Bitcoin Cash Scaling Benchmarks, Brewdog and Increased Transaction Volume

Over the past week, the Bitcoin Cash (BCH) environment has been very active, with companies implementing BCH support, new applications, and various ads. While Bitcoin Cash supporters continue to support adoption, development projects and community projects have continued to flourish.

Read also: More than 22,000 traders have now registered on Local.Bitcoin.com

The Bitcoin Cash (BCH) ecosystem has been very active in the first two quarters of 2019. This week is not very different, as there has been an abundance of developments in space. The BCH markets are stable today and, like the rest of the cryptoconomy, there has been some consolidation. At the time of writing this article, Bitcoin Cash is in fifth place in the stock market valuation and each coin is between 405 and 420 USD. BCH is the sixth most traded play on Saturday, July 6th. The decentralized digital badet represents a global trading volume of about $ 1.4 billion and a market capitalization of about $ 7.2 billion.

The first publicly traded product to track the performance of Bitcoin Cash

Fintech's Amun AG announced this week that it has listed the first Bitcoin Cash listed product on the Swiss-based Six Main Exchange. According to the announcement, the Aunon BCH ETP is fully guaranteed and the proceeds are denominated in USD. In the Six Stock Market, the ticker symbol of the ETP will be called ABCH and the BCH community seems excited about this announcement. "It's huge," commented one person on the Reddit r / btc forum. "There is now a new option to invest in bitcoins (BCH) with a publicly traded product in one of the most advanced markets in the world," has explained Twitter account @Bitcoin Friday.

Bitcoin Cash can now be used to invest in a Scottish brewery

Brewdog, a Scottish brewery, revealed Thursday that the public could invest in society using several crypto values. Brewdog's crowdfunding project "Equity for Punks" now accepts bitcoin core (BTC), bitcoin cash (BCH), omisego (OMG), qtum (QTUM), augur (REP) ), 0x (ZRX), bitcoin SV (BSV), ether (ETH), litecoin (LTC) and ripple (XRP). Essentially, Equity for Punks allows investors to acquire an interest in the company and become shareholders. According to Brewdog, there were 114,000 investors before opening the crowdfunding to cryptocurrency users.

"You can now become a Brewdog Equity Punk Card Holder using cryptocurrency," the company's announcement said. "This is the next natural step for us as a business. James and Martin decided that Brewdog was an alternative to the status quo. to challenge perceptions and revolutionize their industry – Developers, miners and cryptocurrency users are exactly the same. "

Handlekrypto launches in Sweden

The sister company of Keys4coins, a startup called Handlekrypto, was established in Sweden. Now, residents of Sweden can visit Handlekrypto.se to buy BCH in seconds with SEK using a bank card or Swish. No registration is required and visitors who wish to buy BCH can check themselves instantly with a BankID ID.

https://t.co/P1sm0akuqc launches in Sweden! Buy Bitcoin #BTC, Bitcoin Cash #BCH and Ethereum #ETH in seconds from Sweden with BankID and pay in SEK with credit card or Swish

– HandleKrypto (@HandleKrypto) June 30, 2019

For now, Handlekrypto provides bitcoins (BCH), bitcoins (BTC) and etheric (ETH). The website also contains a cryptocurrency conversion application that allows users to exchange hundreds of digital content. The Handlekrypto service has a website for international visitors, the United Kingdom, Norway and the last one in Sweden.

3000 transactions per second in the BCH baseline test

Software developer and software developer, Jonathan Toomim, released a video on July 2 that shows how he built a benchmark for benchmarking Bitcoin Cash, ABC Bitcoin. The Toomim test generated 672,000 transactions and broke them down into blocks of about nine minutes. The results correspond to more than 3,000 BCH transactions per second on his desktop computer. Toomim is well known for his Xthinner project and the developer has announced his intention to work on Xthinner so that he can "propagate blocks before performing complete validation of the transaction (and after only performing checks data integrity / root Merkle + PoW). "the initial motivation for the construction of this test device," explained Toomim. The software engineer continued:

I also intend to configure a network version of this test with four 40-core computers, using the Linux Netem module to inject artificial latency and packet loss. Again, it is mainly and initially to serve as a test bed to optimize the propagation of blocks.

The American society of dementia accepts Bitcoins

On July 4th, the Dementia Society of America revealed that it is now accepting cryptocurrency donations. The organization is a non-profit organization that provides individuals and families affected by dementia with education, local resources and enrichment of life. "We recognize caregivers and innovators and inspire hope by supporting relevant research to discover cures, causes and significant interventions," says the Dementia Society website.

