In 2019, BTC set a record for hashrate and transaction count

The Bitcoin ecosystem is ending the year with very good results. Although the volatility of BTCremains weak, over the past few months the network hashrate has risen to a new high.

It reached its peak values ​​on December 21, when the hashrate came close to 114 exahash second (EH/s). This is evidenced by data from the Blockchain service.

As of December 26, the hashrate was still very high (just over 107 EH / s).

A positive trend is noted by many on Twitter. If you look at the graph presented by one of the users of the social network, you can see how the amount of computing power used to extract BTC has been increasing since the middle of the year.

Looks like Bitcoin hashrate hit ATH yesterday. Weird that I didn’t hear a single person mention this yet. pic.twitter.com/FbIRyqvWxf

- Sam Samskies? ⚡️? (@SamSamskies) December 24, 2019

Aggregate yearly bitcoin transaction volume on a USD equivalent basis reached an all time high in 2019. pic.twitter.com/1xDIgs0ukg

- TradeBlock (@TradeBlock) December 26, 2019

In addition, in 2019, a very goodBitcoin blockchain showed performance. According to TradeBlock, during the so-called June BTC rally, the network processed almost 12 million transactions. This indicator decreased only at the very end of the second half of the year.

The expert report also said that the total annual volume of bitcoin transactions in dollar terms reached a record level (almost $ 500 billion).

2020, according to many experts, will bemore disruptive for Bitcoin. The position of the first cryptocurrency will be strengthened due to the fact that the demand for alternative instruments will increase against the background of lowering interest rates and the emergence of a shortage of BTC after the so-called May halving.

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