Learn Concept: Billionth Bitcoin Transaction and Revival of a Satoshi-era Wallet

By: Eva Baxter

Recently the Bitcoin network marked a significant milestone by successfully processing its billionth transaction, this achievement was reached nearly 15 years after the genesis block was mined. This event has not just represented a notable point in Bitcoin's journey, but also showcased the system's growth rate, overtaking traditional payment platforms such as Visa in transaction volume. The surge in Bitcoin's transaction volume can be attributed to its early adoption and the introduction of new protocols, such as Ordinals Inscriptions and Runes. Additionally, the launch of spot Bitcoin Exchange-traded funds (ETFs) earlier this year significantly contributed to this surge.

In a concurrent event, the crypto community observed activity from an early, idle Bitcoin address from the Satoshi Nakamoto era. The contents from this dormant address were transferred to two different addresses, sparking interest within the crypto community due to the massive worth of transactions moved.