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Bitcoin reaches one billion transactions

An average of 178,475 daily transactions have been made on Bitcoin in its 5,603 day existence.

The Bitcoin network has processed its one billionth transaction — marking a huge milestone moment for the network 15 years after its creation.

Clark Moody’s Bitcoin dashboard shows that transaction 1,000,000,000 had been reached, which was mined into block 842,241 at 9:34 pm UTC on May 5, other data shows.

It comes 15 years, four months and four days after Bitcoin (BTC) pseudonymous creator, Satoshi Nakamoto, mined the network’s first block on Jan. 3, 2009.

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Despite Transfers Lingering in the Mempool, Bitcoin’s Daily Transaction Rate Taps All-Time HighBitcoin is on a roll in 2023, breaking records left and right. For instance, on May 2, at block height 787,895, the cryptocurrency’s hashrate soared to 491 exahash per second (EH/s). Moreover, on April 20, at block height 786,240, the difficulty hit a new high of 48.71 trillion. But that’s not the only thing that’s […]

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