Dementia Society of America begins accepting five cryptocurrencies https://t.co/VxCUdwZC2P

– Dementia Society (@DementiaOrg) July 4, 2019

The charity now accepts donations of Bitcoin Core (BTC), Ethereal (ETH), Litecoin (LTC), Bitcoin Cash (BCH) and Stablecoin Dollars (USDC) from Circle. Volunteer founder and president, Kevin Jameson, explained that he wanted the "cryptographic community to know that we support innovative means of exchange." Jameson said:

More than 2,000 years ago, we traded salt and gold against our work – we were worth our weight in gold – today, its bits and bytes, and from the origins from our company a little over 5 years ago, we understood that there is always lasting value to human kindness, no matter the currency.

Bitcoin Cash Network becomes the second most valuable channel

July 2, the founder of Ryan Research, Peter Ryan, explained in a recent research badysis hosted on Coinspice.io that Bitcoin Cash had recently become the second most valuable channel in terms of transaction volume or total amount of value processed in the blockchain. "Although Bitcoin Cash is fifth in terms of market capitalization, its trading volume is now second," explained Ryan's badysis. "By mid-May, this volume really began to take off and exceeded $ 2 billion a day." Other cryptocurrencies, such as ETH, LTC, and XRP, fall well short of this news. steps."

Indeed, over the last six months, comparing the volume of bitcoin core (BTC) and bitcoin cash (BCH) transactions, there was a slight decline, but in April, both networks posted positive growth. After that, however, BCH began to dramatically surpbad BTC's growth, Ryan said. The researcher added:

In May, BCH recorded monthly transaction volume growth of 185%, while BTC grew only 56%. BCH took up almost a third of BTC's volume in May, before settling in July at about a quarter.

The US Local Government in Ohio Plans to Use the SLP Token to Encourage Positive Behavior

This week, BCH supporters learned that the local government in Dublin, Ohio, was considering using a Simple Ledger Protocol (SLP) token for a system-wide rewards system. city. On July 1, the CEO of BCH implementation, Bitcoin Verde, revealed the news and explained that the SLP token will be used throughout the city. Green told news.Bitcoin.com that the goal of the token is to provide three functions in Dublin: the digital identity, the electronic voting system and a value token.

For more than 6 months, we have been working on a project for @DublinOhio

The objective of the project was to provide 3 functions to people from #DublinOhio

1. A digital identity
2. An electronic voting system
3. A pledge of value

You can read more about it here: https://t.co/Qndks63lLw

– Verde Software (@SoftwareVerde) July 1, 2019

"The Dublin Token is intended to be a reward and barter system for Dublin citizens – to encourage positive behavior," said Bitcoin Verde founder, who also told the BCH "team" had investigated other implementations of data strings and tokens, but had finally decided Bitcoin The Cash Scale solution is superior to other alternatives and considers that the burgeoning developer community is an important pillar of the longevity of the platform. "

Twitch.tv Acceptance, Brave Browser and Tipbitcoin.cash

The Bitcoin Cash ecosystem has been so upset that BCH supporters are keenly discussing the diversity of developments. Tipbitcoin.cash, the latest live streaming platform from Bitcoin Cash, has seen a lot of action on the Twitch.tv platform. In addition, Twitch.tv has added the ability to pay for services and items on the website using bitcoin cash (BCH) or bitcoin core (BTC) via Bitpay. Brendan Eich, the CEO of Brave Browser, is another exciting development. revealed on Twitter that BCH will soon be supported. «BCH and other financing options to come for Brave [version] 0.68, "Eich declared. With BCH enthusiasts, developers, and companies advocating for quality cryptographic services and adoption by the general public, the latest series of ads should boost their optimism.

What do you think of all the developments within the Bitcoin Cash ecosystem? Tell us what you think in the comments section below.

Warning: This editorial is intended for information purposes only. Readers should exercise due diligence before taking any action with respect to the companies mentioned, their affiliates or their services. Bitcoin.com or the author is not responsible, directly or indirectly, for any damage or loss caused or alleged to have been caused by or in connection with the use or reliance on any content, product or service mentioned in this article.

Image credits: Shutterstock, Ryan Research, Handlekrypto and Pixabay.

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Jamie Redman

Jamie Redman is a financial journalist who lives in Florida. Redman has been an active member of the cryptocurrency community since 2011. He is pbadionate about bitcoin, open source code and decentralized applications. Redman has written thousands of articles for news.Bitcoin.com about the disruptive protocols that are emerging today.