Bitcoin Cash usage has been put to the test when the network failed to produce a single block in more than five hours earlier this week without causing any transaction backlog. While many saw the declining hash rate as a consequence of low usage, the low usage might have been caused by an unstable hash rate due to frequent miner migration.
Bitcoin Cash network takes more than 5 hours to produce a single block
Bitcoin Cash, Bitcoin’s first and most popular offshoot, has made the news this week for all the wrong reasons. The network, which has the fourth-largest market capitalization in the world, took almost five and a half hours to produce a single block.
According to data from blockchain explorer Blockchain, block 620,025 was produced just after 2:00 AM (UTC) on Jan. 30, while the following block, 620,026, wouldn’t be found for five and a half more hours. Read More