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- Bitcoin, the cryptocurrency that began its journey on January 3, 2009, has now surpassed one billion transactions.
- The monthly transaction volume of Bitcoin has seen a surge in recent months, following the launch of protocols such as Ordinals and Runes.
- However, Bitcoin is not the first cryptocurrency to have over a billion transactions on its blockchain. For instance, the Ethereum (ETH) network has so far seen approximately 2.4 billion transactions.
Bitcoin surpasses one billion transactions, marking a significant milestone in its journey since 2009. The surge in transaction volume is attributed to the recent launch of new protocols.
Bitcoin’s Transaction Volume Sees a Surge
In recent months, the transaction volume of Bitcoin has seen a significant rise. This surge is attributed to the launch of new protocols such as Ordinals and Runes. These developments have led to an increase in the number of transactions, pushing Bitcoin past the one billion mark.
Ethereum Still Leads in Transaction Volume
Despite this milestone, Bitcoin is not the first cryptocurrency to surpass one billion transactions. The Ethereum network, for instance, has so far recorded approximately 2.4 billion transactions. This indicates the growing popularity and use of cryptocurrencies beyond Bitcoin.
Daily Transaction Count on the Rise
The daily transaction count on the Bitcoin network is significantly higher compared to previous years. According to data from The Block, the seven-day moving average of daily transactions on Bitcoin is around 505,000. This is a clear indication of the increasing use and acceptance of Bitcoin in the financial world.
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April Sees Over 14 Million Transactions
In the month of April alone, Bitcoin recorded 14.48 million transactions. This is a testament to the growing use of Bitcoin for various financial transactions, further solidifying its position in the cryptocurrency market.
Conclusion
Bitcoin surpassing one billion transactions is a significant milestone that highlights its growing acceptance and use. Despite Ethereum still leading in transaction volume, the surge in Bitcoin’s transaction count indicates a promising future for the cryptocurrency. As new protocols continue to emerge, the transaction volume of Bitcoin is expected to continue its upward trajectory.
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