salt, given the current data.

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