Ethereum

Bitcoin

April

when

Billion

Bitcoin, achieved a major milestone by processing its billionth transaction since its inception 15 years ago, according to <a href="https://bitcoin.clarkmoody.com/dashboard/" target="_blank" rel="noreferrer noopener">Clark Moody</a>. 
<div class="wp-block-image"> 
 <figure class="aligncenter size-full is-resized">
 <img decoding="async" width="443" height="138" src="https://www.cryptotimes.io/wp-content/uploads/2024/05/Bitcoin-Hits-1-Billion-Transactions-After-15-Years.png" alt="Bitcoin Hits 1 Billion Transactions After 15 Years" class="wp-image-171304" style="width: 100%;height:auto">
 <figcaption class="wp-element-caption">
 Bitcoin Transactions Chart – Source: Clark Moody
 </figcaption>
 </figure>
</div> 
This event occurred on May 5 when transaction 1,000,000,000 was recorded in <a href="https://mempool.space/block/00000000000000000001db6de4f4995bdbfbbeba598f4913154b85c5c3520103?showDetails=false&amp;view=actual#overview" target="_blank" rel="noreferrer noopener">block</a> 842,241 at 9:34 pm UTC. On average, Bitcoin has seen 178,475 daily transactions over its 5,603-day history, excluding Lightning Network transactions. 
The Lightning Network, focusing on micropayments, has processed an estimated 6.6 million transactions in August 2023 alone, hinting at significant activity since its launch in January 2018. 
Bitcoin experienced a surge in daily transactions during its fourth halving event on April 20, reaching a record high of 926,000 transactions on April 23, driven partly by the <a href="https://www.cryptotimes.io/2024/04/23/magic-eden-launches-bitcoin-runes-platform/" target="_blank" rel="noreferrer noopener">Runes protocol launch</a>. 
While Bitcoin’s daily transactions have since eased to 660,260 on May 4, its rival Ethereum has <a href="https://etherscan.io/chart/tx" target="_blank" rel="noreferrer noopener">processed</a> over 2 billion transactions since its launch in July 2015. Bitcoin’s current <a href="https://www.coingecko.com/en/coins/bitcoin" target="_blank" rel="noreferrer noopener">price</a> stands at $63,910, up 12.5% from a recent low but down 13.1% from its peak in March. 
Bitcoin’s milestone of processing its billionth transaction showcases its enduring relevance and robust transactional capabilities despite challenges from competitors like Ethereum.

Bitcoin Hits 1 Billion Transactions After 15 Years History

The Crypto Times

Other articles published on May 6, 2024

Sell Bitcoin In May And Go Away? Here's How How You Could Have Pocketed A 1,449% Cumulative Return

Leading Crypto Analyst Foresees Unprecedented Surge in Altcoin Market: Key Insights for Bitcoin (...

Coinbase Earnings + Altcoins Pumping | Technical Analysis w/ Evan Aldo

Buffett Holding Record Cash And Sells Apple, Here Is How Much Cash You Should Hold

Crypto.com reports 100m users worldwide despite frozen VC activity

Anticipating Regulatory Shifts: CFTC Chair Foresees Increased Crypto Crackdowns Impacting Bitcoin...

Join our free newsletter for daily crypto updates!