• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: Will Trump Pardon Sam Bankman-Fried? Polymarket Odds Surge as Traders React to CZ’s Release
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: Will Trump Pardon Sam Bankman-Fried? Polymarket Odds Surge as Traders React to CZ’s Release
bitcoin crown

Bitcoin Still Completely Dominates BCH and BSV, New Research Shows

Anatol Antonovici
by Anatol Antonovici
6 years ago
·
Posted in Bitcoin, Bitcoin Cash, News, News teaser
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Bitcoin’s main forks – Bitcoin Cash ABC (BCH) and Bitcoin Cash SV (BSV) – have several elements of a medium of exchange asset, but they still don’t experience the same adoption level.


Bitcoin Forks Are Rarely Used as Means of Exchange

On Monday, July 29, crypto analysis firm Coinmetrics published a report that compares Bitcoin with its main forks, BCH and BSV. The latter ones came out to solve the deviation of Bitcoin’s primary use case. The largest cryptocurrency by market cap has become a store of value, while it was designed to be used as peer-to-peer (P2P) electronic cash.

Both BCH and BSV increased the block size to incorporate more transactions into a single block, which eventually led to lower fees. While these features permit more flexibility, neither of the two forks has enjoyed the same popularity and adoption as Bitcoin. Moreover, BTC is more often as a means of exchange, despite the transaction time and fees.

Bitcoin’s realized cap is almost $100 billion. On the other side, the realized cap of BCH and BSV is below $10 billion and about $1 billion, respectively. For those unfamiliar, realized cap is a market cap-like metric that excludes coins that might be lost.

Thus, Bitcoin’s size is more than ten times bigger than BCH and one hundred times bigger than BSV.

Both forks have an average transaction fee of zero USD as of today. BTC’s fee declined to $0.03 early this year, though it has maintained between $1 and $3 over the last months.

Despite everything, the fees don’t help much. Moreover, almost zero fees have a negative side, as they will leave miners with smaller rewards when block reward issuance drops.

OP-RETURN Transactions

In addition, BSV and BCH have also deviated from their purpose of acting as a medium of exchange, as more transactions are used to store data on blockchain for various purposes. Often, there is no related economic transaction whatsoever. On BSV’s network, 94% of OP_RETURN transactions derive from a single weather app called WeatherSV. The Bitcoin SV fork actually removed the size limit on OP_RETURN messages.

Thus, the share of BSV transactions with OP_RETURN is increasing day by day.

94% of Bitcoin Cash SV's OP_RETURN transactions come from a single app.

The same is true about Bitcoin Cash ABC:

In conclusion, despite the lower fees and greater block size, BCH and BSV cannot compete with BTC at the moment. The forks don’t even use that extra block space most of the times. BCH and BSV often act as a data storage instrument rather than a medium of exchange.

Do you think BCH or BSV will be able to take a significant market share of Bitcoin? Share your thoughts in the comments section!  


Images via Shutterstock, coinmetrics.substack.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Anatol Antonovici

Anatol Antonovici

Follow

Full Profile

Related Posts

Francúzsko Bitcoin národná rezerva 2 % BTC

Francúzsko chce nakúpiť 2 % celkovej ponuky Bitcoinov do národnej kryptomenovej rezervy

3 hours ago
Bitcoin price

Bitcoin Price To Recover? Here Are Some Developments You Should Be Aware Of

4 hours ago
Bitcoin Hyper

Докато Биткойн се търгува на $113K, Bitcoin Hyper събира над $25.2M, за да реши основните му проблеми

4 hours ago
Bitcoin

Bitcoin Beats The Euro — France Chooses Crypto Over CBDC

10 hours ago
Visa

Visa Opens The Floodgates — Stablecoin Payments To Span 4 Blockchains

18 hours ago
DeepSeek คาด Bitcoin อาจถึง $190,000 พร้อมชี้ 3 เหรียญเด่นที่อาจพุ่งตาม

DeepSeek คาด Bitcoin อาจถึง $190,000 พร้อมชี้ 3 เหรียญเด่นที่อาจพุ่งตาม

19 hours ago
Please login to join discussion

Premium Sponsors

Press Releases

  • Is Staking Crypto Worth It? XRP Tundra Presale Offers 12% APY

    Is Staking Crypto Worth It? XRP Tundra Presale Offers 12%...

    3 hours ago
  • Crypto Predictions Favor Tundra as XRP Ecosystem Catalyst

    Crypto Predictions Favor Tundra as XRP Ecosystem Catalyst

    3 hours ago
  • Bitcoin Hyper

    Докато Биткойн се търгува на $113K...

    5 hours ago
  • weex-welcome-promo-800-usdt-tested-for-beginners-tw

    新手別錯過:測試了WEEX迎新活動 領到800...

    5 hours ago
  • Deleion Capital Launches Mobile App for Passive Crypto Earning for Diversified & Profitable Investments

    Deleion Capital Launches Mobile App for Passive Crypto...

    9 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.