Bitcoin Network today reached a new milestone of processing 500 million transactions. For the first time since it went live in 2009, the network crossed the threshold of half a billion transactions yesterday.
In Sept. 2017, the network had processed 250 million transactions and since then it has been on an incline. The growth rate as per the data site Satoshi didn’t show any signs of slowing come bear or bull market.
Related: Will Bitcoin Price Spike Above $10,000 Soon? 6 Reasons To Consider
Half a billion Bitcoin transactions
At this rate, in the next two years, we will be celebrating another milestone of crossing 1,000 million transactions on the Bitcoin network. Casa CTO Jameson Lopp celebrated the milestone on Twitter, saying:
“Today, as of block 00000000000000000001145bf2e7cb7f04df55feaf3b55d9f6511522bbbf333f at height 616064, Bitcoin surpassed 500 million transactions confirmed on the blockchain.”
?Half a billion #Bitcoin transactions?
— WizardofAus ???? (@BTCSchellingPt) February 5, 2020
The Bitcoin halving is on the horizon. Many analysts are calling for a new bull market. And the network just hit over half a billion bitcoin transactions. All in all, a pretty good start to the year.
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