As of January 9, 2019, the number of confirmed daily transactions on the Bitcoin network (BTC) has risen to the maximum level for the last year.
According to the blockchain.com service, now up to 319,000 operations are performed per day. On average, about 281,000 transactions are made in the main cryptocurrency network in one week. Approximately the same number of transactions was recorded in the middle of January last year.
The largest number of transactions in the Bitcoin network was recorded in mid-December 2017. At that time, the number of confirmed daily operations on the BTC platform exceeded 490 0000.
In January 2018, there was a recession, which led to a drop in the number of transactions to its lowest level in April. Then, analysts recorded a drop in the number of operations to 135,000, and then the process of gradual restoration of user activity began.
Along with the fall in the number of transactions, the price of the main cryptocurrency has begun to decline. In November 2018, Bitcoin collapsed to an annual minimum. Now the coin has recovered a bit from the losses incurred and is being traded at a level just below $ 4,000.
Along with the decline in the value of the coin, transaction fees in the Bitcoin network fell to a three-year minimum. According to BitInfoCharts, now the amount of the commission for an operation on the BTC network is $ 0.029.
Posted from my blog with SteemPress : https://coinatory.com/2019/01/11/the-number-of-transactions-in-the-btc-network-has-reached-the-maximum/