Bitcoin (BTC) Hits 400 Million Transactions

[cybersofts]

The Bitcoin network just reached a new milestone.

More than 400 million transactions have now been processed on the network, according to the data tracker Smartbit.


Source: Smartbit

On average, the Bitcoin network is processing about 350,000 transactions per day at a speed of four transactions per second, with an average cost of $1.70 in fees per transaction. Since its inception in January of 2009, the network has been operating with nearly zero downtime. Estimates place Bitcoin’s uptime at 99.98%.

The number of blockchain wallet users has also reached a new all-time high at 35 million, up 45% since April 2018 when the number of users crossed 24 million.


Reference: https://dailyhodl.com/2019/04/09/bitcoin-btc-hits-400-million-transactions-ethereum-based-crypto-lending-platform-launches-and-tron-founder-reveals-big-donation/

[1714909670]

1714909670

[1714909670]

1714909670

[1714909670]

1714909670

[aad140386]

Despite the crisis in the crypto market, Bitcoin continues to evolve, and this suggests that soon we will witness a new rally cryptocurrency. Perhaps the growth will not be as fast as it was at the end of 2017 - the beginning of 2018, but it will be. In any case, fundamentally, Bitcoin is strong and a deferred interest from investors will not take long to wait. I hope that by the end of the year we will see Bitcoin at $ 10,000 for Bitcoin, and by the end of 2020 Bitcoin will cost 20-25 thousand. The only thing that can negatively affect the development of the blockchain is the global financial crisis that could happen in the next 2 years.

[Haunebu]

Nothing surprising here. Bitcoin has been recording new milestones left and right thanks to the ever growing cryptocurrency community and the steady adoption growth rate. I want to see the expressions on the faces of the haters who proclaimed that 'Bitcoin is dead'.

Majority of the TX records are from the 2017 crazy rally though.

[Beerwizzard]

Hm... I got an idea.
If there is any way to figure out which percent of those transactions is related to speculations (it supposed to be a pretty large number) thengeneral amount of transactions without speculations may show the exact usage of Bitcoin. That's not a super serious thing but we could be able to track the bitcoin adoption this way.

[Zadicar]

Hm... I got an idea.
If there is any way to figure out which percent of those transactions is related to speculations (it supposed to be a pretty large number) thengeneral amount of transactions without speculations may show the exact usage of Bitcoin. That's not a super serious thing but we could be able to track the bitcoin adoption this way.

Tracking it out? No we cant, out of those numbers we cant even identify about those tx related to speculations.It doesnt really matter at all the important thing is that we are seeing some progress here as the year goes by.

[mersal]

It is like a huge thing that to be considered about the Bitcoin development because if people don't want to take it as a serious job it will not go up like this and that will be huge opportunities in this Bitcoin development to make everyone life more peaceful and better than previous time and it will be the reason for the development like this.

[Ailmand]

Bitcoin passed all the tests of time and as time passes by, it receives more achievements that are making its foundation firmer. From an obscure platform to a well-grown cryptocurrency. Who would have thought that it could go this far? I'm sure that it will keep on soaring and would reach more achievements more than what we expect especially now that it's reaching every corner of the world.

[whirlcoin]

The Bitcoin network just reached a new milestone.

More than 400 million transactions have now been processed on the network, according to the data tracker Smartbit.


Source: Smartbit

On average, the Bitcoin network is processing about 350,000 transactions per day at a speed of four transactions per second, with an average cost of $1.70 in fees per transaction. Since its inception in January of 2009, the network has been operating with nearly zero downtime. Estimates place Bitcoin’s uptime at 99.98%.

The number of blockchain wallet users has also reached a new all-time high at 35 million, up 45% since April 2018 when the number of users crossed 24 million.


Reference: https://dailyhodl.com/2019/04/09/bitcoin-btc-hits-400-million-transactions-ethereum-based-crypto-lending-platform-launches-and-tron-founder-reveals-big-donation/

it deserves because there is no other currencies had so much population and development will happened in very short time and people were thinking this is the currencies for everyone in the future then only the development is seen by as like this

[akram143]

The Bitcoin network just reached a new milestone.

More than 400 million transactions have now been processed on the network, according to the data tracker Smartbit.


Source: Smartbit

On average, the Bitcoin network is processing about 350,000 transactions per day at a speed of four transactions per second, with an average cost of $1.70 in fees per transaction. Since its inception in January of 2009, the network has been operating with nearly zero downtime. Estimates place Bitcoin’s uptime at 99.98%.

The number of blockchain wallet users has also reached a new all-time high at 35 million, up 45% since April 2018 when the number of users crossed 24 million.


