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Bitcoin Network's Throughput Hits $2.1 Billion, A Strong Sign Of Network Health

Emily Mason

Summary: Bitcoin's network is supporting $2.1 billion economic throughput daily, data from Glassnode shows. Economic throughput measures the bandwidth of the network by multiplying the number of transactions on the chain by the average amount of those transactions. The report argued that Bitcoin's economic throughput has increased thanks to an increased number of transactions and an ...

Bitcoin's network is supporting $2.1 billion economic throughput daily, data from Glassnode shows.

Economic throughput measures the bandwidth of the network by multiplying the number of transactions on the chain by the average amount of those transactions.

The report argued that Bitcoin's economic throughput has increased thanks to an increased number of transactions and an increased average value for transactions. It noted that higher average transaction value is not associated with more frequent transactions.

By Emily Mason

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Link: Bitcoin Network's Throughput Hits $2.1 Billion, A Strong Sign Of Network Health   [Copy]
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