Bitcoin (BTC) Just Hit 1 Billion Transactions, 15 Years Since Its Launch
The Bitcoin (BTC) Network has completed its one billionth transaction, marking a significant milestone for the network, a decade and a half after its launch.
According to Clark Moody’s Bitcoin dashboard, transaction number 1,000,000,000 was confirmed in block 842,241 at 9:34 pm UTC on May 5. This indicates that the Bitcoin network accomplished this milestone in 15 years, four months, and four days. Bitcoin (BTC) was introduced on January 3, 2009, with the pseudonymous creator Satoshi Nakamoto mining the network’s initial block. Based on the Bitcoin network’s existence, indicates an average of 178,457 daily transactions.
Achieving this massive milestone is just one of Bitcoin’s (BTC) greatest achievements, aside from reaching a new ATH in March, the introduction of spot Bitcoin ETFs has made an impressive development since the spot Bitcoin ETF launch. Since their launch, these ETFs have fostered a bullish sentiment for the token throughout the past year.
Additionally, innovative protocols such as Bitcoin Ordinals and Runes have been driving increased activity on the platform. Not to overlook the excitement surrounding the network’s fourth halving event on April 20.
These developments have contributed to a surge in daily transactions on the network. Just three days after the halving, Bitcoin recorded 926,000 transactions, marking a new all-time high.
Meanwhile, Bitcoin (BTC) bounced back from its initial losses last week, surging by more than 10% over the weekend. It surpassed the $64,000 threshold after dropping to approximately $56,800 on Wednesday.
Last week’s downturn massively eroded confidence in the crypto market. Nonetheless, similar to Bitcoin’s resurgence, investor confidence seems to have been restored over the weekend.
At this time of writing, Bitcoin (BTC) is trading at $65,272.37, showing a 2.47% increase in the last 24 hours.
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