Bitcoin address lookup search and alerts. A Bitcoin address alone is not traceable, since there is no identifying information stored directly on the blockchain. But there are ways in which a person's identity can be linked to specific portfolios they own and the transactions they have made. Bitcoin addresses are the pseudonyms that individuals and businesses use to send and receive Bitcoin payments.
However, the addresses do not reveal the identities of the users behind them. That is the main element that contributes to Bitcoin's pseudonymous characteristic. However, Bitcoin stores and publishes all transactions and wallet addresses in a shared digital ledger for greater transparency. The amount of bitcoins each address stratum holds relative to the entire bitcoin supply fluctuates over time.
Today, only five bitcoin addresses contain between 100,000 and 1,000,000 BTC for a total of 778,627 BTC. The next 92 largest owners, ranging from 10,000 to 100,000 BTC, hold a total of 2,169,396 BTC. These 97 richest addresses represent 14.15% of total supply. Bitcoin addresses with 10,000 or more bitcoins are sometimes referred to as whales.
The platform can also be used to exchange cryptocurrencies, although Bitcoin is still the most used cryptocurrency of all. Regardless of the model used, there is a strict upper limit to the amount of bitcoins that will exist. People need Bitcoin addresses to transfer Bitcoin to each other and the process is similar for most other types of cryptocurrencies as well. Because bitcoin's market capitalization is small relative to the market capitalization of other currencies, small changes in demand or supply can produce higher price volatility than fiat currencies with a theoretically unlimited supply.
For that reason, the ownership percentage of the total bitcoin supply can be safely calculated using the maximum limit of 21 million. xFlow nSpect provides advanced and unique features for criminal investigations and intelligence that collect multiple blockchains of Bitcoin, Litecoin, Ethereum, Bitcoin Cash, Dash, Monero, etc. A Bitcoin address can come in the form of a string of 26 to 35 alphanumeric characters or a QR code. The following are fundamental ways to determine the identity of the individuals or websites behind Bitcoin addresses.
Combining two or more of these methods can make it very difficult to track Bitcoin transactions. The addresses allow this information to be recorded pseudonymously, in what looks like a bunch of random characters and amounts of bitcoins. Because virtual asset service providers (VASP), such as cryptocurrency exchanges, require users to comply with “know your customer” (KYC) regulations, exchanges provide one Bitcoin wallet per user.