Really...? Dogecoin is Processing 300% More Transactions than Bitcoin Cash

A recent report from Bitcoinist revealed that Dogecoin transactions outnumbered Bitcoin Cash transactions three-to-one. On June 15, the Dogecoin network processed 38,400 transactions; Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term Cash processed just 12,700; at press time, Dogecoin had processed 40,441 transactions while Bitcoin Cash had processed 13,433.

In fact, Dogecoin seems to have gone through many periods of exceeding Bitcoin Cash in terms of transaction volume since BCH appeared on the scene last year.

The ‘Underdog’ Rises

This isn’t the first time that Dogecoin has surprised the world.

Throughout its history, Dogecoin has been of an underdog (pun intended). It was created in 2013 by Australian entrepreneur Jackson, who allegedly created the cryptocurrency as a joke. According to a report that Palmer wrote for Motherboard, “Dogecoin started as a parody of the multitude of alternative Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term, or ‘altcoins,’ flooding the market at the time.” Palmer was shocked to find that his cryptocurrency had reached a $2 billion market cap in January of this year.

#dogecoin now has 3X more transactions than #bcash. ?? #fail pic.twitter.com/aNLW0U57Vk

— A v B ⚡ (@ArminVanBitcoin) June 16, 2018

Dogecoin has reached a series of rather unexpected achievements. Weiss ratings gave Dogecoin a ‘C,’ the same rating that it gave to Ripple. Of course, Ripple fans were not happy about this, but Weiss stood by their decision. “The numbers are the numbers,” they wrote in a blog post, and cited the fact that even five months ago ”Dogecoin’s usage is greater than that of Bitcoin Cash.”

“Its usage is also greater than that of Dash and ZCash combined,” the blog post said.

Dogecoin’s market cap is still far behind Bitcoin Cash’s. Dogecoin ranks as the world 41st-largest cryptocurrency while Bitcoin Cash is the 4th-largest. At press time, a single BCH token was worth roughly $880 while a single DOGE coin was worth $0.003.