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Home»ADOPTION NEWS»Bitcoin exceeds 1 billion transactions processed within 800 weeks of launch
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Bitcoin exceeds 1 billion transactions processed within 800 weeks of launch

By Crypto FlexsMay 5, 20242 Mins Read
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Bitcoin exceeds 1 billion transactions processed within 800 weeks of launch
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Posted 1 minute ago In ~

800 weeks and one day later Bitcoin BTC

+0.32%
With the issuance of the Genesis Block, launched on January 3, 2009, the world’s most valuable cryptocurrency surpassed 1 billion processed transactions.

This milestone comes at a particularly exciting time for the cryptocurrency, which has seen daily trading levels rise over the past year as new protocols such as Bitcoin Ordinal and Loon attract more and more activity on the world’s first blockchain. The launch of a spot Bitcoin ​ETF has fueled bullish sentiment for the token over the past year.

Bitcoin is far from the first blockchain to hit the one billion transaction mark. rival Ethereum ETH

+0.73%
For example, it has processed nearly 2.4 billion transactions. However, over the past 30 days, the average rate has been 6 transactions per second. Clark Moody’s Bitcoin Dashboard Bitcoin has had a longer, slower journey to this latest milestone, which comes just a few weeks after its most recent programmed halving event.

Daily transaction fees have cooled significantly since the halving, but as Bitcoin begins its long journey toward 2 billion total transactions, the chain’s 7-day moving average of transactions remains high compared to most of Bitcoin’s history outside of last year. We are maintaining it.


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

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