Reference: https://dailyhodl.com/2019/04/09/bitcoin-btc-hits-400-million-transactions-ethereum-based-crypto-lending-platform-launches-and-tron-founder-reveals-big-donation/

this statement says it as a record for Bitcoin transaction and it made with kine was stronger than before when people are interested in anything it will go early in the positive direction and development is confirmed about it and I am surely say it will be the most useful currency ever I have used it in my life.

[fiulpro]

Maybe the stability is what it needed all along.
This price is enabling people to get more involved with the Bitcoins and by people we mean not just the ones who are rich and have a lot of money to invest but even a normal market trader is now thinking about investing because of the past and the price right now.
It's literally brimming with immense potential and thus there is a scope for a lot of profit even if it reaches the price of 2017, therefore day by day people are getting more educated about it and considering adopting the Bitcoins into their normal investing strategy .
I think this is pretty well balanced because in this way they are not only helping the price to recover but at the same time they are getting profited.

[playboy654]

The chart is going upward very high direction so so it will be a huge development in recent time for Bitcoin and this transaction are most safe and Secure that's why people are trying to do it every time when they want to do it.

[okala]

400 millions transactions is a huge one despite of a decentralized network bitcoin is still doing great like this, and the recent stability have busted the confidence of new users to get fully involved. And from the chart it show the market is really growing and the number of wallets users are on the increase.

[ajaymukund]

That's why BTC's price has not shown signs of going down. The volume is increasing and there seems to be many investors participating in the crypto market.
I'm worried that sharks are trying to manipulate the price of BTC. They can make us excited now but they will sell off BTC when the psychology of investors is excited. So be careful in investing, always place stoploss orders to avoid risks.

[Beerwizzard]

Hm... I got an idea.
If there is any way to figure out which percent of those transactions is related to speculations (it supposed to be a pretty large number) thengeneral amount of transactions without speculations may show the exact usage of Bitcoin. That's not a super serious thing but we could be able to track the bitcoin adoption this way.

Tracking it out? No we cant, out of those numbers we cant even identify about those tx related to speculations.It doesnt really matter at all the important thing is that we are seeing some progress here as the year goes by.

We know addresses of major exchanges. It seems like if major exchanges support this thing and they would be able to count the amount of transactions they received. I think that some major crypto exchanges would be enough to make at least approximate calculations.
Sometimes police can track transactions, related to some serious dark web illegal stuff. I thing it is possible to gather some data used by legal services.

[Whosdaddy]

That’s a good news. Shows that there are lots of people who are into cryptocurrency, but I don’t believe the part that there are 35 million users. There might be up to 35 million wallets, but that doesn’t mean that there up to 35 million. Only one person is likely to own about twenty wallets and above, so how exactly who is making use of that wallet? There’s no possible way for anyone to reveal.

[judyrob]

Quite a lot of people are involved in crypto, this is one proof that crypto has many users and deserves to be a future coin. Even though the wallet was visible, at least there were many people who knew about bitcoin and its development.

[el kaka22]

I really think we are literally at the start just yet. 400 million is basically nothing compared to what other payment processors are doing and this is our TOTAL not even like daily thing.

By comparison bitcoin has about 5 transactions per second right now whereas visa has around 1600+ that is a 320 times the difference and it will take years for us to cover that difference. Even ethereum has more transactions than bitcoin right now because its cheaper and it has a utility of being used for digital stuff thanks to its smart contracts and dapps and all that.

We need to get bitcoin adopted more and used in much more places, we can buy it and sell it but when it comes to earning and spending options are still very limited, if we can get much more options than we can see that 400 million become 400 billion much more quickly.

[angel55]

400 millions transactions is a huge one despite of a decentralized network bitcoin is still doing great like this, and the recent stability have busted the confidence of new users to get fully involved. And from the chart it show the market is really growing and the number of wallets users are on the increase.

Compare that with credit card transactions over the same period or even just the last year and the amount for bitcoin will look very very tiny.

[dothebeats]

Network growth is inevitable IMO, considering that we continue to attract a lot of people in the field. Also, more and more services are sprouting from all directions that dabble with bitcoin and other cryptocurrencies, and that's also one factor I see for the growth of the network. While 4 txs/sec is ridiculously small on payment processing standards, it's a good start considering that the network had almost no outage or interruption whatsoever, and that's what matters most IMO.

[Crypdon]

The virus is spreading Keep it up everyone, the more use it gets the more people believe in it. Bitcoin is going to be the next global currency and will overtake both gold and the US dollar. Better stock up now while the prices are still reasonably.