Despite the extended bear market of 2018, the 12 months has seen a gentle improve within the variety of confirmed Bitcoin transactions. They are at the moment at their highest level since mid-January 2018.
Regardless of the sharp decline in Bitcoin value in 2018, the cryptocurrency has seen a gentle improve within the variety of transactions all through your complete 12 months.
Data from Blockchain.com exhibits that the variety of confirmed Bitcoin transactions is at the moment greater than that on January 17th, 2018 when BTC value zerozero was round $11,000.
It’s additionally price noting that the proportion of Bitcoin funds made utilizing the Segregated Witness (SegWit) protocol has additionally elevated repeatedly all through 2018. They at the moment comprise over 40 % of all transactions carried out on Bitcoin’s community.
Moreover, the Bitcoin community is now recurrently producing blocks that are over the 1MB block dimension restrict which was in place earlier than SegWit.
The above goes to point out that regardless of the falling costs, Bitcoin steady to see elevated utilization and adoption.
Lightning Network on the Rise
2018 has additionally seen Bitcoin move different important milestones all year long. The Lightning Network scaling resolution has been growing its capability to succeed in greater than 5,200 nodes and over 19,000 channels.