With increasing adoption of the cryptocurrency, Bitcoin rang in the milestone of 100 million transactions.
Capping off an eventful year, the decentralized innovation deemed as a commodity, a currency and surely a cryptocurrency – Bitcoin, reached the seismic milestone of 100 million transactions recorded on the blockchain in December, the final weeks of 2016.
The growth of transactions has nearly doubled from the beginning of the year, when there were just over 55 million transactions recorded in the beginning of January. Over a 2-year period, the number of transactions has more than tripled and from Bitcoin’s millionth transaction in mid-2011, the number of transactions is now 100-fold in under a 5 year period.
Bitcoin also set another milestone over the weekend leading into the final week of the year. The cryptocurrency now sees over 15 million coins in circulation.
2015 began with 13.7 million coins in circulation and the next million coins will take longer to reach with the upcoming bitcoin halving that will see a lowered reward of 12.5 BTC from 25 BTC.
Image from Shutterstock. Charts from Blockchain.info.