Topic: More than 400,000 transactions in a single day - page 2. (Read 590 times)
It will continue to grow and grow but something still has to be done about the huge fees and transaction time for bitcoin to totally work as a daily currency we can't have people waiting 24 hours plus for conferment.
The bitcoin community is increasing every day and market cap of bitcoin grew from 10B to over 290B in less than a year. I don't think any business did it before.
Wow I didn't know this and it is a good step in the right direction. Now we need more accounts to get on SegWit so we can enable Lightning Network. Then people will really see the power Bitcoin possess.
Demand for bitcoin has definitely increased over last few months and price is also reacting accordingly. More and more common people are investing in bitcoin and moving their coins between wallets + exchanges to learn some basics of bitcoin and do some trading.
Many merchants accepts bitcoin payments so some % of those daily transactions might have came from such payments specially with bitpay.
Many traders right now moving their coins out of the exchange wallet because during huge pumps like this exchange platforms are not safe place to keep your coins.
Many merchants accepts bitcoin payments so some % of those daily transactions might have came from such payments specially with bitpay.
Many traders right now moving their coins out of the exchange wallet because during huge pumps like this exchange platforms are not safe place to keep your coins.
Huge number and it will increasing. This also shows that users have accepted the new fees policy as inevitable and price for using Bitcoin.
But is the Bitcoin system ready to take such burden without significant issues, is it ready for the future and much biger number of users and transactions? This is yet to see.
But is the Bitcoin system ready to take such burden without significant issues, is it ready for the future and much biger number of users and transactions? This is yet to see.
I thought it was impossible but it happened 4 times already:
https://blockchain.info/charts/n-transactions?timespan=30days
Forget the price rise, which is speculation, but the rise in the number of transactions per day is a sure sign that BTC is winning. And that, despite a huge number of unconfirmed transactions, and sky-high fees. I guess the price will keep on rising...
https://blockchain.info/charts/n-transactions?timespan=30days
Forget the price rise, which is speculation, but the rise in the number of transactions per day is a sure sign that BTC is winning. And that, despite a huge number of unconfirmed transactions, and sky-high fees. I guess the price will keep on rising...
I don't think this is just speculation, it is actually reality that we are now experiencing in the first place. The speculation is long gone and what we are seeing now is real investment and real people are taking everything seriously.
Yes, number of transaction are increased and that is also can be seen from the dominance % of BTC over the other currencies which makes sense its really winning.
Having 400,000 transactions a day sure shows that we're definitely slowly but surely moving towards mass adoption.
Though at the same time, having 100,000 unconfirmed transactions(200,000 a few days ago) shows that unfortunately we aren't ready for mass adoption yet. We're definitely going to achieve mass adoption with these extensive transaction times and abysmal transaction fees.
Though at the same time, having 100,000 unconfirmed transactions(200,000 a few days ago) shows that unfortunately we aren't ready for mass adoption yet. We're definitely going to achieve mass adoption with these extensive transaction times and abysmal transaction fees.
Indeed unfortunately the rise in the number of transaction has increased so massively that our blockchain is unable to take the load yet. The miners are numerous in number but still have insufficient power to solve the transaction and confirm it quickly. This is thinkable that does that mean our miners are not efficient enough or the hardware is not well verse with the block chain?
Such a large number of transactions - 400 000 per day, this indicates that interest in bitkoyu as payment means increases. In addition, it is necessary to take into account the approach of New Year and Christmas holidays, on the eve of which people are forced to make different purchases.
I think that the situation of bitcoin bandwidth will improve as the "lightning" project is implemented, which ensures fast transactions, including small transactions and with commission charges of less than one dollar.
I think that the situation of bitcoin bandwidth will improve as the "lightning" project is implemented, which ensures fast transactions, including small transactions and with commission charges of less than one dollar.
