Bitcoin, the oldest and most valuable cryptocurrency, has achieved a significant milestone by completing its first billion transactions this week. It took fifteen years for Bitcoin, created in 2009, to reach this milestone, sparking excitement within the crypto community.
Social media platforms are abuzz with messages celebrating this achievement. Bitcoin’s popularity continues to soar currently priced at $63,582 (roughly Rs. 53 lakhs) on international exchanges like CoinMarketCap.
According to Clark Moody’s Bitcoin dashboard, the one billionth transaction occurred on May 5 at block 842,241. As of May 7, the total number of BTC transactions is 1,000,701,505.
Nischal Shetty, Founder and CEO of Indian crypto exchange WazirX, expressed his enthusiasm for the future, stating, “I’m excited about the day we celebrate 1B transactions per day in Web3.”
Bitcoin began its journey in 2009, averaging 178,475 daily transactions over its 5,603-day existence. This remarkable milestone comes shortly after Bitcoin’s fourth halving event on April 20. Just days later, Bitcoin reached its highest daily transaction count of 926,000, coinciding with the launch of the Runes protocol.
Bitcoin’s market capitalization currently stands at $1.25 trillion (roughly Rs. 1,04,87,989 crore), with over 19.6 million BTC tokens in circulation. Bitcoin’s all-time high of $73,790 (roughly Rs. 61.6 lakh) was reached on March 14.
