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Just recently, the Bitcoin Cash community has been discussing the large number of transactions the network has been seeing on a daily basis during the last month. Statistics show that bitcoin cash daily transactions have been increasing every day since the last week of 2020. Bitcoin Cash miners have processed upwards of 300,000+ daily transactions on various days during the past week.<\/strong><\/p>\n The crypto economy and myriad of blockchain networks have been getting a lot more attention during the last few months. Not only has a number of digital assets jumped tremendously in value, but many of these tokens are seeing increased usage as well.<\/p>\n More recently, Bitcoin Cash<\/a> proponents have been noticing that the BCH<\/a> chain is handling a whole lot more transactions than usual. Since the last week of December 2020, BCH<\/a> transaction counts per day have steadily risen northbound<\/a> and have come awfully close to matching the Bitcoin (BTC<\/a>) network\u2019s daily output.<\/p>\n At the time of writing, onchain data<\/a> shows the BCH<\/a> chain processed 282,010 transactions during the last 24 hours while BTC<\/a> has processed 334,793 in that time. This shows that BTC<\/a> is handling 3.87 transactions per second, while BCH<\/a> does 3.26 at this transaction rate.<\/p>\n Additionally, statistics<\/a> from messari.io show that bitcoin cash (BCH)<\/a> is currently the fourth most active blockchain under dogecoin (DOGE)<\/a>. Most of the time during the last month, BCH<\/a> was the third-most active blockchain.<\/p>\n In terms of settlement, during the last 24 hours data shows the Bitcoin Cash network settled $4.34 billion among 80,529 active addresses. On Friday, Bitcoin Cash supporters discussed the increasing transaction count on Reddit.<\/p>\n One thread<\/a> noted that on January 29, 2021, BCH<\/a> had 322.26k transactions compared to BTC<\/a>\u2019s 322.22k daily count. \u201cCommunity growth and utility is on the rise, and that\u2019s the most important thing,\u201d the author of the Reddit post stressed. Another person dubbed the \u201cTransaction Maximalist\u201d wrote:<\/p>\n The same throughput but still $0.001 transaction fees. Cool.<\/strong><\/em><\/p>\n<\/blockquote>\n Even with the increase in transaction throughput BCH<\/a> transaction fees have not risen. BCH<\/a> has a 32MB block size parameter and in September 2018, participants observed the chain processing upwards of 2 million+ transactions in a 24 hour period.<\/p>\n During this period of time in 2018, a time the community called the \u201cstress tests,\u201d BCH<\/a> miners processed massively sized blocks all week long. Bitcoin cash<\/a> miners still process very large blocks, while BTC<\/a> miners still deal with the 1MB limit and segregated witness (segwit) improvements.<\/p>\n <\/ins> <\/ins> <\/p>\n On Saturday, BCH<\/a> supporters celebrated<\/a> a large 4723.044kB (4.7MB) block at block height 672,532. The large block processed 14,910 transactions and with the 6.25 BCH<\/a> block rewards only $25 in fees were paid for the transaction confirmation. Software developer Jonathan Toomim talked about the larger sized block on Saturday morning as well.<\/p>\n \u201cThis block (672532) was mined at 8:30am UTC,\u201d Toomim said. The previous block (672531) included only [one] transaction (Hathormm, aaarg!). The block before (672530) was mined at 7:12am UTC. So this 4.7 MB block comprised 1h28m worth of transactions. That\u2019s about 0.53 MB per 10 minutes,\u201d he added.<\/p>\n![\"\"](\"https:\/\/www.cryptocabaret.com\/wp-content\/uploads\/2021\/01\/ip6fbgohv9e61.png\")
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