The gap between rich and poor in Chainlink is growing. One percent of the largest accounts controls more than 80% of LINK tokenes
The gap in the welfare of the participants of the ChainLink project reached a three-year high. According to GlassNode, one percent of the largest accounts accounts for more than 80% of all tokens in circulation.
Analytical company experts explain:
"The share of LINK for 1% of the largest addresses in the percentage has just reached a three-year maximum at 81.737%. Previous peak was recorded on January 14, 2021 at the level of 81.658%. "
$ LINK. PERCENT BALANCE OF TOP 1% Addresses Just Reached A 3-Year High Of 81.737%
- GlassNode Alerts (@glassnodealerts) January 17, 2021
Previous 3-Year High Of 81.658% WAS OBSERVED ON 14 January 2021
View Metric: https://t.co/yu7mgxuke8.
CHAINLINK comparison with other cryptocurrency
Judging by Glassnode, the gap in welfare began to increase in mid-2019. At about the same time, the bullish trend began to emerge.
Given the percentage ratio of tokens, the distribution of chainlink on wallets looks unfair. However, the same trend is trained in almost all cryptocurrencies.
Even bitcoin, the first decentralized cryptocurrency, also demonstrates the concentration of wealth. Some experts are confident that the largest digital asset is very centralized in the market capitalization.
However, these statements are difficult to confirm or refute due to the lack of reliable data aggregation. According to BitInfocharts, almost all bitcoins are measured by 2.44% of the richest wallets. Wallets with 1 BTC or more accounts for 94.94% of all coins.
But if you dig deeper, it becomes even more interesting. About 85.5% of all coins in circulation are 0.4% of the largest addresses. The largest 2,500 wallets are 0.01% of the Bitcoin network - own almost 43% of all bitcoins produced at the moment.
Ether distribution to a little better: 100 largest wallets control over 35% coins in circulation.
Now compare this data with the statistics of the fiatat world. According to the study conducted by the Fedrev in 2017, 1% of the richest Americans controls 38.5% of total well-being, which is comparable to BTC or LINK.
What is ChainLink (Link)
ChainLink is a decentralized Oracle network that combines data from the real world with smart contracts and decentralized applications (DAPP). With the advent of DAPP there was a need for reliable and secure technology, which will allow you to load data in them.
This need had a chainlink project. It provides falsification-resistant input and output data for transactions on the blockchain. This network solves the task and finds use in many industries, including finance and social networks.
The POST More than 80% of Link token controls 1% of Appeared First On Beincrypto addresses.