The CTO of Glassnode, a German intelligence firm, <a href="https://www.linkedin.com/authwall?trk=gf&amp;trkInfo=AQGOsJMvf6oXKgAAAXIDe9KQbhkEfc9aKE73rJ1lR1r0g9OpHfK0VsJ5FZxVXkdIIQn3Yxrp6LNXIFYYCItHkNnCQToJRLLjH93UojM6ldDRinusgyTKWVe3CD4f-lheqt85gyw=&amp;originalReferer=https://www.cryptoglobe.com/latest/2020/05/data-scientist-says-bitcoin-s-network-fundamental-are-stronger-than-ever/&amp;sessionRedirect=https%3A%2F%2Fwww.linkedin.com%2Fin%2Frafael-schultze-kraft%2F%3ForiginalSubdomain%3Den" target="_blank" rel="noopener">Schultze -Kraft</a> has stated that the bitcoin network has gotten stronger and stronger over the last four years since the last halving in 2016. He believes that since 2016, there has been a massive upgrade and this is why he remains bullish on the king coin.

Just 24 hrs period to the halving, the Glassnode CTO decided to conduct a test to see how far the bitcoin network had come and analysed what changes have been made and what has improved.
<blockquote class="twitter-tweet">
1/ <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> fundamentals are stronger than ever.
As the halving approaches, let's zoom out and look at how on-chain fundamentals have developed historically, and how they compare to the last halving.

TL;DR – Network fundamentals are compelling; long-term bullish <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a>

THREAD ? <a href="https://t.co/7ck4TK3iHa">pic.twitter.com/7ck4TK3iHa</a>

— Rafael Schultze-Kraft (@n3ocortex) <a href="https://twitter.com/n3ocortex/status/1259584098932318208?ref_src=twsrc%5Etfw">May 10, 2020</a></blockquote>
<h2>Bitcoin Network Stronger Than Ever</h2>
The bitcoin network addresses have increased substantially by 234% and on a daily basis it gone up by 68%. The <a href="https://www.cryptoknowmics.com/news/number-of-bitcoin-wallets-holding-one-full-btc-increased/" target="_blank" rel="noopener">bitcoin wallets</a> holding 0.01 BTC has spiked too by  205% and with 0.1 BTC has grown by 142%. Both values hitting an all-time high in 2020.

Activity on the bitcoin network is 59% higher than what it was in 2016. The Glassnode report also suggests that a number of people holding 1 full Bitchin are 54% higher in 2020 than the last halving.  The volume department has gone up by 44%, whereas the mining hash rate increased by a staggering 6800%. Every department in the bitcoin network has made some strides and improvement can be seen on a grand scale in most.

The CTO concludes that while volatility remains an issue for bitcoin and that is something where work is still needed to convince the low-risk takers to enter the playing field, he believes that that sustainability and grand improvement the network has made from one halving to another is a sure sign that the network would keep getting better and better. The bitcoin network looks solid enough deal with whatever is thrown in its way post halving.

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Bitcoin Network Has Grown Substantially Since Last Halving

The CTO of Glassnode, a German intelligence firm, Schultze -Kraft has stated that the bitcoin network has gotten stronger and stronger over the years.

Zain is a fervid fan of bitcoin and has been meticulously covering the field for a fair amount of time now. An aficionado of Spider man, Liverpool and Slim Shady.

Bitcoin Network Has Grown Substantially Since Last Halving

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