Crypto News

Since its founding, the bitcoin network has processed the transaction at $11 trillion

Users of the bitcoin network since its establishment, it has made transactions totaling up to $11 trillion. Currently every day the BTC blockchain handles transactions for a total amount of $300 million to $1 billion.

In some periods the volume of transactions through the bitcoin network was estimated to $10 billion a day. This drew the attention of the bitcoin-trader under the name PlanB, analyzed the transaction on the blockchain in the period from 2009 to 2019.

Note that this expert is included in the camp of the so-called “bitcoin bulls”. He recently said that the reduction in the awards of the miners in may 2020 will lead to increased demand for the cryptocurrency and its price jump to $100 000.

User activity network of BTC remains high. The last peak was recorded in the beginning of this week in anticipation of the decline in the exchange rate of bitcoin to $7,500.

Observers believe that the increased users of the blockchain just signalled the exacerbation of volatility, but instead breakthrough the coin we saw her recoil.

During the 11 years since the launch of the first cryptocurrency, all transactions on the blockchain were anonymous, and nobody kept track of.

The main advantage of bitcoin is the fact that to freeze transactions in the network of BTC impossible. Although in recent years there were attempts of the Supervisory authorities to monitor transactions.

The bitcoin network now has more than 9333 active nodes (nodes). Most of the blocks are mined miners from China, this country still accounts for the lion’s share of Hasrat BTC.

Source:

coinspot.io

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