Analytics firm Glassnode recently released a report which provided the data related to the total bitcoin holders across the world. According to the report, there are 23 million different entities that are bitcoin holders. The traditional method to find such data was easy. Since the bitcoin is designed as an open ledger, the transactions made by bitcoin are publicly visible and thus it becomes easy to map the number of total bitcoin holders. However, the method above has some flaws. The first and basic is that a person or a single user can have multiple bitcoin addresses and there is
