Bitcoin, the first and most valuable digital currency, has reached a major milestone this week by completing its one billionth transaction.
Since its creation in 2009, Bitcoin took fifteen years to achieve this milestone, which has been celebrated by the cryptocurrency community on social media platforms. Currently, Bitcoin’s price stands at approximately $63,582 on global exchanges like CoinMarketCap.
This significant achievement occurred on May 5 at block number 842,241, as reported by Clark Moody’s Bitcoin dashboard. As of Tuesday, May 7, the total number of Bitcoin transactions has surpassed 1,000,701,505.
Nischal Shetty, the Founder and CEO of the Indian crypto exchange WazirX, emphasized the importance of this milestone for the Web3 ecosystem. He expressed excitement about the future possibilities, envisioning a time when the Web3 ecosystem could witness one billion transactions daily.
Since the mining of its first block on January 3, 2009, the Bitcoin network has been in existence for 5,603 days. During this time, it has processed an average of 178,475 transactions per day, excluding those conducted through the lightning network, which facilitates quicker transactions.
