Bitcoin (BTC) Achieves Historic Landmark with One Billion Transactions Processed

• The Bitcoin network has achieved a significant milestone, processing one billion transactions since the mining of its genesis block.
• This achievement comes less than three weeks after Bitcoin’s fourth halving event, which saw miners’ block rewards decrease from 6.25 to 3.125 BTC.
• New protocols such as Ordinals, Runes, and the BRC-20 token standard have contributed to a significant rise in daily transactions on the network.

Bitcoin, the world’s first and largest cryptocurrency, has achieved a new milestone by processing one billion transactions. This article delves into the factors contributing to this achievement and the future outlook of the Bitcoin network.

Bitcoin Processes One Billion Transactions

Bitcoin’s latest milestone comes less than three weeks after the network completed its fourth halving, which cut miners’ block rewards from 6.25 bitcoin to 3.125 BTC. The halving occurred on April 19, when Bitcoin’s total transaction count hovered around 990.64 million. The network has witnessed a significant rise in daily transactions in the past month, with the launch of new protocols like Ordinals, Runes, and the BRC-20 token standard.

Impact of New Protocols and Bitcoin ETFs

The launch of Ordinals brought ... Read the full article for FREE at COINOTAG!