Analysts from the US National Bureau of Economic Research (NBER) conducted a study of the distribution of bitcoins among all market participants. As it turned out, a third of all virtual coins belong to approximately 10,000 owners.
The technique is based on a specially developed algorithm. The program made it possible to distinguish between the ultimate owners of bitcoins and intermediaries in the face of exchanges and other structures. As it turned out, at the end of 2020, individuals owned 8.5 million digital coins, while exchanges owned 5.5 million.
It was found out that the first thousand of the largest investors own 3 million bitcoins, and another 5 million are in the hands of 10,000 people. According to NBER calculations, this is one third of all mined cryptocurrency. The statistics on miners are no less interesting. It is reported that 10% of them control 90% of the bitcoin mining capacity. Moreover, only 50 miners, or 0.1% of the total, provide at least 50% of all capacities.
In this regard, it is believed that such a high concentration of cryptocurrency in the hands of a small number of individuals puts the entire system at risk. So, there is a possibility that miners will be able to agree and take control of the main part of the network, taking possession of 51% of the capacity and being able to crack the bitcoin code.
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