Bitcoin completed one billion transactions on May 5 at block number 8,42,241. According to Clark Moody’s Bitcoin dashboard, the total number of Bitcoin transactions on May 7 was 1,000,701,505. First Bitcoin The block was mined on January 3, 2009. Over its 5,603-day existence, the Bitcoin network has processed an average of 1,78,475 transactions per day. This does not include transactions processed through the Lightning Network. The Lightning Network is the Layer 2 Bitcoin protocol that processes transactions faster.
Last month, Bitcoin’s fourth halving event took place. A few days later, it recorded the highest number of transactions of 9,26,000 in a single day. The creator of Bitcoin is called Satoshi Nakamoto. Satoshi published the first Bitcoin whitepaper on October 31, 2008 and at that time the price of Bitcoin was $0.0008. The current market value of Bitcoin is about 1.25 trillion dollars. Its total supply has been limited to 21 million tokens. Of these, approximately 19,695,050 tokens are in circulation.
Recently, Mark Plamer, analyst at Benchmark Company, had predicted that the price of Bitcoin could reach $ 1,50,000 by the end of next year. in many countries crypto Measures are being taken to regulate the segment. In this series, Britain has decided to merge the crypto segment with the regulated market. However, the central government remains strict regarding this segment in India. Finance Minister Nirmala Sitharaman has said that cryptocurrencies are not considered or seen as ‘currency’ in the country. On the question of change in the government’s attitude towards this sector after the boom in the crypto market, Sitharaman said, “The government has always believed that assets created around crypto should be assets for trading and many other things. We have not regulated these currencies and this is the position of the Central Government. There was a lot of growth in the crypto market after the Bitcoin Spot ETF got approval from the securities regulator in America.