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The number of active addresses in the Bitcoin network has reached a new record

active-addresses-in-the-Bitcoin-network The number of active addresses in the Bitcoin network has reached a new record

Cryptocurrency enthusiast and researcher from America Alex Thorn discovered that the number of active addresses with a non-zero BTC balance was 28.39 million, and this is a new record.

The previous record was set back in January 2018. According to Thorn, this indicator is well suited to determine the total number of users of the first cryptocurrency. Although here you need to understand some subtleties.


As Alex Thorn noted, a single user can own multiple addresses. On the other hand, on several addresses of cryptocurrency exchanges may be Bitcoins of tens of thousands of users. Therefore, it is not possible to determine the exact number of users of the first cryptocurrency. However, the fact that the number of addresses with a non-zero balance is increasing clearly indicates an increase in the popularity of bitcoin and an increase in the audience of the first cryptocurrency. 

In early November, a Token Analyst study showed that there was a net outflow of cryptocurrencies from exchanges. This may indicate the desire of investors to keep their BTC, rather than trade them. 

SOURCE 

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