While the leading cryptocurrency Bitcoin is trying to compensate for the sharp declines it has experienced in recent weeks, it exceeded $ 64,000 with the recovery over the weekend.
Major milestone has been reached in the Bitcoin blockchain as BTC continues to recover. Clark Moody's data revealed that the Bitcoin blockchain network surpassed one billion transactions on Sunday, May 5, The Block reported.
Bitcoin Reached a Major Milestone!
15 years after its launch, Bitcoin has reached a milestone, surpassing 1 billion processed transactions.
The Runes Protocol, which was launched after the halving in April, also made a great contribution to reaching 1 billion transactions. Because the number of transactions on the Bitcoin blockchain increased significantly after the launch of the Runes Protocol.
While the BTC community stated that approximately 800 weeks have passed since the 1 billionth transaction, they also pointed out that the Bitcoin network has the ability to process transactions smoothly with the highest security.
Analysts commenting on the subject pointed out that the Bitcoin blockchain has achieved significant success against payment giants such as VISA and Mastercard.
At this point, Matteo Pallegrini, the founder of the Orange Pill Application, stated that Bitcoin carried out its first 1 billion transactions in only 15 years, and compared to BTC, it took 25 years for Visa to reach the same level.
“This success in a short period of time underscores BTC's rapid growth and adoption in the payments space, as Bitcoin competes with numerous payment companies such as Visa, Mastercard, PayPal, Venmo and Alipay,” Pallegrini said. said.
Pallegrini and many analysts state that they believe that the adoption of Bitcoin and its success against global giant companies such as Visa and Mastercard will increase exponentially, and that spot Bitcoin ETFs will make a great contribution to this success.
*This is not investment advice.
