Bitcoin transactions are over 500 million as of the beginning of February 2020. The number of transactions doubled in 3 years, from 250 million in 2017 to 500 million in 2020.
The Bitcoin network went live on January 3, 2009. Eleven years later, in 2020, the network processes over 500 million transactions.
Since 2017, Satoshi.info, named after the pseudonym of the presumable creator of Bitcoin, started tracking and recording the number of transactions on the Bitcoin network.
The data on Satoshi shows a constant increase in the Bitcoin transactions, year after year. In only 3 years, the volume of Bitcoin transactions has doubled and considering the same growth rate, Bitcoin transactions can exceed 1 billion transactions.
How did the community react to the 500 million milestone?
Today, as of block 00000000000000000001145bf2e7cb7f04df55feaf3b55d9f6511522bbbf333f at height 616064, Bitcoin surpassed 500 million transactions confirmed on the blockchain. https://t.co/eVLbYnHohj— Jameson Lopp (@lopp) February 5, 2020
500 million transactions confirmed on the Bitcoin blockchain.— hodlonaut🌮⚡🔑 (@hodlonaut) February 5, 2020
Bitcoin isn't talking about this. Or about how revolutionary and unprecedented its traits of censorship resistance and immutability are.
Bitcoin just is. And does.
One block at a time.
500.000.000 transactions processed on the #Bitcoin Network— ◼️➖◻️➖🔳 (@themazuma) February 5, 2020
📲Sender of bitcoin
| _ _ _ __ _ _ _ _ _ _ _ _
🏦 Governments |
🏦 Central Banks |
🏦 Corporations |
_ _ _ _ _ _ _ _ _ _ _ _ |
📲Receiver of bitcoin pic.twitter.com/9qmIteOiCH
Now, on to the next 500 million.