Bitcoin celebrated a milestone of 5,000 online days on September 12, 2022. Miners continue to solve valid block after block every 10 minutes.
On Monday, September 12, the world’s most popular cryptocurrency celebrated 5,000 days of uninterrupted operation. For 13.69 years, the network has been almost uninterrupted.
The blockchain has been online verifying that a block of transactions is valid every 10 minutes on average for 753,782 blocks (5,000 day). Additionally, has passed for 3,464 days.
Satoshi Nakamoto mined the first Bitcoin block on January 3, 2009. Satoshi Nakamoto mined the first Bitcoin block on Jan. 3, 2009. Five hours later, in block 74691, the blockchain had soft-forked and nodes reached consensus.
Bitcoin’s software split into two chains
2013 was the year that Bitcoin software broke apart, and the chain split into two. The blockchain went down for six hours and twenty minutes, causing a drop in price of more than 23%. It reached lows of $37. The total downtime for the Bitcoin network in 2010 and 2013 is approximately 0.01%.
Influencers of Bitcoin (Bitfluencers) were quick to celebrate the occasion by organizing boating accidents and other events where bitcoiners lose their private keys. Others expressed gratitude to the anonymous creator of this protocol:
Popular cryptocurrencies like Solana ( SOOL) and Ether ( ETHER_) can’t compete with Bitcoin’s uptime and decentralization. Solana is frequently affected by outages and was labeled a curse to the network. Ethereum’s creation was the result a hard fork.
Vitalik Buterin is Ethereum’s cofounder. He claimed in 2020 that “You could be net profit with as little as 60% downtime.” However, scaling payments on layer-2 is a difficult task.
Bitcoin will continue to be the most popular, secure, decentralized, and widely accepted cryptocurrency solution.
