Bitcoin SV: weather App makes up 94 percent of transaction volume

A weather App called WeatherSV makes up 94 percent of the transaction volume of Bitcoin Satoshi Vision (BSV). This shows CoinMetrics in a study.

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18. July 2019BTC$10.346,00 7.93%part Facebook Twitter LinkedIn xing mail

While Craig Wright and Calvin Ayre a Propaganda war, the true Bitcoin from the fence break, the market facts. No one is the Blockchain of Bitcoin Satoshi Vision (BSV), Exchanges uses to wait for fear of 51% attacks rather than the usual six Confirmations rather a progression of the chain to several hours. And now a study shows that 94 percent of all transactions are the result of a weather App.

The talk is of WetherSV, an Australian weather App, the save the OP_RETURNS script uses weather data to the Blockchain to. Users can write in this particular script any data. With the help of OP_RETURN Outputs, users are not able to write metadata on the Blockchain, but they are suitable for the transmission of digital values.

As the chart shows, the rise in the transaction volume of WetherSV since the Launch in may of this year rapidly. On the other hand, any other use (including those stagnated, what BSV was originally programmed to send, namely, by value) during the same period. Responsible for the study CoinMetrics, a company that has specialized in the analysis of Blockchain data.

How large is the proportion of WetherSV on the entire Block Space, illustrated by the following graph:

BSV-totter price

While Calvin Ayre will not be tired, BSV as a Bitcoin advertise and prefer to be in second-rate football team, invested, seems to have failed the Experiment BSV. Although Bitcoins scaling debate is far from resolved, is not likely to have contributed to the conduct of the BSV Manager, Ayre and Wright just to its popularity. So BTC reported, had ECHO about the lawsuit, Craig Wright against public critics unleashed. In the Wake of its well-known Binance chief Changpeng Zhao color and took the BSV from the program. Since BSV is back inside the Top-10. With 43 percent loss in value calculated on a seven days in the Altcoin totter more than a majority of the competitor.

the Latest findings from CoinMetrics are not likely to be detrimental.

The whole study of CoinMetrics can be found here.

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