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Esthereum users estimate: A complex and continuous challenge
Being one of the most used digital currencies, the base of Ethereum users is essential for general growth and development. Although it has been estimated that Bitcoin has approximately 60,000 active users based on an approximate number of clients connected in the last 24 hours, estimating the total number of users and Ethereum wallets is a significant challenge.
because it is difficult:
- Network congestion : The increasing number of transactions in the Ethereum network creates multiple connections, which makes it more difficult to carefully estimate the user’s activity.
- Diversified user base : Ethereum has an eclectic mix of users, including developers, investors, traders and consumers, each with different use models.
- Constant updates : As new functions are implemented, such as the development of smart contracts and decentralized applications (DAPPS), the number of active wallets can float.
Estimated intervals:
Several sources have tried to provide estimates for the total number of users and Ethereum wallets:
* Discussions about the BitcoinTalk Forum forum : In a wire in 2017, a user suggested that 100 million users could be possible, citing the massive flow of miners in 2016.
* Coindesk Article: A 2020 piece estimated that there could be up to 1 billion users on Ethereum, although this figure was extremely speculative and is not based on concrete data.
* The estimated number of ethereum.org : The official Ethereum site estimates about 10 million active accounts, but these figures are probably underestimated for different reasons.
The problem with Ethereum’s estimation:
Although it may be tempting to try to estimate the basis of Ethereum users using a simple formula or approximately, this approach is full of errors and uncertainties. The complexity of the Ethereum network, combined with the diversity of its users, makes the estimate a difficult task.
Conclusion:
Estimating the total number of users and portfolios Ethereum remains a demanding problem for sector experts. Although we may never know an exact figure, the actual number is likely to be between 100 million and 1 billion or more, depending on various factors.
While the Ethereum ecosystem continues to evolve and grow, continuous research and analysis will be essential to understand the basis of its users and develop effective strategies for its development and growth.