The increasing number of Bitcoin transactions is the result of the system’s improvement and growth, some experts say.
The daily Bitcoin (BTC) 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.info. Some industry players believe that it is a sign of the evolution of the cryptocurrency’s ecosystem and fundamentals.
Bitcoin transactions per day. Source: transactionfee.info
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. Lopp wrote:
“A variety of improvements in block propagation have…
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