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Bitcoin’s Historic Mining of 700,000th Block

Mohamed Abdelhamid 16 September, 2021 1:13 am Cryptocurrency

Bitcoin miners successfully mined the 700,000th block of the network, an achievement that is widely looked upon as a major historic milestone in September.
Bitcoin’s circulating supply amounts to 18,816,787 BTC and currently trades at USD 48,009, in defiance of its critics with Block Height at around 1,276 transactions embedded within it.
The 600,000 Block Mark was reached in October 2019 and it took the network less than 2 years to mine 100,000 more.
No message was embedded in Block 700,000 at this milestone but still, the community has interpreted the achievement as a small victory over its detractors.
Bitcoin still sits atop all other cryptocurrencies with a market capitalization of USD 903 billion. Circulating and the total supply of BTC is at 18,816,787 BTC out of a possible max supply of 21,000,000 BTC.

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