Daily On-Chain Bitcoin Transactions Hit Yearly High

Despite the prolonged bear market of 2018, the year has seen a steady increase in the number of confirmed Bitcoin transactions. They are currently at their highest point since mid-January 2018. Real Adoption Regardless of the sharp decline in Bitcoin price in 2018, the cryptocurrency has seen a steady increase in the number of transactions throughout the entire year. Data from shows that the number of confirmed Bitcoin transactions is currently higher than that on January 17th, 2018 when BTC price 00 was around $11,000. It’s also worth noting that the proportion of Bitcoin payments made using the Segregated Witness (SegWit) protocol has also increased continuously throughout 2018. They currently comprise over 40 percent of all transactions carried out on Bitcoin’s network. Moreover, the Bitcoin network is now regularly producing blocks which are over the 1MB block size limit which was in place before SegWit. The above goes to show…

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