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
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%|
This is the change in searches for “bitcoin” on Google.
And here are several Bitcoin Pizza Day slices served by the Cryptoverse. Happy party!
Bitcoin Pizza Day: 10 years ago, a programmer bought two Papa Johns pizzas for 10,000 $ BTC.
WOW # @PapaJohns posted a billboard ad to celebrate today’s #BitcoinPizzaDay ## https://t.co/Shhbx3s6XQ
Accurate images from today. https://t.co/5GnS8kKtta
It’s not about “the idiot” who spends 10,000 # bitcoin on pizza.
The famous #BitcoinPizza was an online transaction. This is one of the first physical stores to accept # Bitcoin … https://t.co/xeNURJ8jJJ
@hodl_american He is also said to be the man who invented GPU mining, so his pizza transactions can be a … https://t.co/IKZUGdDUXn