Bitcoin network has processed more than 500 million transactions

500,000,000 Bitcoin Transactions Processed

Bitcoin network has processed more than 500 million transactions

According to the analytical website Blockosain Statoshi, over the entire existence of the batcoin blockchain, more than 500 million transactions have already been confirmed in it..

The project representatives said that the milestone of half a billion operations was passed at the height of block 616064..

The first registered Bitcoin transaction took place over 11 years ago, on January 12, 2009. In it, Satoshi Nakamoto sent 10 BTC to Hal Finney, after which he started the mining process.

Bitcoin network has processed more than 500 million transactions

On October 5, 2009, cryptocurrency was first evaluated in fiat equivalent. Then 100 BTC could be bought for $ 0.43.

About six months later, the first ever purchase of a physical product for Bitcoin was made. These were two famous pizzas that Laszlo Hanec ordered for 10 000 BTC.

Bitcoin continues to evolve and gain popularity and its blockchain continues to form new blocks continuously.

Despite the overall growth, HODL has once again become the most popular strategy among crypto investors. According to research by fintech company Digital Assets Data, 60% of bitcoins haven’t left their wallets for over a year.

text: Ivan Malichenko, photo: iStock, graphic: Blockosain Statoshi