As a seasoned crypto investor with years of experience under my belt, I can’t help but feel a sense of awe and admiration as I witness Bitcoin achieving yet another major milestone. The fact that it has processed its billionth transaction since its inception 15 years ago is nothing short of remarkable.
As a bitcoin analyst, I’m thrilled to report that we’ve reached a significant achievement: the one billionth bitcoin transaction has been processed since the cryptocurrency’s creation fifteen years ago.
On May 5th at 9:34 pm UTC, block 842,241 marked the occurrence of transaction number 1,000,000,000 in Bitcoin’s network. Over its total span of 5,603 days, Bitcoin typically records around 178,475 transactions daily, excluding those facilitated through the Lightning Network.
As a data analyst, I’ve observed that the Lightning Network handled approximately 6.6 million transactions during the month of August 2023. This figure underscores the network’s considerable usage since its inception in early 2018.
As a crypto investor, I’ve noticed an impressive increase in Bitcoin’s daily transactions during its recent halving event on April 20. Reaching a new peak of 926,000 transactions on April 23, this surge was fueled partly by the launch of the Runes protocol.
As a crypto investor, I’ve noticed that while daily transactions on Bitcoin have decreased to around 660,260 on May 4th, Ethereum has processed an impressive total of over 2 billion transactions since its launch in July 2015. Currently, Bitcoin is priced at $63,910, representing a 12.5% rise from its recent low but a 13.1% decrease from its peak in March.
The one-billionth transaction processed by Bitcoin serves as a testament to its lasting significance and impressive transactional abilities, holding strong against competition from platforms such as Ethereum.
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2024-05-06 07:48