- Bitcoin’s blockchain network surpassed one billion transactions on May 5, according to data.
- The leading cryptocurrency Bitcoin has exceeded $64,000 following a recovery over the weekend after recent sharp declines.
- Analysts highlight that this achievement represents a significant milestone for Bitcoin’s blockchain in comparison to payment giants like VISA and Mastercard.
Bitcoin’s blockchain network hits a significant milestone, surpassing one billion transactions, as the leading cryptocurrency recovers from recent declines and exceeds $64,000.
Bitcoin Reaches a Significant Turning Point!
Bitcoin, 15 years after its emergence, has reached a significant milestone by surpassing one billion processed transactions. The Runes Protocol, initiated after the halving in April, greatly contributed to reaching one billion transactions. The number of transactions on the Bitcoin blockchain significantly increased after the launch of the Runes Protocol. The Bitcoin community points out that it took approximately 800 weeks to surpass the billionth transaction, highlighting the ability of the Bitcoin network to process transactions with the highest security and without any issues.
Bitcoin’s Blockchain Achieves a Major Victory Against Payment Giants
Analysts commenting on the matter drew attention to the significant achievement of Bitcoin’s blockchain against payment giants like VISA and Mastercard. Matteo Pallegrini, the founder of the Orange Pill Application, pointed out that Bitcoin completed its first billion transactions in only 15 years, while it took Visa 25 years to reach the same level. Pallegrini emphasized the rapid growth and adoption of BTC in the payment field, stating, “This achievement in a short time while Bitcoin is competing with numerous payment companies like Visa, Mastercard, PayPal, Venmo, and Alipay underlines the rapid growth and adoption of BTC in the payment field.” Pallegrini and many analysts believe that the adoption and success of Bitcoin against global giant companies like Visa and Mastercard will increase exponentially, stating that spot Bitcoin ETFs will make a significant contribution to this success.
Conclusion
Bitcoin’s blockchain network reaching one billion transactions is a significant milestone for the leading cryptocurrency. This achievement not only highlights the rapid growth and adoption of Bitcoin in the payment field but also its potential to compete with global payment giants like Visa and Mastercard. With the continuous development and adoption of Bitcoin, its success is expected to increase exponentially in the future.
