Ethereum: How can you say how many users have Bitcoin?
The world of cryptocurrencies is constantly developing, and understanding the basis of users of a specific digital resource, such as Ethereum, can be crucial for investors, developers and enthusiasts. A frequent use record, to evaluate the popularity or acceptance of cryptocurrency, is the number of its nodes, while another method implies counting the number of popular portfolio services. However, estimating the exact number of Bitcoin users is really impossible without specific data. In this article, we will examine both methods and provide several figures to give an idea of the Ethereum users base.
Nodes: Miara de Activity of Network
The nodes are computer programs that operate in the Ethereum network and verify transactions, which allows them to participate in the correction verification process. The number of nodes in the Ethereum network can be used as an approximate estimate of its general activity. When more users bind to the network, the effective validation of new transactions is becoming more difficult.
- According to Ethodes data, online monitoring of Ethereum nodes, there are currently more than 1 million Ethereum nodes active in circulation.
- However, this number can change when new wallets are connected and old disappear. For example, a study by Chainysis showed that the total number of Ethereum addresses on the web reached approximately 12 million in 2017.
Portfolio users: adoption measure
Wallets are programs used to store and manage cryptocurrencies such as bitcoin. The number of popular portfolio services can indicate their adoption level, because more people who use a specific portfolio indicate greater use.
- According to Blockchain.com data, which is one of the world’s largest wallets, there are more than 6 million Bitcoin active addresses.
- However, this number takes into account only people who use specific portfolio services and does not necessarily reflect the general reception of Bitcoins. In addition, some users can store many cryptocurrencies, including bitcoin.
FOUNDED ESTIMATION
Although it is difficult to give the exact number, you can spend polite according to these indicators:
- If we assume that each active Ethereum node represents about 100,000 transactions per month (approximate respect), this would translate into approximately 10 million unique users.
- In the case of Bitcoins, with more than 6 million active addresses, if each wallet user has an average of 1 bitcoin, there are dozens of millions of users.
It should be remembered that these estimates should be treated as approximate approximations than the final numbers. The cryptocurrency market is constantly being developed, and the user base of a specific resource can change significantly over time.