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The Bitcoin network has reached a significant milestone by processing its one billionth transaction, as shown on Clark Moody’s Bitcoin dashboard. This landmark event occurred 15 years after the creation of Bitcoin by the pseudonymous Satoshi Nakamoto, who mined the first block on January 3, 2009. On average, the network has handled 178,475 transactions daily over its 5,603-day existence, not including transactions on the Lightning Network, which focuses on micropayments and processed an estimated 6.6 million transactions in August 2023 alone.
The surge in Bitcoin transactions was notably influenced by the network’s fourth halving event on April 20 and the launch of the Runes protocol at block 840,000, which saw a record 926,000 transactions on April 23. Although the daily transaction count has since decreased to 660,260 as of May 4, Bitcoin’s transaction volume remains robust compared to other cryptocurrencies. Despite this achievement, Bitcoin still trails behind Ethereum, which has processed over 2 billion transactions since its inception in July 2015. Currently, Bitcoin’s price stands at $63,750, reflecting a 12% increase from recent lows but still down 13.6% from its all-time high.
