Topic: Bitcoin transaction reaches historic peak (Read 149 times)
China has been bullying everything especially if they don't find something to get their stake from it and the crypto industry is no safe because they have already done this kind of thing before. when they felt like lifting the banned again they will do it and change their decision all over again. That's why those mining companies that have the means to operate in another country leave them and don't play with their wind of change strategy regarding bitcoins and other cryptocurrencies. They want things are always fell into their hands but bitcoins are not only for one country, it's for everyone that's the thing they hate the most.
In the near future, I am pretty sure that we will be seeing it go much higher since I am sure that there are more people adopting bitcoin as time goes by.
Yeah you're right, even now the way I'm seeing cryptocurrency majority has adopted the use of Bitcoin, is now threading, the important of Bitcoin will be equivalent to usefulness of fiat, and while fiat is having more firm than cryptocurrency most especially Bitcoin is due to fiat is an ancient currency, and it started with coins before returning to paper, so in time coming crypto will be viral for multiple purpose through transaction's like fiat. 
In the near future, I am pretty sure that we will be seeing it go much higher since I am sure that there are more people adopting bitcoin as time goes by.
You've been around for 4 years and you still believe that the number of transactions in a block grows if more people are using it?
Usage has nothing to do with it, we had years of full blocks, the maximum number of tx can be achieved even now or we might never see one as the one ranochigo mentioned ever, as more services are batching transactions to save on fees.
Again, this is incorrect. If you want to determine how filled a block is, you're going to have to look at the block size as miners will always attempt to maximize that. Transaction counts are not relevant in this case. Pretty much every single block has been filled with the maximum size, even if it only contains 800 transactions.
Ps. The transaction volume is actually one of the lowest in recent months.
Ps. The transaction volume is actually one of the lowest in recent months.
I don't know where those journalists get their material or their sources.
Besides the stupidity of counting the tx in a block, China hasn't banned BTC, it hasn't even banned mining, that's a regional decision, damn, these days everybody is a journalist, analyst, specialist, and 99% of them don't have a clue what day is today.
Btw, it's not only the lowest in months, with the weekend being again so low inactivity and empty blocks we've managed to see the lowest numbers since 2018..
In the near future, I am pretty sure that we will be seeing it go much higher since I am sure that there are more people adopting bitcoin as time goes by.
Although daily thousands of Bitcoin transaction are settled and added to particular blocks mined every 10 minutes but on 12 June block number #687249 recorded maximum of 4075 transactions.Although normal transaction recorded are between 1000-1500 per block but this was 4x higher transaction.See full details in the image
This was relayed by one of the biggest mining pool Antpool and have gained 6.52 btc as reward in the form of 6.25 BTC(block reward) + Transaction fees
This is incorrect. The largest block had 12,239 transactions and was mined by F2Pool in block 367853: https://blockchair.com/bitcoin/block/367853. 4075 is nowhere near the maximum number of transactions that can fit in a block, you can fit far more if you only include Segwit transactions with all the transactions having 1 input and 1 output.This was relayed by one of the biggest mining pool Antpool and have gained 6.52 btc as reward in the form of 6.25 BTC(block reward) + Transaction fees
According to Chinese journalist Colin Wu this is result of China FUD and banning btc which has reduced the hasrate corresponding to slower block productions.What are you views on this?
Again, this is incorrect. If you want to determine how filled a block is, you're going to have to look at the block size as miners will always attempt to maximize that. Transaction counts are not relevant in this case. Pretty much every single block has been filled with the maximum size, even if it only contains 800 transactions.Ps. The transaction volume is actually one of the lowest in recent months. Note that the block referenced is quite special, just given to show how meaningless transaction count in a block actually is.
Although daily thousands of Bitcoin transaction are settled and added to particular blocks mined every 10 minutes but on 12 June block number #687249 recorded maximum of 4075 transactions.Although normal transaction recorded are between 1000-1500 per block but this was 4x higher transaction.See full details in the image
This was relayed by one of the biggest mining pool Antpool and have gained 6.52 btc as reward in the form of 6.25 BTC(block reward) + Transaction fees
You can have more look at this block here: Block
#687249
According to Chinese journalist Colin Wu this is result of China FUD and banning btc which has reduced the hasrate corresponding to slower block productions.What are you views on this?
This was relayed by one of the biggest mining pool Antpool and have gained 6.52 btc as reward in the form of 6.25 BTC(block reward) + Transaction fees
You can have more look at this block here: Block
#687249
According to Chinese journalist Colin Wu this is result of China FUD and banning btc which has reduced the hasrate corresponding to slower block productions.What are you views on this?
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