Bitcoin's Blockchain Hits 1 Billion Transactions Mark, 15 Years from Birth
Today, the Bitcoin network has reached a major milestone as it successfully processed its one billionth transaction, signifying a significant moment in the cryptocurrency's approximately 15-year journey.
The significant occurrence took place 15 years, four months, and four days since the first block of Bitcoin's network was mined by its anonymous creator, Satoshi Nakamoto, on January 3, 2009. In its 5,603-day lifespan, Bitcoin has successfully handled an average of 178,475 transactions per day.
It should be noted that the mentioned transaction count does not encompass those conducted on the Lightning Network, which is a secondary network for Bitcoin.
Amid an exciting time for Bitcoin, the cryptocurrency has reached a significant milestone. The past year has seen a notable increase in daily transactions, thanks to the adoption of innovative protocols like Bitcoin Ordinals and Runes, which have drawn greater participation to the original blockchain. Furthermore, the introduction of spot Bitcoin ETFs has contributed to fostering a more favorable outlook on the digital currency.
The daily number of transactions on the Bitcoin network saw a substantial rise during the fourth halving event on April 20, reaching a peak of 926,000 transactions on April 23. This surge in activity was primarily due to the implementation of the Runes protocol, a new standard for Bitcoin tokens, at block 840,000. However, as of May 4, the daily transaction count on Bitcoin has decreased to 660,260.