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Bitcoin has surpassed one bill...Bitcoin's journey to the one billion mark has been characterized by a slower pace
Bitcoin, the pioneering cryptocurrency, has achieved a significant milestone, crossing one billion processed transactions after eight hundred weeks and one day since its inception on January 3, 2009. This achievement marks a momentous occasion in the history of digital currency, highlighting its enduring relevance and adoption globally. Over the past year, Bitcoin has experienced a surge in daily transactions, fueled by innovative protocols such as Bitcoin Ordinals and Runes, which have attracted a growing number of users to the blockchain. Additionally, the introduction of spot Bitcoin ETFs has bolstered bullish sentiment, contributing to heightened activity on the network.
While Bitcoin's rival Ethereum has processed nearly 2.4 billion transactions, Bitcoin's journey to the one billion mark has been characterized by a slower pace, averaging six transactions per second over the past 30 days. This latest milestone comes shortly after its most recent programmed halving event, signifying the continued evolution of the cryptocurrency ecosystem. Although daily transaction fees have stabilized following the halving hype, the seven-day moving average of transactions remains notably high compared to historical levels. As Bitcoin embarks on its path towards two billion total transactions, it reaffirms its position as the leading digital asset shaping the future of finance.