Ethereum

Bitcoin

Impact

Billion

Spot

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-surpasses-one-billion-transactions/" data-wpel-link="internal">Bitcoin Surpasses One Billion Transactions</a><br></p>
<p style="text-align: justify">After the extraction of its first block on January 3, 2009, it took <a href="https://en.coin-turk.com/bitcoins-long-awaited-rise-insights-from-bitcoin-holders/" data-wpel-link="internal">Bitcoin</a> (BTC) over eight hundred weeks and one day to reach a significant milestone. Accordingly, the <a href="https://finance.coin-turk.com/" data-wpel-link="external" target="_blank" rel="nofollow noreferrer">market</a> value of the world’s largest and first Blockchain-based cryptocurrency has now facilitated over one billion transactions on its network.</p> 
<h2 style="text-align: justify" id="strong-bitcoin-ordinals-runes-and-the-impact-of-spot-etfs-strong"><strong>Bitcoin Ordinals, Runes, and the Impact of Spot ETFs</strong></h2> 
<p style="text-align: justify">This milestone is particularly exciting for the largest cryptocurrency, as the use of protocols like Bitcoin Ordinals and Runes on the world’s first Blockchain has led to increased daily transaction levels over the past year.</p> 
<p style="text-align: justify">Moreover, developments such as the launch of spot Bitcoin ETFs in the USA and Hong Kong are among the fundamental factors that enhance the usage of the Bitcoin network.</p> 
<h2 style="text-align: justify" id="strong-the-journey-towards-two-billion-transactions-begins-strong"><strong>The Journey Towards Two Billion Transactions Begins</strong></h2> 
<p style="text-align: justify">On the other hand, Bitcoin is far from being the first Blockchain to achieve a network success of one billion transactions. For instance, its rival and the largest altcoin, Ethereum (ETH), has already facilitated approximately 2.4 billion transactions on its network. However, according to Clark Moody’s Bitcoin dashboard, Bitcoin reached this latest milestone at a slower pace, averaging six transactions per second in the last 30 days, just weeks after the most recent scheduled block reward halving.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-348059" src="https://coin-turk.com/wp-content/uploads/2024/05/Bitcoin-islemler.png" alt="" width="822" height="624"></p> 
<p style="text-align: justify">Although daily transaction fees have significantly decreased following the frenzy of block reward halvings, Bitcoin has begun its long journey towards a total of two billion transactions. The average of the last seven days of transactions on the network remains high compared to most of Bitcoin’s history, excluding the past year.</p> 
<p style="text-align: justify">Meanwhile, BTC has seen a 1.14% increase in the last 24 hours, trading at $64,172. Data shows that the largest cryptocurrency has experienced a 2.13% rise over the last seven days.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/bitcoin-surpasses-one-billion-transactions/" data-wpel-link="internal">Bitcoin Surpasses One Billion Transactions</a></h5>

Bitcoin Surpasses One Billion Transactions

Table of Contents

COINTURK NEWS

Další články publikované 6. 5. 2024

Nasdaq-listed Tiger Brokers rolls out online crypto trading to Hong Kong

Bitcoin (BTC) Rally: Is $65K a Realistic Target or a Potential Trap? Analyzing the Resurgence of ...

Hong Kong’s Bitcoin and Ether ETFs Struggle to Make Market Impact

Unveiling Tiger Brokers’ New Crypto Trading Platform: Spotlight on BTC, ETH Trading Support and More

Bitcoin Processes Its 1 Billionth Transaction As A BTC Whale Breaks Its 10-Year Slumber With $44 ...

JasmyCoin Soars as US Dollar Weakens

Join our free newsletter for daily crypto updates!