By CCN: A single address has sent over 674,000 transactions on the Bitcoin Cash blockchain. The address was just created last month, on April 9th, and is one of a handful of addresses that account for the vast majority of transactions on the fourth-largest cryptocurrency’s blockchain.
A Minecraft Mix-Up or Something More Sinister?
The address is believed to belong to the owners of Craft.cash, who support both Bitcoin Cash and Bitcoin SV. All of the transactions it sends are functionally worthless, a couple of hundred Bitcoin Cash satoshis. One dollar in Bitcoin Cash currently equals around 350,000 BCH satoshis.
The issue was brought to light by a Twitter user who claims the transactions sent by this address account for 50% of all the activity on the Bitcoin Cash blockchain. The address is not the only one that sends seemingly worthless transactions constantly, however.
— I am Nomad (@IamNomad) May 5, 2019
One theory posited by Bitcoin Cash supporters is that these transactions are generated by Minecraft-style game Craft.cash.
This reporter has noticed when using Bitcoin Cash that any address where he sends or receives a transaction, another one will follow it in the amount of .00001111 BCH. These transactions originate from more than one address, and at least one of them is blockchain advertising. If you look at this transaction, there is a message embedded, advertising a gambling service.
Bitcoin Cash Blockchain Spam or Outright Manipulation?
People don’t typically complain about free money. The contention is that these addresses intentionally create insignificant transactions with to inflate the perceived activity on the Bitcoin Cash network. It’s trivial to write a script which will scan the blockchain for new transactions and…