Roger Ver: Bitcoin Cash is the real Bitcoin

The early Bitcoin investor declares that the futute of Bitcoin belongs to Bitcoin Cash
20 November 2017   1132

Roger Ver, the early investor in Bitcoin related startups who has always been a prominent supporter of Bitcoin adoption and saw Bitcoin as a means to promote economic freedom, now started to promote Bitcoin Cash. This was stated in a series of tweets in his official twitter account.

In the interview with Bloomberg Roger Ver explained that he considered Bitcoin Cash to be the future of Bitcoin when it was traded at the price of only $450 each. He claimed that he is a much bigger fan of Bitcoin Cash as BTH became the third biggest cryptocurrency in the entire ecosystem after 5 weeks. He also states that Bitcoin Cash is the most useful currency as it has a limited supply which can be moved much faster and cheaper.

Currently a daily Bitcoin Cash has a trading volume of over half and a circulating supply higher in comparison with Bitcoin. It's price showed crazy fluctuations recently and  the crypto community is beginning to pay closer attention to Bitcoin Cash.

Bitcoin Cash is the real Bitcoin and will have the bigger market cap, trade volume and user base in the future.

Roger Ver
Bitcoin investor

At the time of press, the price of Bitcoin Cash is $1195 which is lower than the price it had only two days ago, being traded at $1388on November 18. The market capitalisation of the coin is $20 billion.

Bitcoin cash charts november 2017Bitcoin Cash charts

Bitcoin Cash is also largely supported by a number of trading platforms, wallets and exchanges including Blockchain Wallet, Bitfinex, Bittrex, Poloniex, Trade Satoshi and Bitstamp.

SegWit Transactions Are More Popular Than BCH

According to BitMEX reseach, there are more SegWit transactions in Bitcoin network than Bitcoin Cash transactions
23 March 2018   117

The volume of SegWit transactions in the bitcoin network exceeded the aggregate number of Bitcoin Cash transactions since the launch of it in August of last year. This is reported in the blog of the BitMEX exchange.

As the researchers remind, activation of the Segregated Witness protocol was carried out in the same month as the Bitcoin Cash hardfork. It was promoted by his supporters as an alternative to the solutions for scaling the bitcoin network, suggesting significant savings on transaction fees.

Since the implementation of Segregated Witness, the volume of SegWit-transactions has exceeded the aggregate number of transactions performed on the Bitcoin Cash (BCH) network by 20.1%. Also, the researchers concluded that if the appearance of BCH occurred simultaneously with the activation of SegWit, then this separation would be much larger and would be 31.5% (the gray line on the graph).

Cumulative transaction volume since the launch of Bitcoin Cash
Cumulative transaction volume since the launch of Bitcoin Cash

The graph shows that in the first days after the appearance of Bitcoin Cash, there was a rapid growth in the volume of transactions in this network. At the same time, the increase of the  SegWit transactions in the bitcoin network occurred gradually. Nevertheless, in just three months, the volume of BTC transactions with SegWit exceeded the total volume of BCH-transactions.

The graph below shows how gradually the popularity of legacy transactions in the bitcoin network is declining in favor of SegWit.

Daily transaction volume
Daily transaction volume

The chart below shows the continued growth of SegWit transactions, mainly due to the activation of support for this solution by the major players of the bitcoin industry:

Percentage of transactions that use SegWit
Percentage of transactions that use SegWit

Currently, the share of SegWit-transactions in the bitcoin network is about 30%. At the same time, the average share of such transactions in the bitcoin blockchain is about 22%.

According to the researchers, Segregated Witness significantly influences the performance of bitcoin blocking and benefits in the form of a reduction in commissions even for users who prefer to use the old transaction format. Also, according to the BitMEX team, the results of their research show that large-scale innovations should be introduced gradually and in the most secure way.