673 billion Dollar on-chain transaction volume for Bitcoin in 2019
Bitcoin’s transaction volume moved close to its peak in 2019, making it more constant than in previous years. Overall, the value transferred by BTC corresponds to ten times what Paypal Mobile Payment Service Venmo did in 2018.
Bitcoin’s network was worth over $ 673 billion in 2019, with some impressive single transactions worth $ 1 billion. At the time, three blocks of Bitcoin were worth $ 8.9 billion in less than an hour.
Bitcoin did $673 billion in adjusted on-chain transaction volume in 2019, according to @coinmetrics.
$673,000,000,000 in a single year.
That is 10x what Venmo did in 2018.
It is nearly impossible to deny Bitcoin’s popularity globally.
— Pomp 🌪 (@APompliano) January 2, 2020
The Bitcoin network has also succeeded in this feat while fighting against significant market pressure, almost constant skepticism and possible regulatory intervention.
So far, Bitcoin transfers have extended far beyond most altcoins – both for large value transfers and for general crypto use.
While the sending of BTC can be checked in dealing with brokers and exchanges, the network itself is censorship-free. Unlike tokens, BTC transfers cannot be censored or undone, and this is a valuable feature.
image by Shutterstock
TheBitcoinNews.com – Bitcoin News source since 2012
Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. TheBitcoinNews.com holds several Cryptocurrencies, and this information does NOT constitute investment advice or an offer to invest.
Everything on this website can be seen as Advertisment and most comes from Press Releases, TheBitcoinNews.com is is not responsible for any of the content of or from external sites and feeds. Sponsored or guest posts, articles and PRs are NOT always flagged as this. Expert opinions and Price predictions are not supported by us and comes up from 3th part websites.
Advertise with us : Advertise