Cryptocurrency Q&A
How many Bitcoins can a service hold?
How many Bitcoins can a service hold?
EthereumEagle
Sun Jul 07 2024
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6 answers
1524
Could you elaborate on the capacity limitations a service might face when storing Bitcoins? Are there any specific technical constraints that would dictate a maximum threshold? Additionally, are there regulatory considerations that might influence the number of Bitcoins a service can safely hold? Understanding the factors that determine this limit is crucial for both investors and service providers alike, so I'd appreciate a thorough explanation of the intricacies involved.
6 answers
Federica
Tue Jul 09 2024
Cryptocurrency services often facilitate the holding of bitcoins in a single address that belongs to multiple individuals.
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Maria
Tue Jul 09 2024
An example of such a service is Bitfinex, a renowned Bitcoin exchange that caters to millions of customers worldwide.
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Alessandro
Mon Jul 08 2024
Bitfinex holds over 18,000 bitcoins in a single address, representing a significant accumulation of digital wealth.
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SophieJones
Mon Jul 08 2024
If we consider each address as an individual entity, this particular address would appear to belong to a single person.
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Raffaele
Mon Jul 08 2024
However, in reality, this address likely represents the collective bitcoins of thousands of individuals who have entrusted Bitfinex with their digital assets.
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