Bitcoin Cash’s (Actual) Block Sizes Are A Tiny Fraction of Bitcoin’s

Colin Muller

Bitcoin Cash’s (BCH) blockchain is hardly being used when compared to Bitcoin's., using data provided by found that in the last month, after the Bitcoin Cash “Fork Wars” had time to cool off, Bitcoin Cash (ABC) has produced blocks averaging a paltry 3.7% the size of Bitcoin’s - despite having a far larger block size capacity.

Longhash said that the average was 34 KB (out of an 8,000 KB capacity) versus 923 KB, for BCH and BTC respectively. At time of writing, BCH’s daily block size is about 4 MB versus BTC’s 137 MB. And more data from the visualized block illustrator puts BCH’s realized transactions per second at roughly 0.14, versus BTC’s approximate 3.5.

BCH’s block sizes have definitely been on the wane since the acrimonious hard fork, which CryptoGlobe covered at length. Whereas for most of 2018 the chain would regularly manage more than 10 MB per day worth of transaction traffic, the traffic after the forking drama - which produced massive spikes even beyond Bitcoin’s traffic - has fallen to all time lows (see chart below).

bchtx1.png(BTC is red, BCH is blue; source:

The forked-off Bitcoin Satoshi’s Vision (BSV) has generally outperformed BCH during the month of December, in terms of transaction sizes - but the two blockchains seem to have converged in the new year to the same paltry lows (see chart below).

bchtx2.png(BSV is red, BCH is blue; source:

A final thing to note concerning block sizes is that Bitcoin’s are slowly trending upward, since almost halving during March-April 2018. Today’s average, according to was 761 KB. From November 2017 to March 2018, Bitcoin’s blocks were consistently being filled near capacity, presumably crashing in April 2018 as a result of the difficult bear market which set in at that time. (see chart below).



(Featured image courtesy of

Binance Acquires Crypto Debit Card Issuer for an Undisclosed Sum

Leading cryptocurrency exchange Binance has acquired cryptocurrency debit card issuer Swipe for an undisclosed sum, in a deal that gets the platform one step closer to issuing its Binance Card.

Finance Magnates reports the firms shared revealed the companies will “work together to further mainstream adoption of cryptocurrencies,” by further bringing fiat and digital assets together. The deal will allow for cryptos to be used as a payment method in the traditional financial system.

Binance unveiled its plan to launch a Visa crypto debit card earlier this year, but was having difficulties implementing it. The acquisition of crypto start Swipe should help fix these difficulties and support the exchange in its “mission of making crypto more accessible to the masses.”

Per Binance CEO Changpeng Zhao, off-ramps are a key component to be considered in its mission. He added:

By giving users the ability to convert and spend crypto directly, and have merchants still seamlessly accept fiat, this will make the crypto experience much better for everyone.

Binance and Swipe listed each other’s native tokens as part of the deal. Binance now has trading pairs for Swipe’s SXP token, while the Binance Coin (BNB) was added to the cryptocurrencies, stablecoins, and fiat currencies available as a payment method on Swipe.

Swipe, it’s worth noting, converts cryptoassets into fiat currencies at the point of purchase. Users pay in a cryptoassets of their choice, which is then converted into fiat currency the merchant receives, so the latter does not have to manage cryptoassets, or accept payments in them directly.

Swipe’s cards are issued by Contis Financial Services, a visa Principal Member regulated by the UK’s Financial Conduct Authority. They are available in 31 countries within the European Economic Area, and support transactions in euros, pounds, U.S. dollars, Korean won, and Philippine pesos.

The firm’s CEO Joselito Lizarondo revealed partnering will Binance will “place Swipe in the position to make cryptocurrencies more accessible for millions of users worldwide.” Binance Card users will be able to get up to 4% cashback in bitcoin on their purchases, which will be available in over 50 million locations in the world.

Featured image via Pixabay.