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Bitcoin Loses to BSV in Daily Transaction Volume Due to Low Payments That BTC Does Not Handle

  • Yuri Molchan
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    Bitcoin SV surpasses Bitcoin in the number of daily transactions, recording around 10,000 TPS more than BTC on October 6

Bitcoin Loses to BSV in Daily Transaction Volume Due to Low Payments That BTC Does Not Handle
Cover image via news.u.today

 

A member of the BSV community has shared some data on his Twitter page about Bitcoin Cash SV surpassing the original cryptocurrency Bitcoin in the number of transactions per day.

The Twitter user @BHoarder1 published a post which shows that specifically on October 6, there were around 10,000 transactions more in the Bitcoin SV network than on the Bitcoin chain.

 

The website bitinfocharts shows that BSV comes 4th after Ripple, Ethereum, and Bitcoin regarding daily transaction volume.

BSV
Image by https://bitinfocharts.com 

 

However, yesterday, BSV managed to outperform BTC. This may have happened due to the fact that the you can even send $0.30 via BSV network which is impossible for BTC due to its high fees.

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Still, since sources of data on bitinofocharts.com are not clear, the information it shares may be not entirely accurate.

Which currency in your opinion will have a better future - Bitcoin or Bitcoin SV? Let us know in the comments below!

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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Ex-Congressman Says Fed Should Not Play With Own Cryptocurrency

  •  Denis Sinyavskiy
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    Former US Congressman Ron Paul shares his thoughts on the possible creation of Fed’s own cryptocurrency

Ex-Congressman Says Fed Should Not Play With Own Cryptocurrency
Cover image via www.123rf.com

Former US Congressman Ron Paul spoke on Fox Business and said that the Fed should not think about creating its own cryptocurrency.

Fed’s Crypto: To Be or Not To Be?

Rumors have been circulating for the past few months about the Fed possibly creating own cryptocurrency. It is expected that a digital coin would become a competitor to its counterparts on the market, and may even replace fiat money. President Patrick Harker, President of the Federal Reserve Bank of Philadelphia, commented on such rumors at a recent conference:

“It is inevitable. I think it is better for us to start getting our hands around it.”

However, there has not been no official follow-up by the Fed towards a crypto exchange. While proponents of this idea believe such innovation is necessary, it is expected that the exchange could stop the current delays involving US bank transfers.

What do the opponents think about the Fed's own cryptocurrency?

The idea of ​​creating the Fed's cryptocurrency has its opponents. This includes Ron Paul, who believes that the Fed is in a better position to stay away from digital coins and allow the private blockchain sector and payment platforms to resolve this discussion in real-time. What the Fed plans to do next is unclear, but the central bank may still enter the game.

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About the author

Starting with a simple interest in cryptocurrency, over the past two years, Denis has worked in a cryptocurrency fund and become an author with an analytical bias. His engineering degree helps with the analysis of the technical part of the cryptocurrency market. As a fan of cryptocurrency, Denis believes that the blockchain technology is the future.

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