The impossible task: can you send a Satoshi to every bitcoin address?

In 2020, the cryptographic community buzzed with excitement as Ethereum successfully completed its transition from the Work-of-of (POW) consensus algorithm to the POS (POS) model. However, one of the questions has been drawn in many people’s minds: can you send a Satoshit to any bitcoin address you have ever used?

Ethereum new POS consensus is an interesting development as it allows validators to provide the network by storing their own cryptocurrencies instead of relying on the energy -demanding mining process. However, this change does not allow for a small amount of cryptocurrency of the cryptocurrency, such as a sattoshi (0.0001 BTC) to all existing bitcoin addresses.

Database of Bitcoin Title

To solve the question, we need to understand how the Bitcoin network manages the titles. The blockchain has more than 6 million unique titles, each of which is related to a particular private key and public address. These titles can be considered as “used titles”.

In Bitcoin, new titles are generated by subtracting the user’s private key, which is then attached to the end of the previous hash. This process continues until new titles can be created. However, there is another complex: Bitcoin-Merkle trees.

The Merkle Fa

Merkle wood is a data structure that allows you to effectively store and retrieve hashok. Each title is once a Hashed and then multiple hashs of the intermediate hash (called “Leaf” hash). This process creates a wood-like structure where each node represents hash.

Bitcoin-Merkle trees store the entire Bitcoin blockchain in a way that allows quick searches and efficient storage. When generating new titles, the Merkle tree is updated by adding the new private key to the right leaf hashok.

Send a Satoshi to all addresses

Assuming that an infinite number of sastoshis is available, theoretically it is possible to send a Sattoshi to all existing bitcoin titles with the Ethereum POS model. However, many challenges and complexity do not make this task practical:

• Network Capacity : The Bitcoin network has finite capacity for transactions and blocking. Sending a Satoshi to all addresses requires enormous amounts of computational performance and energy, far beyond the current limits.

• Transaction fees

  : As you mentioned, transaction fees can be extremely high due to the complexity of the Ethereum blockchain and the need for confirmation schedule. This makes it difficult for a small amount, for example, to prove the sending of a Satoshi to each address.

• Block Size restrictions : The Bitcoin Network (1 MB) Block size limit limits the number of transactions that fit into a single block. If a Satoshi sends it to all addresses, you need to create thousands of blocks, each with billions of transactions.

To estimate the number of titles

In order to get a picture of how many titles are out there, we need to consider the number of unique titles created as the first block was mined in 2009:

• Bitcoin has been operating for more than 13 years.

• Each new title generates a private key subtraction.

• With about 6 million unique titles on the blockchain, and the coarse estimation of 10% of these is newly beaten (conservative assumption) each year, we can extrapolate the following:

6 000 000 Address \* 0.1 New Titles/Year = 600 000 New Address/Month

600 000 New Address/Month \* 12 Months/Year ≈ 7 200 000 Unique Addresses

Conclusion

While theoretically it is possible to send a Sattoshi to all existing bitcoin titles with the Ethereum POS model, the mere scale of the task is not practical and requires enormous amounts of computing and energy.