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HomeNewsBitcoin Achieves New Milestone As Network Records Over 500 Million Transactions

Bitcoin Achieves New Milestone As Network Records Over 500 Million Transactions

Information corroborating this is visible on blockchain analysis website Statoshi. The new announcement was also posted on Twitter by Statoshi co-founder and CTO Jameson Lopp.

Proper utility for Bitcoin began back in May 2010 when it was used to purchase two pizzas. At the time, the purchase was made by a Laszlo Hanyecz who bought the pizzas for 10,000 BTC. This was the first time Bitcoin was used in a physical transaction.

Bitcoin’s halving is expected in May 2020. The halving is an event that happens every four years and cuts miner block rewards by 50%. Bitcoin is expected to hit $90,000 after the halving.

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