Bitcoin network reaches historic milestone of 1 billion transactions

The Bitcoin network recently reached a significant milestone of processing 1 billion on-chain transactions. As reported by Clark Moody's Bitcoin dashboard, this landmark event occurred on 5/5 at 5:34 p.m. ET on the 842,241st block mined. At this point, the total number of transactions on the Bitcoin network reached 1,0000,323,746. These results were obtained more than 15 years after Bitcoin was first sold, and showed the enduring strength of this pioneering technology and an increase in usage.

The recent surge in transaction volume on the Bitcoin network appears to be heavily influenced by the implementation of the Rune Protocol and Bitcoin's fourth half-life. Both of these events took place on April 20. The Runes protocol is a new system designed to create bitcoin-based alternative tokens and has played an important role in recent increases in transaction volume.

In fact, on 4/23, the number of transactions per day reached a record high of 926,000. However, there were days when Bitcoin's movement was slow, such as 2/6, when only 278,093 transactions were processed.

The history of Bitcoin began with a mysterious creator, Satoshi Nakamoto, who sent the first transaction to Halfiny on 2009/1/12. Finney is an important person in the early development of Bitcoin, a potential candidate for Satoshi's true identity, and contributed greatly to the network before his death. The debate over Satoshi's true identity is still part of the mystery and tradition of Bitcoin.

Bitcoin has shown remarkable development and resilience from its small beginnings until reaching 1 billion transactions. As the network continues to grow, each milestone not only shows numerical results, but also solidifies Bitcoin's position as a foundational technology in the cryptocurrency landscape.