Weiss Ratings has come out again to raise opprobrium on Bitcoin Cash (BCH) after the founder of the cryptocurrency came out to tell the world that Bitcoin Cash is performing more transactions than all other coins combined.
According to Weiss Ratings, the milestone purportedly achieved by BCH is nothing but a mere overhype, reiterating that he, Roger Ver, intentionally excluded other coins with the most usage.
The rating furthered that BCH enthusiasts have been spamming the network lately to show that there are more activities on the blockchain network than the exact reality.
The attack by Weiss Ratings on BCH is way back, Today’s Gazette reported that the rating firm deprecated Bitcoin Cash recently, saying it has no competitive advantage than the name its flags.
Roger Ver, popular referred to as Bitcoin Jesus, has been claiming that Bitcoin is no longer BTC, saying it is now BCH.
On Aug. 27 on CNBC Fast Money, he stated that Bitcoin Cash (BCH) has commercial use cases than BTC. He said the fees on bitcoin transactions are exorbitant, and the network is now slow and unreliable.
— CNBC's Fast Money (@CNBCFastMoney) August 27, 2018
Meanwhile, the leading provider of ratings on stocks, cryptos, and mutual fund as for sometimes been pushing for the adoption of Ripple’s XRP.
Lately, it initiated a talk down on Dash and Zcash saying they have the option to turn off privacy. However, the platform upheld that Monero is better off.
Bitcoin Cash (BCH) In Transactions Are More Than All Other Cryptocurrency Combined
Bitcoin Cash according to Bitinfocharts has been performing awesomely in the blockchain space. The cryptocurrency in the last 24 hours has accounted for 52% of all cryptocurrency transactions, denoting that BCH has had more transactions than all cryptocurrencies combined. This has been the view which Weiss Rating has been condemning for some time now.
Several people have also condemned bitcoin cash in the crypto space, saying it is a clear imitation of Bitcoin but failed to appreciate the importance of BTC.
Image Credit: Smartereum.