A firm measured how much is the amount of cryptocurrencies that have not moved for more than 5 years and determined that these BTC may have been lost forever.
It is possible that 29% of existing Bitcoins are lost. And it is that this percentage of the cryptocurrencies of that Blockchain did not move in more than five years.
This was reflected by the IntoTheBlock monitor, in a tweet published a few days ago, which points out the immobility of these coins in wallets and attributes it to the possible loss of the private keys that each owner has.
And consider this situation is not surprising, the cryptographic ecosystem is barely over a decade old, so the particularity of private keysfor a little more than five years, it is a matter of security and self-protection that was not as clear as it is today.
The easiest (and dumbest) way to lose your bitcoins is to lose your private key that allows access to the virtual wallets that store the cryptocurrencies. It is important to keep this data in safe places.
Source: Ambito
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