milestone! Bitcoin confirms more than 500 million transactions

At 17:20:48 on February 5th, Beijing time, the height of the Bitcoin network block reached 616,064, and Bitcoin's 500 millionth confirmed transaction was born, which was nearly 11 years away from Bitcoin's first transaction.

According to data from the blockchain analysis website Statoshi, the number of transactions realized on the Bitcoin blockchain has exceeded 500 million.

b6bc5970c2fcaa9efa52eb49541dd3c8

Statoshi co-founder and Bitcoin influencer developer Jameson Lopp celebrated this milestone on Twitter, writing:

"Today, as of the 616064 block (00000000000000000001145bf2e7cb7f04df55feaf3b55d9f6511522bbbf333f), more than 500 million transactions have been confirmed on the Bitcoin blockchain."

2

Milestones from the first Bitcoin transaction to today

In history, the first Bitcoin transaction occurred on January 12, 2009, when Satoshi Nakamoto, the anonymous founder of Bitcoin, and the late cryptographer Hal Finney completed the historic transaction. Transaction. In this transaction, Satoshi Nakamoto sent 10 BTC to Hal Finney, and the computer scientist began his own mining work.

Ten months later, on October 5, 2009, the initial exchange rate of Bitcoin to the US dollar was born, and the exchange rate at that time was 1 USD for 2300.03 BTC.

The first transaction between Bitcoin and the real thing happened on May 22, 2010. A programmer named Laszlo Hanyecz completed a famous 10,000 BTC pizza transaction with a youth named Jeremy Sturdivant on the Bitcointalk forum. Bitcoin's first commercial transaction.

After 11 years, Bitcoin has now ushered in another major milestone, that is, 500 million transactions have been completed. As Twitter user Hodlonaut tweeted:

7

"Bitcoin is not empty talk about how revolutionary and unprecedented the carrying of censorship and immutability features is. Bitcoin is like that, indeed. One block at a time."