• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Concerns Arise Over Dormant Bitcoin Addresses

user avatar

by Zainab Kamara

2 hours ago


A recent analysis has sparked discussions within the crypto community, highlighting a significant issue regarding Bitcoin's supply. The source reports that a staggering 30% of all Bitcoin is held in old, inactive addresses, many of which do not adhere to current security standards.

Analysis of Dormant Coins

The analysis indicates that these dormant coins, which have been accumulating over the past decade, could lead to network congestion during future upgrades. This situation poses a challenge as the inactive addresses primarily belong to early miners, original holders, and long-term custodians who may have lost or compromised their private keys.

Governance Concerns

As the Bitcoin network continues to evolve, the presence of these inactive coins raises governance concerns. The potential difficulty in accessing these funds could complicate decision-making processes and impact the overall health of the network. Stakeholders are urged to consider the implications of this dormant supply as they plan for future developments.

In contrast to the concerns raised about Bitcoin's dormant supply, The Graph has recently demonstrated strong trading momentum. For more details, see the full report on The Graph.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Upbit Announces Listing of Monad MON on November 25

chest

Upbit, South Korea's largest crypto exchange, will list Monad MON with trading pairs in KRW, BTC, and USDT starting at midnight on November 25, 2024.

user avatarTomas Novak

Solana ETFs Experience Significant Capital Inflows

chest

The launch of spot Solana ETFs in the U.S. has led to substantial capital inflows, indicating strong institutional interest.

user avatarMaya Lundqvist

XRP ETFs Show Strong Performance Amid Market Dynamics

chest

XRP ETFs showed strong performance with a net inflow of 164 million, while the first Dogecoin ETF had no net inflow despite high trading volume.

user avatarKaterina Papadopoulou

Grayscale Launches New Dogecoin and XRP ETFs, Shaking Up Crypto Markets

chest

Grayscale Investments launches Dogecoin Trust ETF GDOG and XRP Trust ETF GXRP on NYSE Arca, attracting institutional investors and impacting market liquidity.

user avatarLeo van der Veen

Nado's Kinetic Collateral Revolutionizes On-Chain Trading

chest

Nado's innovative kinetic collateral system is set to revolutionize on-chain trading by merging all asset values into a single dynamic pool.

user avatarLi Weicheng

Nado Launches High-Speed Perpetual Exchange

chest

Nado has launched a high-speed perpetual exchange with a 515ms matching engine, enhancing on-chain trading efficiency and liquidity.

user avatarAisha Farooq

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.