2024

Bitcoin

April

Threshold

<p>Bitcoin, after a temporary crypto pullback, seems to be regaining its momentum, crossing a new milestone. Indeed, the world’s largest blockchain has just surpassed 1 billion transactions since its inception in 2009. A new landmark in the history of cryptocurrency!</p> 
<h2 id="h-bitcoin-crosses-the-billion-transaction-threshold">Bitcoin Crosses the Billion-Transaction Threshold</h2> 
<p>As Bitcoin resumes its race to new heights, possibly <a href="https://www.cointribune.com/en/bitcoin-at-73000-in-may-the-end-of-the-correction-the-rally-begins/" target="_blank" rel="noreferrer noopener">breaking through the $73,000 mark again</a>, its blockchain is also recording <strong>significant progress</strong>. With <a href="https://www.cointribune.com/en/bitcoin-is-evolving/" target="_blank" rel="noreferrer noopener">enhancements underway</a>, this achievement marks a new step in the evolution of this revolutionary technology.</p>
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     <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> has officially processed over 1 billion transactions. <a href="https://t.co/kS704YYoW5">pic.twitter.com/kS704YYoW5</a></p>— Wicked (@w_s_bitcoin) <a href="https://twitter.com/w_s_bitcoin/status/1787240456197222632?ref_src=twsrc%5Etfw">May 5, 2024</a>
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  “<em>Bitcoin has officially processed over one billion transactions.</em>“
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<p><strong>Eight hundred weeks and one day after its launch</strong> on January 3, 2009, Bitcoin, the world’s most valuable cryptocurrency, has crossed the threshold of <strong>one billion processed transactions,</strong> reports <a href="https://cointelegraph.com/news/bitcoin-reaches-one-billion-transactions" target="_blank" rel="noreferrer noopener">Cointelegraph</a>. This significant milestone comes as the cryptosphere is going through an especially exciting period.</p> 
<p>Bitcoin’s daily transactions experienced <strong>a peak around the fourth halving</strong> of the network on April 20, with a record-breaking <strong>926,000 transactions processed on April 23</strong>. Much of this demand is attributed to the launch of the Runes protocol, a new Bitcoin token standard, at block 840,000.</p> 
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<p>However, despite this peak, the daily transaction count for Bitcoin has fallen back to 660,260 on May 4. Nevertheless, this step marks a new era for the star crypto, which has experienced <strong>a steady increase in activity</strong> over the past year.</p> 
<p>The launch of <strong>new protocols</strong> such as Bitcoin Ordinals and <a href="https://www.cointribune.com/en/runes-dominates-bitcoin-transactions-securing-68-of-the-network/" target="_blank" rel="noreferrer noopener">Runes</a>, as well as the <strong>introduction of Bitcoin ETFs</strong>, have fueled this increase in activity, reinforcing the bullish sentiment toward the world’s oldest and most valuable cryptocurrency.</p> 
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<h2 id="h-ethereum-remains-in-the-lead">Ethereum Remains in the Lead</h2> 
<p>Yes, Bitcoin has crossed the billion-transaction milestone, an important step in the history of cryptocurrency, yet <strong>its rival Ethereum still holds the record</strong>. Ethereum has processed nearly <strong>2.4 billion transactions since its launch in July 2015</strong>.</p> 
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   Bitcoin Dashboard – Source: <a href="https://bitcoin.clarkmoody.com/dashboard/" target="_blank" rel="noreferrer noopener">Clark Moody</a>
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<p>The Bitcoin network has recorded an average of <strong>six transactions per second over the last 30 days</strong>, according to data from Clark Moody’s Bitcoin dashboard. However, it’s worth noting that these figures do not include transactions carried out on the Lightning Network, which is primarily dedicated to micropayments. According to data from the River bitcoin exchange, <strong>the Lightning Network has processed an estimated 6.6 million transactions </strong>in August 2023, suggesting that hundreds of millions of transactions have been made on this network since it launched in January 2018.</p>  
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<p>While the price of bitcoin is up at $63,750, it’s still down 13.6% from its all-time high of $73,740 reached on March 13.</p>

Bitcoin: New record, blockchain surpasses one billion transactions

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