Michael Saylor, CEO of MicroStrategy, turned to social network celebrate Bitcoin’s latest milestone: 1 billion transactions.
Michael Saylor, CEO of MicroStrategy, turned to social network celebrate Bitcoin’s latest milestone: 1 billion transactions.
The transaction was recorded in block 842.241 on May 5 at 21:34 UTC, according to data provided by Clark Moody’s dashboard.
Approximately 15.5 million transactions have been recorded in the last 30 days.
He first Bitcoin transaction took place on January 12, 2009 between Bitcoin creator Satoshi Nakamoto and the late cypherpunk Hal Finney. Finney was given 10 coins as evidence. Shortly after, Finney had an email conversation with the mysterious founder of Bitcoin to inform him of some bugs.
finney He continued running Bitcoin for some time and then turned it off because it was causing his computer to heat up. The computer programmer was diagnosed with Lou Gehrig’s disease shortly after becoming the first person to receive a Bitcoin transaction.
After experimenting with Bitcoin and moving away from it, he was surprised to discover that it actually had monetary value in late 2010. The network ended up surpassing one million transactions in July 2011. Back then, the largest cryptocurrency was trading at approximately 15 dollars.
Finney, a leading candidate for Satoshi, died in 2014 after his battle with Lou Gehrig’s disease.
By the end of 2015, Bitcoin recorded 100 million transactions, which was a sign of its growing adoption. The largest cryptocurrency was trading at approximately $455. In February 2020, the network surpassed 500 million transactions when the cryptocurrency was trading just above the $10,000 level.
Saylor, one of the most prominent Bitcoin advocates, foretold that the market value of the flagship cryptocurrency could reach $100 trillion.
