The Bitcoin blockchain network has added 100,000 blocks in the last two years. Miners continue to remain active despite several attacks of environmental concerns.
The Bitcoin (BTC) blockchain network has attained a major milestone last week on September 11. Last Saturday, Bitcoin, the world’s largest crypto network, produced its 700,000th block that processed nearly 1,276 transactions.
As the Bitcoin blockchain continues to add more and more blocks, the total number of Bitcoin in circulation increases. As of now, the total circulating supply for Bitcoin stands at 18,812,950. This is nearly 89% of the maximum Bitcoin supply of 21 million.
Every two years, the Bitcoin blockchain has been adding 100,000 blocks to the network. This rate will certainly reduce with time as it gets more and more complex to block the remaining blocks. It is because of the inherent Proof-of-Work (PoW) algorithm of the Bitcoin blockchain that increases the mining difficulty.
Continue reading: https://www.coinspeaker.com/bitcoin-btc-700000th-block/
The Bitcoin (BTC) blockchain network has attained a major milestone last week on September 11. Last Saturday, Bitcoin, the world’s largest crypto network, produced its 700,000th block that processed nearly 1,276 transactions.
As the Bitcoin blockchain continues to add more and more blocks, the total number of Bitcoin in circulation increases. As of now, the total circulating supply for Bitcoin stands at 18,812,950. This is nearly 89% of the maximum Bitcoin supply of 21 million.
Every two years, the Bitcoin blockchain has been adding 100,000 blocks to the network. This rate will certainly reduce with time as it gets more and more complex to block the remaining blocks. It is because of the inherent Proof-of-Work (PoW) algorithm of the Bitcoin blockchain that increases the mining difficulty.
Continue reading: https://www.coinspeaker.com/bitcoin-btc-700000th-block/
