approaches 2 million user wallets

Home » approaches 2 million user wallets logo. logo.

In early January, blockchain explorer and hosted wallet provider announced that it had crossed an important milestone: One million user wallets created. Founded in mid 2011, the company had spent well over two years building up that level of adoption, and the news was widely seen as an overall indicator of growing interest in bitcoin in general. A mere eight months later, and the news is equally staggering: This week, will cross 2 million user wallets.

By itself, the number of user-wallets isn’t a huge indicator. There are no limits to the number of wallets or addresses any user in bitcoin can have, and according to many analysts the best security practice is to use a new address for each transaction. In theory, the number of new wallets could reflect nothing more than the same users doubling up their wallets. Human nature, however, suggests that the massive increase in wallet numbers are a strong indicator of new users entering the bitcoin community, even in a period of lackluster price growth, increasingly regulatory oversight and not-insignificant privacy and security concerns. is admittedly one of the largest and most-known bitcoin-related websites, but it’s not unreasonable to suspect that other, similar services are seeing similar growth numbers. A month after Blockchain revealed their wallet numbers in January, Coinbase released new data claiming to have also crossed the one-million wallet threshold. Given the major business-adoption coups Coinbase has seen recently, it would hardly be surprising to hear that they too are approaching two million user wallets. Along the same lines, the explosion of Android and iOS wallet apps, as well as the growing number of users in Circle’s quietly growing beta test, hint that overall numbers of new bitcoin users in rapidly rising.

Much remains to be seen, of course, but a massive growth in user adoption can’t stay under the radar for long. Bitcoin’s blockchain is public, after all.

New Casinos is the BEST Gamblefi online casino and sportsbook I have seen to date. Don't miss this one if you are into Crypto Casinos

Get 180 free spins and up to 5 BTC in bonuses

CasinoMax: 325% match bonus up to $9750 + 25 bonus spins for 7 consecutive days

400% welcome bonus up to $8000. 40x wagering requirement is required prior to your first withdrawl

Great Welcome Slot Bonus!

Claim a HUGE 500% deposit bonus with no maximum with Crypto

© Copyright 2024 The Best Crypto and Bitcoin Casinos and Sports Betting Sites | Bitcoinx
Powered by WordPress | Mercury Theme