Bitcoin breaks 500 million transaction milestone

Bitcoin breaks 500 million transaction milestone

Bitcoin breaks 500 million transaction milestone

The Bitcoin network has now processed 500 million transactions since it first went live on January 3, 2009. According to data site Satoshi—named after the pseudonymous inventor of Bitcoin—there have now been 500.0165 million transactions on the Bitcoin blockchain.

There has been an increase in the number of transactions on the Bitcoin blockchain per year. In 2017, it crossed 250 million transactions, before rising to 500 million today. At this rate, Bitcoin could cross 1,000 million in under two years.

As Bitcoin is gaining more and more popularity while getting accepted by many, the number of those using it for daily transactions will continue to increase and this will continue to increase the value of Bitcoin. It is only wise that you key into this cryptocurrency space now especially the millennials.

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