Bitcoin goes to a new record for the number of transactions. Waiting for bullrun?
Source:
The number of transactions moving towards a new peak, which was not December 2017. All this is happening despite the bearish trend in length in 14 months. In addition to the increase in the number of transactions in the Bitcoin network, the world's largest cryptocurrency is undergoing a new round on the part of the actual application, especially in emerging markets. We will remind, according to the statistics of Google Trends, the interest in Bitcoin worldwide.
Data Blockchain.com show that the transaction rate is currently 3.8 transactions per second. The historical maximum was registered in mid-December 2017, when each second held a 4.7 transactions with BTC. However, in February 2018, the number of transactions has decreased significantly due to a sharp fall in the price of coins up to $ 6,000.
Source: blockchain.info
In Spite of consistent growth in the number of transactions, the Commission remains at extremely low levels. In 2017 along with the increase in the number of transactions has increased significantly and allocations to miners for carrying out these transactions. Then the figure reached $ 50, and this is a very significant increase from the former level of the dollar. Apparently, the Commission is not growing thanks to the efficiency SegWit.
theBitcoin goes to the former greatness
As written by Bitcoinist, Bitcoin TPS is not the only thing the dominant cryptocurrency shows the rise. According to the Coin Dance, significantly increased the amount of peer-to-peer transactions bitcoin through LocalBitcoins. At the same time Venezuela and Indonesia now record a record daily volume of transactions. Says a senior analyst at eToro's Mati Greenspan, Bitcoin great emerging markets with less stable economies.
Usage of is also really high at the moment. Near the highest it's ever been at 3.87 TPS (transactions per second).
This figure has been rising steadily throughout the bear market as more and more people use bitcoin.
— Mati Greenspan (@MatiGreenspan)
Despite a prolonged bear market, Bitcoin is a quite a viable solution for citizens of such countries.
The More data you look at . The current rate of coins can be found in our classroom .
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