PARSIQ research finds Bitcoin wealth is almost 50 times more concentrated than global wealth

50% of Bitcoin wealth is controlled by 0.023% of wallet addresses1 – compared to 50.1% of global wealth controlled by 1% of the world’s population2   Tallinn – PARSIQ, the blockchain monitoring and intelligence platform, has today announced the results of its study on the distribution of cryptocurrency wealth across the top five cryptocurrencies. It has found that Bitcoin wealth is concentrated in a relatively small number of wallet addresses, and this number hasn’t changed significantly in years.   Cryptocurrencies were created with the desire to create a more egalitarian…

Read More

PARSIQ announces new platform which could be used to reverse crypto hacks

Tallinn, 7 June 2019: PARSIQ today announced its monitoring and event tracking platform to address the fundamental problems of analyzing complex blockchains in realtime, a problem that leads to reduced trust in the technology and increased instances of fraudulent activity.   The growth of cryptocurrencies and other blockchain-derived technologies is currently stunted by a lack of tools to monitor blockchain transactions. Currently available tools, like block explorers are lacking the automation and deep analysis features necessary to perform quality monitoring of blockchain at scale and in realtime.   The consequence…

Read More