Number of Blockchain wallet users globally 2016-2020

The number of Blockchain wallets has been growing since the creation of the Bitcoin virtual currency in 2009, reaching over 47 million Blockchain wallet users at the end of March 2020. Blockchain is the technology that made Bitcoin popular and is a critical part of most cryptocurrencies. A “block” in this case refers to a record of the owners of all bitcoins, as well as the previous owners. Since this “chain” of ownership is distributed globally, it is extremely difficult to alter the ownership records.

What is a wallet?

A “wallet” in the digital sense implies a layer of security known as “tokenization”. The user stores his or her personal data with the wallet provider in a digital account, or wallet. This provider sends payment information to vendors in the form of a token. This token, instead of containing the personal information of the account owner, only holds enough information for the wallet provider to associate the transaction with the correct account, usually an account number.

Other uses for blockchain

Blockchain’s use is not limited to cryptocurrencies. Its distributed ledger technology has applications in a variety of sectors, including non-financial industries such as healthcare and energy. As the number of blockchain applications rises, the number of blockchain wallet users will continue to increase.

Number of Blockchain wallet users worldwide from 3rd quarter 2016 to 1st quarter 2020

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Source

Release date

April 2020

Region

Worldwide

Survey time period

Q3 2016 to Q1 2020

Supplementary notes

End of quarter data.

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