For sure the real number of transcations is much more than this as there are many buys and sells that are done in exchanges and they are not shown in blockchain.
yeah volume of $12 billion were withdrew the other day lol whales getting off the sinking ship besides holidays are comming, they going to buy luxury presents lol
I thought it was impossible but it happened 4 times already:
https://blockchain.info/charts/n-transactions?timespan=30days
Forget the price rise, which is speculation, but the rise in the number of transactions per day is a sure sign that BTC is winning. And that, despite a huge number of unconfirmed transactions, and sky-high fees. I guess the price will keep on rising...
https://blockchain.info/charts/n-transactions?timespan=30days
Forget the price rise, which is speculation, but the rise in the number of transactions per day is a sure sign that BTC is winning. And that, despite a huge number of unconfirmed transactions, and sky-high fees. I guess the price will keep on rising...
If you interpret the number of tx solely based on simple single numbers you're on the wrong path....
The last blocks:
498937 1,780 tx, size 1,146
498930 2,919 tx, size 1,084
And block
https://blockchain.info/block-height/367853 had 12239 at 999.956 KB
while block:
https://blockchain.info/block-height/492444 had 100 at 998.705 KB
Remember that bitcoin was supposed to carry 7tx/s that't 600k day.
The increase in number of transactions only means less inputs/outputs per tx.
Nothing more.
August 4, 2017 is the last below 200k recorded transactions per day and the price since that date is increasing up to this day despite of issues that against to Bitcoin so it's very true that a massive transactions is one of the main reason of the Bitcoin's growth.
How I wonder if Segwit2x was fully implemented in the Bitcoin network as we all know that the main purpose of this is to increase the blocksize and afterwards lightning network will take place, maybe it will cater all this 400k+ transaction in a day with much more faster and cheaper tx's, who knows.
How I wonder if Segwit2x was fully implemented in the Bitcoin network as we all know that the main purpose of this is to increase the blocksize and afterwards lightning network will take place, maybe it will cater all this 400k+ transaction in a day with much more faster and cheaper tx's, who knows.
I thought it was impossible but it happened 4 times already:
https://blockchain.info/charts/n-transactions?timespan=30days
Forget the price rise, which is speculation, but the rise in the number of transactions per day is a sure sign that BTC is winning. And that, despite a huge number of unconfirmed transactions, and sky-high fees. I guess the price will keep on rising...
https://blockchain.info/charts/n-transactions?timespan=30days
Forget the price rise, which is speculation, but the rise in the number of transactions per day is a sure sign that BTC is winning. And that, despite a huge number of unconfirmed transactions, and sky-high fees. I guess the price will keep on rising...
I agree that the sheer amount of transactions is a good sign for adoption, but I think we may be being misled by these numbers simply because more "traders" have gotten involved with bitcoin and this is causing many more transactions than would be considered "casual" as Satoshi put it once.
I fear that the congestion and fees being imposed upon us and the people trying to get newly involved in bitcoin might get out of hand as the traders continue to play with bitcoin. The consistent and large price swings of bitcoin are attracting the wrong kind of people in my opinion, wall-street investors are going to have a strangle on bitcoin before regular people will even get a chance to adopt; when they do adopt they will be scared away by these fees, confirmation times and "intimidating" technology.
Having 400,000 transactions a day sure shows that we're definitely slowly but surely moving towards mass adoption.
Though at the same time, having 100,000 unconfirmed transactions(200,000 a few days ago) shows that unfortunately we aren't ready for mass adoption yet. We're definitely going to achieve mass adoption with these extensive transaction times and abysmal transaction fees.
Though at the same time, having 100,000 unconfirmed transactions(200,000 a few days ago) shows that unfortunately we aren't ready for mass adoption yet. We're definitely going to achieve mass adoption with these extensive transaction times and abysmal transaction fees.
I thought it was impossible but it happened 4 times already:
https://blockchain.info/charts/n-transactions?timespan=30days
Forget the price rise, which is speculation, but the rise in the number of transactions per day is a sure sign that BTC is winning. And that, despite a huge number of unconfirmed transactions, and sky-high fees. I guess the price will keep on rising...
https://blockchain.info/charts/n-transactions?timespan=30days
Forget the price rise, which is speculation, but the rise in the number of transactions per day is a sure sign that BTC is winning. And that, despite a huge number of unconfirmed transactions, and sky-high fees. I guess the price will keep on rising...
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