While Banks Were Closed, Bitcoin Hit 5,000 Days Online

Bitcoin celebrates a 5,000-day online milestone on September 12, 2022, as miners continue to resolve valid blocks on average every 10 minutes.< /p> New
The world's largest cryptocurrency reached a milestone on Monday, September 12: Bitcoin (BTC) celebrated 5,000 days of availability. The network ran almost smoothly for 13.69 years.

In Bitcoin parlance, the blockchain has been online, confirming a valid block of transactions every 10 minutes, on average, for 753,782 blocks (5,000 days). Additionally, 3464 days have passed since the last downtime incident.

Bitcoin's first block was mined by Satoshi Nakamoto on January 3, 2009. Bitcoin spent 99.9% of the year online, confirming valid blocks on average every 10 minutes until mined. calls the overflow incident. The incident refers to the creation of a "strange block", block 74,638, which resulted in the creation of billions of additional Bitcoins. Five hours later, during block 74,691, the blockchain was soft-forked and the nodes reached consensus.

In 2013, the Bitcoin software split and the chain split in two. The blockchain was down for 6 hours and 20 minutes, causing the price to drop over 23%, reaching lows of $37. The combination of Bitcoin network downtime between 2010 and 2013 creates approximately 0.01% of the total downtime.

Bitcoin availability by year. Source: buybitcoinworldwide.com
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Crypto Sep 12, 2022 0 78 Add to Reading List

While Banks Were Closed, Bitcoin Hit 5,000 Days Online

Bitcoin celebrates a 5,000-day online milestone on September 12, 2022, as miners continue to resolve valid blocks on average every 10 minutes.< /p> While the banks were closed, Bitcoin reached 5,000 days online New

The world's largest cryptocurrency reached a milestone on Monday, September 12: Bitcoin (BTC) celebrated 5,000 days of availability. The network ran almost smoothly for 13.69 years.

In Bitcoin parlance, the blockchain has been online, confirming a valid block of transactions every 10 minutes, on average, for 753,782 blocks (5,000 days). Additionally, 3464 days have passed since the last downtime incident.

Bitcoin's first block was mined by Satoshi Nakamoto on January 3, 2009. Bitcoin spent 99.9% of the year online, confirming valid blocks on average every 10 minutes until mined. calls the overflow incident. The incident refers to the creation of a "strange block", block 74,638, which resulted in the creation of billions of additional Bitcoins. Five hours later, during block 74,691, the blockchain was soft-forked and the nodes reached consensus.

In 2013, the Bitcoin software split and the chain split in two. The blockchain was down for 6 hours and 20 minutes, causing the price to drop over 23%, reaching lows of $37. The combination of Bitcoin network downtime between 2010 and 2013 creates approximately 0.01% of the total downtime.