The Bitcoin network has reached a major milestone, processing its one billionth transaction yesterday, an achievement comes 15 years and 4 months after Bitcoin’s genesis block<\/a> was mined on January 3, 2009.<\/p>\n JUST IN: #Bitcoin<\/a> has officially processed over 1 billion transactions. pic.twitter.com\/bFbSW5NEAW<\/a><\/p>\n \u2014 Bitcoin Magazine (@BitcoinMagazine) May 5, 2024<\/a><\/p>\n At an average rate of 178,475 transactions per day<\/a> over its 5,603-day lifespan so far, Bitcoin has demonstrated the ability to handle significant volume securely without centralized intermediaries.<\/p>\n Many early critics argued nobody would use Bitcoin, but today, the network handles daily transaction volumes on par with major payments giants.\u00a0<\/p>\n This milestone also comes on the heels of Bitcoin’s recent all-time high above $73,000 in March 2024. The excitement around the latest halving<\/a> event and new protocols like Ordinals and Runes have driven surges in network activity.<\/p>\n All told, April 23 saw a single-day transaction record above 926,000, and while volume has moderated from those highs, Bitcoin continues averaging 600,000+ transactions in May 2024.<\/p>\n