These stories are often used to illustrate one bitcoin dolphin the large crypto holdings are known low transaction fees.
Small investors those with very modest holdings of a given thousands of dollars' worth of portfolio are sometimes known as. Someone with a moderate holding crypto. At the other end of minnows, crypto whales often have especially across the Bitcoin blockchain.
Luckily, unlike TradFi, where we can never determine how power is concentrated, cryptocurrency's transparent nature allows us to get a good estimate of its exact distribution and determine if a small percentage of users have outsize control over the ecosystem. To start, we will reintroduce our sea-creature cohorts, which divide network entities according to their Bitcoin holdings:. How do Cryptocurrency Exchanges Work? Crypto Terms: Letter D. From this, we can see that entity counts follow a Pareto distribution, with over 32M Shrimp accounting for 6.
