bitcoin

Bitcoin Reaches Milestone of One Billion Transactions

The Big Whale

06 May 2024 — 1 min read

The Bitcoin network has achieved a significant milestone by processing its one billionth transaction. This achievement comes 15 years and 4 months after the mining of Bitcoin's genesis block in January 2009. With an average rate of 178,475 transactions per day over its lifespan, Bitcoin has demonstrated its ability to handle significant volume securely without the need for centralized intermediaries. Despite early skepticism, the network now handles daily transaction volumes comparable to major payment giants. This milestone coincides with Bitcoin's recent all-time high above $73,000 in March 2024, driven by excitement around the latest halving event and new protocols like Ordinals and Runes. While daily transaction volume has moderated from its peak, Bitcoin continues to average over 600,000 transactions in May 2024. By reliably facilitating 1 billion transactions in just 15 years, Bitcoin has proven its resilience and capacity at scale. The milestone highlights the transformation of Bitcoin from an enthusiast's playground to a trillion-dollar asset class that institutions cannot afford to ignore. With accelerating adoption, Bitcoin appears poised to reach the next billion transactions at an even faster pace.

Sources :
- Bitcoinmagazine

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TBW - France pays millions to get rid of its surplus electricity

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