Bitcoin network surpasses 400M transactions, community celebrates major milestone

The number of transactions on the Bitcoin blockchain ledger has surpassed 400 million with block 570,761.

These transactions were made during the bitcoin's ten years of existence and were celebrated across the Bitcoin community.

That same community is currently celebrating another major milestone reached by the coin-exceeding 400 million transactions.

8, block 570,761 pushed the Bitcoin blockchain ledger over 400,001,789 transactions.

In the thread that followed, various users provided insight into the exact methods used to calculate the number of transactions.

Some pointed out that the size of the block wasn't important in the context of the number of transactions on the network, but noted that the maximal size of a block.

Transactions on the Bitcoin network have been on an upward trajectory.

More than 401,000 transactions, making the 9th best day in terms of transactions processed by Bitcoin miners.

April's record number of transactions also came close to challenging the network's all-time-high recorded on Dec. 14, 2017.

Its VisaNet network handles an average of 150 million transactions every day, its centralized nature makes it hard to make a one on one comparison with blockchain-based networks such as that of Bitcoin.