- According to Clark Moody’s Bitcoin dashboard, Bitcoin has processed over one billion transactions, marking a new milestone.
The world’s most valuable cryptocurrency, Bitcoin BTC +1.35%, has processed more than one billion transactions in the eight hundred weeks and one day since its launch on January 3, 2009, when its genesis block was first minted.
The achievement of the milestone coincides with a particularly exciting period for the cryptocurrency, which has experienced an increase in daily transactions over the past year due to the increasing activity on the world’s first blockchain due to innovative protocols like Bitcoin Ordinals and Runes. The introduction of spot Bitcoin ETFs contributed to the previous year’s strong attitude surrounding the unit.
Although Ethereum ETH +2.08%, a rival of Bitcoin, has performed about 2.4 billion transactions, it is by no means the first blockchain to reach the one billion transaction milestone. But according to Clark Moody’s Bitcoin dashboard, the cryptocurrency has been averaging 6 transactions per second over the last 30 days. This is a slower and lengthier route to the newest milestone, which coincidentally occurred just weeks after the most recent scheduled halving event.
The seven-day moving average of transactions on the chain is still high relative to the majority of Bitcoin’s history, with the exception of the last year, as the cryptocurrency starts the arduous trek towards two billion total transactions. Daily transaction costs have largely subsided in the wake of the halving excitement.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
