Bitcoin network has processed over one billion transactions since network debuted 15 years ago. Transaction 1,000,000,000 was processed in block 842,241 at 9:34 pm UTC on May 5. Much of recorded demand came from Runes Protocol launch at block 840,000. As reported in a previous FXStreet publication, the new standard has recorded significant support, enough to see the Bitcoin network hit a milestone.
Possible ways that Runes Protocol contributed to one billion transactions By enabling off-chain transactions, Runes Protocol helps reduce congestion on the Bitcoin network, allowing more transactions to be processed quickly and cost-effectively. This scalability solution contributes to the overall growth and adoption of Bitcoin by providing a way to handle a higher volume of transactions. In so doing, it helped the network reach the milestone of one billion transactions.
Source: Digital Coin News (digitalcoinnews.net)
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