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The average US adult does 2.3 financial transactions per day. The all time high number of bitcoin network transactions in a 24h period is a bit less than 500k.
by kkielhofner 4y ago
The average US adult does 2.3 financial transactions per day.
The all time high number of bitcoin network transactions in a 24h period is a bit less than 500k.
The busiest day for Bitcoin usage worldwide is roughly equivalent to the population of Modesto, CA.
Blockchain occupies so much of the conversation and generates such incredible amounts of hype very few people truly understand just how insignificant it is in terms of not only the global financial system but also the internet. As you say billions of users and billions of transactions.
It's almost as though people forget these networks are completely public and open - adoption numbers for any chain are a blockchain explorer away.
- thinkmassive 4y ago> The all time high number of bitcoin network transactions in a 24h period is a bit less than 500k …on chain aka “layer 1”
- kkielhofner 4y agoThe L2s and high transaction rate chains don't look much better.
- kobieyc 4y agoDon't forget about the Lightning Network
- kkielhofner 4y agoIt's very difficult to determine transactions, addresses, etc on LN. I've searched far and wide I can't come up with accurate usage. If you have suggestions for where to look I'd love to check it out!