Simplifying Bitcoin Addresses Using DNS
DNS might be disregarded as old technology, but it could provide greater address functionality and ease of verification.This is an opinion editorial by Mark Jeftovic, cofounder and CEO of easyDNS Technologies Inc. and author of “Managing Mission Critical Domains and DNS.”From the moment I discovered Bitcoin back in 2013, I knew there would eventually have to be a way to reference wallet addresses using human-readable labels.The big problem with Bitcoin’s long addresses is that they are not memorable, and despite the pseudonymous or anonymous features of Bitcoin, a lot of the time you want....
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In this "Van Wirdum Sjorsnado" episode, the hosts discussed the ins and outs of Bitcoin addresses, including a bug with bech32 addresses. The post Explaining Bitcoin Addresses appeared first on Bitcoin Magazine.
Only using Bitcoin addresses one time is best practice. By using addresses more than once, users give up information that can result in negative outcomes.
Bitcoin’s top 100 richest addresses have snapped up almost 350,000 more BTC in the last 30 days. The top 100 richest Bitcoin addresses are increasingly bullish, accumulating 16% more Bitcoin over the last 30 days. In total these addresses added 334,000 more Bitcoin to their bags, or around $11 billion worth.The majority barely reacted to Bitcoin’s recent price drop from $41,000 to below $33,000. Only seven addresses conducted a transfer out of the wallet since the most recent all-time-high on January 10.Of the addresses that have transacted in the last 30 days, only eight of them have more....
Here's a chart you may or may not find of interest (but we did, hence the post). A distribution of bitcoins by address, as compiled by BitcoinRichList.com. According to a chart, about 95.46 percent of in-use addresses hold 0.001 BTC or less (as of block 280,000). That means that if any of your bitcoin addresses hold between 0.01 and 0.1 BTC, you're in the 1 percent of the 'richest' bitcoin addresses. With higher balances come lower percentages, but it's interesting to see the distribution of the 12+ million bitcoins out in circulation at the moment. It's also important to remember that....
While bitcoin has risen in value in recent times, jumping 8% during the last seven days, statistics show that the number of addresses holding bitcoin has surpassed 40 million addresses. Metrics from the analytics web portal intotheblock.com show addresses that hold any fraction of bitcoin tapped a 30-day high on March 24, reaching 40.25 million addresses.
Addresses That Hold a Small Fraction of Bitcoin or More Swelled Past 40 Million
Non-zero bitcoin (BTC) addresses or accounts that hold at least a single satoshi of BTC has grown at a parabolic rate since 2018. The news was....