HomeCRYPTO COINSNumber of Bitcoin Transactions Reached Historic Peak in Today’s Block
Number of Bitcoin Transactions Reached Historic Peak in Today’s Block
June 13, 2021
Bitcoin (BTC) block 687249, which appeared today, contains a record number of transactions: 4,075. Journalist Colin Wu explained the reasons for this.
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Chinese journalist Colin Wu, who produces news in the field of blockchain and crypto industries, reported today that the Bitcoin block number 687249, which was released on June 12, contains a record number of BTC transactions: 4,075. Normally, the average number of BTC transactions per block is usually 1609, with today’s figure increasing by a factor of 4.
Wu believes this spike is related to the Chinese government’s restrictions on Bitcoin miners this week and the massive drop in the Bitcoin hash rate, which has shown a slowdown in Bitcoin block production. Wu uses the following expressions:
On the other hand, another user stated that the reason for this was not related to the news that created FUD in China, but only because of the 3000 SegWit transactions in that block.