Ethereum: How can you say how many users have bitcoins?
The cryptocurrency world is constantly developing and understands the consumer base of some digital assets, such as Ethereum, can be crucial for both investors, developers and enthusiasts. One commonly used indicator of the popularity or cryptocurrency measurement indicator is the number of its nodes, while another method includes the number of users in popular portfolio services. Assessing the exact number of Bitcoin users is really impossible without specific data. In this article, we will examine both methods and provide several Balpark numbers to give you an idea of the Ethereum user base.
Number of nodes: Miara of network activity
The nodes are computer programs implemented in the Ethereum network and check transactions, which allows them to participate in the process of checking correctness. The number of nodes in the Ethereum network can be used as an approximate assessment of the total level of activity. When more users join the network, it is more difficult to effectively verify new transactions.
- According to ethnic data, the Ethereum internet nodes currently have over 1 million active Ethereum nodes in circulation.
- However, this number may fluctuate when the new wallets will join and the old ones disappear. For example, Chainalysis has shown that the total number of Ethereum addresses on the web reached about 12 million in 2017.
portfolio users: adoption measure
Portfolio are programs used for storing and cryptocurrency management, such as Bitcoin. The number of users of popular portfolio services can show their level of acceptance, because more people using a specific portfolio shows more use.
- According to data from blockchain.com, which is one of the largest wallets in the world, it has over 6 million active Bitcoin addresses.
- However, this number takes into account only those who use specific portfolio services and do not necessarily reflect the overall acceptance of Bitcoin. In addition, some users can store many cryptocurrencies, including Bitcoin.
Educated assumptions
Although it is difficult to provide the exact number, educated assumptions can be taken on the basis of these indicators:
- Assuming that each active Ethereum node represents about 100,000 transactions per month (approximate estimates), it will become about 10 million unique users.
- In the case of bitcoins, with over 6 million active addresses, if each portfolio user has an average of 1 bitcoin, there may be tens of millions of users.
It should be remembered that these estimates should be considered as approximate approximations, not the final numbers. The cryptocurrency market is constantly developing, and the consumer base of a specific resource can fluctuate over time.