Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Bitcoin News & Updates => Topic started by: Tnoy30 on October 26, 2021, 01:34:55 PM
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The report also found that one-tenth of all Bitcoin miners control 90% of network hash rate. Researchers have found that roughly 11,000 entities are responsible for more than half of Bitcoin’s on-chain volume.
According to a study published by the National Bureau of Economic Research (NBER) on Oct. 21, 11,043 on-chain entities represent 55% of volume on the Bitcoin network. Cryptocurrency exchanges were estimated to account for three-quarters of on-chain volume.
Source: Roughly 11,000 entities represent 55% of Bitcoin’s on-chain volume
(https://cointelegraph.com/news/roughly-11-000-entities-represent-55-of-bitcoin-s-on-chain-volume)