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    Home ยป The number of transactions on the Bitcoin network continues to grow to record highs

    The number of transactions on the Bitcoin network continues to grow to record highs

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    By BlockchainJournal on April 10, 2019 News
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    The network of the largest cryptocurrency continues to break records in terms of processed transactions. For the first time, the Bitcoin network (BTC) handled over 400 million transactions.

    The core digital currency network was able to process 400,251,742 transactions. Now the BTC blockchain network processes, on average, about 350,000 operations daily. The platform manages to process 14,904 transactions per hour (just over four per second).

    Analysts attribute the sharp increase in the number of operations in the cryptocurrency network with its rise in price above $ 5000. It is worth noting that the number of transactions in the Bitcoin network has increased even against the background of maintaining a low value of the coin.

    As the number of transactions increased, transaction fees also increased. The average size of a single transaction rose to 5.44 bitcoins ($ 28,316). For the first week of April, the transaction processing fee exceeded $ 2.

    We also note that over the past day network users moved 1,956,321 BTC coins to the amount of more than $ 10 billion, which was about 11% of the total market capitalization of cryptocurrency.

    Publication date 10/04/2019
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