Only 37 percent of the addresses are considered "economically significant". How to understand this?
Source:
December 19, the research firm, presented an interesting report. It says that only 37 per cent of the total number of addresses have economic value. According to the data, today the network consists of 460 million wallets that are available to receive and send coins. And under economically meaningful addresses refers to those controlled by individuals or services, and constantly used.
Roughly speaking, the currently active address, only 172 million, and on an ongoing basis, the cryptocurrency is held by only 27 million addresses. Recall that both entrepreneurs and individuals can have as many addresses to work with .
The report Chainalysis also States that 147 million active addresses belong to well-known companies and services, exchanges or participants in the darknet. As the graph shows Chainalysis, for the period from August to October 2018 was conducted on the transactions of approximately 41 billion, of which transactions only 9 billion had real economic value.
Source: Cointelegraph
At the same time, according to Bloomberg, the number of transfers BTC to personal wallets started to rise shortly before the November collapse of the stock market. This was probably a sign that people have begun to stock up on bitcoins at a lower price.
theWhat's wrong with cryptocurrency?
On the Eve of the research firm Diar also revealed that switched to over the counter (OTC) markets Bitcoin markets with physical delivery of coins and higher liquidity. In 2018, the exchange reported a 20 percent increase in the volume of BTC transactions during the OTC trading.
As previously reported by Cointelegraph, most of the top 25 of CoinMarketCap kryptomere artificially the volume of trading. Agency the Blockchain Transparency Institute (BTI) calculated true volume of these pairs and found that «more than 80 percent of the volume of transactions on the Bitcoin 23 of 25 cryptomeria falls on manipulative technique wash trading». More data to search for .
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