Crypto News

The bitcoin network outperforms the Ethereum and XRP on the number of active addresses

Researchers from the team Glassnode found that bitcoin is ahead of its competitors in the number of locations showing a daily activity.

In particular, BTC is superior to the Ethereum network and litecoin on this figure is almost 3 and 11 times, respectively.

Most of the largest altcoins behind the first crypto currency network Ripple (XRP transactions). The number of active addresses on blockchain bitcoin XRP exceeds in 140 times, underlines the study of experts.

A day after halving (reducing rewards miners) in the network, the BTC has registered nearly 470 000 new addresses. For example – in a network of Ethereum during the day, the number of addresses grew by only 90 000.

According to the latest data, the number of bitcoin wallets containing more than 0.1 and 1 BTC reached 3,053 million and 815 698, respectively.

However, analysts note that the real application of the network of BTC is much lower since 95% of the total number of addresses contain a zero balance (626 million wallets). A large part of bitcoin addresses was devastated in the period 2017-2018.

But the Ethereum BTC exceeds the number of wallets with a non-zero balance. Experts explain such results by the need for ETH users to include addresses with a small amount of funds for gas.


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