The Bitcoin network has surpassed 500 1000000 transactions since going live over xi years ago.

According to blockchain analytics site Statoshi, in that location accept been one-half a billion transactions on the Bitcoin blockchain as of press time.

Source: Statoshi

Crypto firm Casa CTO Jameson Lopp, co-founder & CTO site Statoshi celebrated the milestone on Twitter, saying:

"Today, equally of block 00000000000000000001145bf2e7cb7f04df55feaf3b55d9f6511522bbbf333f at pinnacle 616064, Bitcoin surpassed 500 million transactions confirmed on the blockchain."

From the Start Bitcoin Transaction to Today'southward Milestone

The commencement-ever Bitcoin transaction took place on January. 12, 2009. Nakamoto and the late Hal Finney were the early on contributors to the project. Nakamoto sent Finney ten BTC equally a test, afterwards which the calculator scientist began mining blocks himself.

Ten months afterwards, on October. 5, 2009, the New Liberty Standard set an initial Bitcoin substitution rate against the dollar. At the time, $1 was worth 2300.03 BTC.

The first-ever transaction of Bitcoin for physical goods took place on May 22, 2022. The famous Bitcoin Pizza saw two pizzas bought for 10,000 BTC by Laszlo Hanyecz. The programmer had offered users on a Bitcointalk forum the BTC in exchange for two pizzas. A teenager named Jeremy Sturdivant, nicknamed Jercos, accepted the Bitcoin and sent Hanyecz 2 pizzas from Papa John'south. This marks the get-go commercial transaction for Bitcoin.

After 11 years, Bitcoin is now hitting another major milestone of passing half a billion transactions. As Twitter user Hodlonaut tweeted:

 "Bitcoin isn't talking about this. Or nearly how revolutionary and unprecedented its traits of censorship resistance and immutability are. Bitcoin just is. And does. Once block at a time."