While many continue to focus on Bitcoin’s price, its network has set a new record in its hourly USD transaction volume, recent data reveals.
For the first time in history, the network processed a total of $8.9 billion in on-chain transactions in a single hour on Dec 4th, a sign of a significant improvement of the blockchain.
In the last two years, Bitcoin’s daily transaction volumes have seen massive growth, increasing from a mere $200 million in 2017 to more than five times the number at the beginning of this year.
Although the new record does not seem to have any significant effect on the current price action and the market in general, it clearly shows how well the network has performed so far with more transactions being proceeded every day. Read More...