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Bitcoin is now even more secure.
Compared to one year ago, the computing power deployed on the Bitcoin network by users all over the world has more than doubled.
The number of daily active addresses is stable.
In a big bear market, this kind of stability is an encouraging sign.
Transaction volume has doubled.
This tells us that, once the fever and frenzy were squeezed out of the market, stronger, steadier hands have prevailed and become more active.
The average transaction fee is down to about 25 cents.
That’s cheap, and another positive factor for adoption.
Bitcoin’s Lightning Network has grown nicely.
More importantly, there’s a lot more room to grow, with essentially no limit.
Does all this mean Bitcoin merits an upgrade? Maybe. But while adoption has been improving, our risk/reward metrics have been sliding.