Archive.org Secures More BCH Than BTC Donations in 2017
Digital library Archive.org has claimed that it received more donations in Bitcoin Cash than Bitcoin so far in 2017.
The nonprofit digital library Archive.org has claimed that it received more donations in Bitcoin Cash than Bitcoin so far as of late November 2017. The organization has decided to accept donations in Bitcoin Cash and Zcash earlier this month.
According to the digital library service, it has received more than $4,800 worth of Bitcoin Cash so far in 2017, which is more than twofold higher than the donations in Bitcoin. These results showed that the nonprofit’s decision to accept donations in Bitcoin Cash has been beneficial for the organization.
Archive.org’s donation campaign
The nonprofit organization is conducting its donation drive on an experimental basis annually. Among the virtual currencies being accepted by the nonprofit in the campaign are Bitcoin, Bitcoin Cash and Zcash.
The money raised from the campaign is used by the organization to maintain its operations and advance its goal to provide a free and invaluable service to all Internet users around the world. Archive.org is also considered as the “archive” of the Internet itself.
The higher Bitcoin Cash donations that were received by the nonprofit compared to that of Bitcoin is an interesting development as Bitcoin Cash is only in its first year in the campaign.
Among the possible reasons behind this development are the increasing network fees for Bitcoin donations and the phenomenal rise of Bitcoin’s price in the trading market.
Brief profile of Archive.org
Archive.org (Internet Archive) was founded by Brewster Kahle in 1996 with a goal of providing ‘universal access to all knowledge’ to people around the world. The nonprofit provides free public online access to various collections of digitized materials, including software applications/games, websites, movies and videos, music, moving images, as well as public-domain books. Archive.org is supported by the Kahle-Austin Foundation.