The Week in Bitcoin
New Milestone: Bitcoin Network Reaches 500 Millionth Transaction
The Bitcoin network hit a new milestone last week, as of block 616,064 to be exact, reaching over half a billion transactions. That’s half a billion peer-to-peer transactions, without a bank or financial institution in the middle. Completely censorship resistant. And the growth in transactions continues to climb, doubling in amount since 2017. On-chain transactions have often been seen as a useful metric in gauging Bitcoin’s fundamental analysis, and this is a very positive metric at the moment.
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