Bitcoin Celebrates Historic Achievement with One Billion Transactions in Block 842,241, Demonstrating Steady 15-Year Growth
In a remarkable milestone, the Bitcoin network has successfully processed its one billionth transaction. This momentous occasion occurred when transaction number 1,000,000,000 was mined into block 842,241 on May 5, according to data from Clark Moody’s Bitcoin dashboard.
Since its inception on January 3, 2009, when Satoshi Nakamoto mined the network’s very first block, Bitcoin has consistently witnessed an average of 178,475 daily transactions over its impressive 5,603-day journey, excluding those facilitated by the Lightning Network.
The remarkable growth of Bitcoin becomes apparent when examining the statistics, particularly the surge in daily transactions surrounding Bitcoin’s fourth halving event on April 20. This surge reached its peak on April 23, with a record-breaking 926,000 transactions processed. A significant portion of this increased activity can be attributed to the introduction of the Runes protocol, a pioneering Bitcoin token standard that was initiated at block 840,000.
Furthermore, the approval of spot Bitcoin ETFs in Hong Kong has injected a renewed sense of optimism into the Bitcoin ecosystem, signaling a growing acceptance and adoption by institutional investors.
As of the time of writing, the price of Bitcoin stands at $63,965, representing a notable 3% increase over the past week. This surge highlights the ongoing interest and confidence in Bitcoin as both a store of value and an investment vehicle in the ever-evolving digital economy.