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Such Currency, Much #Fail: Dogecoin Transactions 300% Higher Than Bitcoin Cash

· June 18, 2018 · 10:00 pm

Dogecoin (DOGE) processes three times as many transactions as Bitcoin Cash (BCH) per day, data shows this month — as Bitcoin’s (BTC) hash rate expands to an all-time high. 

Unlikely Success?

Figures reproduced on Twitter by social media commentator Armin van Bitcoin confirm the curious rise of DOGE, which has seen renewed attention this year after its surprise use in a chain swap project with Ethereum.

As of June 15, the Dogecoin network’s daily transaction numbers outran Bitcoin Cash by a ratio of three to one. Against BCH’s 12,700 transactions, Dogecoin saw 38,400.

DOGE currently trades at under $0.002, having lost around half its value since April, when prices reached their most recent peak of $0.0056. The altcoin’s highest-ever price continues to be $0.017 from January, while holders continue waiting for a previously-promised hard fork later in the year.

Bitcoin Hashrate Hits All-Time High

The latest performance continues a trend which has captured cryptocurrency industry attention in 2018 — Bitcoin Cash having lost out to Bitcoin’s Lightning Network in April when its node count surpassed the number of available BCH nodes for processing transactions. Lightning had begun its mainnet existence at the beginning of the year, while BCH had debuted in August 2017.

At the same time, despite downward market pressure deflating prices, Bitcoin continues to exhibit increasingly strong fundamental network statistics.

Running data from Blockchain.info reveals the Bitcoin network hash rate reached its highest level in history earlier in June, capping an upward trend which continues to rise.

As Bitcoinist reported Monday, naysayers calling the beginning of the end for Bitcoin continue to be confined to traditional banking circles, while warnings of further price slides do not reflect sentiment beyond that of trading circles. 

What do you think about Dogecoin’s transaction numbers and Bitcoin’s hash rate? Let us know in the comments section below! 

Images courtesy of Twitter/@ArminVanBitcoin, CoinMarketCap.com.

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Bře 30

Wheel of Doge Allows Players to Use Any Coin Through ShapeShift

Source: bitcoin

wheel of doge

Wheel of Doge is a play on the classic Wheel of Fortune game. With its super colorful design, it is focused on Dogecoin. However, you can play with any cryptocoin, through the Shapeshift integration.

Disclaimer: This is a press release. Bitcoinist is not responsible for this company’s products and/or services. 

About Wheel of Doge: Bet with Dogecoin and More Through ShapeShift Integration

The game is super fun to play, with a low house edge. It is also very versatile. Players have full control. Yet it remains super easy to understand. You can instantly see how it works and start playing. Everything accessible, displayed in a single page, responsive and fast loading.

No accounts are required. All gameplay is done through a unique URL. So it is simple to start playing from anywhere, on any device, at any time.

Because of this it can even be used as a Dogecoin wallet. Though the game operators do not recommend this, it is possible.

The site is very new, launching less than one month ago. Some promotions are in the works. For the moment, to reward players, there is an affiliate program and an invest (‘Put-up-Doge’) function.

If you use your affiliate link to refer people, you will share in the site’s winnings. And if you invest in the site’s bankroll you will earn from that too. All your earnings go direct to your game balance. This is very convenient.

The support team are quick and friendly.

Overall Wheel of Doge shows an attention to aesthetics and user experience that is lacking in the crypto gaming space. We’re sure everyone will thoroughly enjoy playing Wheel of Doge.

To learn more about Wheel of Doge’s gaming options, visit the website here

To learn more about ShapeShift, visit the website here

Images courtesy of Wheel of Doge

The post Wheel of Doge Allows Players to Use Any Coin Through ShapeShift appeared first on Bitcoinist.net.

Wheel of Doge Allows Players to Use Any Coin Through ShapeShift