Report: Bitcoin Transactions Per Day Increase To January 2018 Levels
The daily Bitcoin transaction volume has been recently increasing to the levels not seen since January 2018, after BTC hit the $20,000 price mark, according to data from transactionfee.
Jameson Lopp, chief technology officer at Bitcoin personal key security system firm Casa, published a Medium post with an analysis of the fundamental performance of Bitcoin, concluding that “The system is improving and growing.” In the course of his investigation, Lopp delved into various sources and statistical measurements of Bitcoin’s growth over 2018.
In 2018, the percentage of BTC transactions spending SegWit inputs purportedly increased from 10 percent to 40 percent, while the average BTC transaction size found its peak at 750 bytes in February before falling to 450 in the fourth quarter of 2018.
In November 2018, crypto evangelist Anthony Pompliano stated in a blog post that Bitcoin fundamentals, such as cost per transaction and number of transactions, increased.
Pompliano emphasized seven fundamentals of Bitcoin, outlining the increasing number of Bitcoin wallets as well as the growth of the amount of daily confirmed transactions.
Ana Alexandre’s original article for cointelegraph.com reduced by 52%
Related story: Crypto Analyst Expects Bitcoin Bounce, Monthly MACD Signals Bottom
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