Happy Bitcoin Pizza Day: This is How "Toppings" Changed in 10 Years

Source: Adobe / XELAR

Between the event that survives as Bitcoin Pizza Day ten years ago and today, the world’s first cryptocurrency, Bitcoin (BTC), saw network statistics increase by six, eight, even fifteen digits.

Happy Bitcoin Pizza Day, Cryptoverse! For those new to this event, today we’re celebrating one man’s first crypto purchase – he bought pizza with a mind-boggling amount of bitcoin. On this faithful day in 2010, programmer Laszlo Hanyecz paid a Bitcoin Talk Forum user for two Papa John’s pizzas with BTC 10,000. At the time, this was worth about $ 25, but today we’re talking over $ 90 million! And Hanyecz should never forget it.

It was not possible (or was it?) To predict at that time which road BTC would take. Now in 2020, looking back over the past decade, we are able to see tremendous growth for this network, protocol and asset class, based only on numbers, not to even argue about regular adoption, higher institutional interest, many regulators and the changing and more favorable views of the authorities, better crypto education, etc. – all of which contributed to the increase in the network statistics of the coin, which subsequently leads to more adoption, etc.

To see how Bitcoin changed over time from the first pizza day, we looked at the progress from 2010 to today and found that:

  • The BTC price rose about 360 million% in ten years, from $ 0.0025 to more than $ 9,000 today.
  • Market capitalization increases by 56 million%.
  • Hashrate (network computing power) is going through the roof … of Burj Khalifa: It’s up 177 trillion%.
  • The block size is 270,000% larger.
  • The number of transactions per day increased by 536,000%.
  • The average value of transactions increased by 257,000%.
  • The number of active addresses is now 215,000% higher than ten years ago.

Bitcoin price chart

Happy Bitcoin Pizza Day: That
Source: coinpaprika.com

Here are more details about individual network statistics (starting with the first available 90-day moving average data):

Metrics First available date May 21, 2020 Difference
Hashrate 62 M on May 22, 2010 110 E 177 trillion%
Transactions 55 on May 22, 2010 294,906 536,000%
Active addresses 319 on May 22, 2010 686,000 215,000%
Block size, B 294 on May 22, 2010 794,164 270,000%
Market capitalization, USD 253,000 on October 14, 2010 142B 56 million%
Avg. value of transactions, USD October 10, 2010 25,700 257,000%

Source: Bitinfocharts.com

This is the change in searches for “bitcoin” on Google.

And here are several Bitcoin Pizza Day slices served by the Cryptoverse. Happy party!

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