Three startups are getting ready to launch one of the most ambitious and important cryptocurrency experiments since the creation of bitcoin itself. Called Lightning, the project aims to build a fast, scalable, and cryptographically secure payment network layered on top of the existing bitcoin network.
We’ve therefore developed a rubric that combines quantitative and qualitative metrics to holistically evaluate a cryptocurrency. To start, we identified 23 metrics that fit into six key categories (product, community, code, traction, trading, and network), with the goal of ranking currencies on a scale of one to three for each metric. To determine the benchmark for a metric, we took the top 50 coins by market cap (as of 1/26/18) and aggregated scores for each.
Cryptoasset prices have been quite turbulent in the past few weeks. At times like this it’s especially important to look at the fundamental foundations of cryptoasset prices, and quantitative metrics. Today I will share with you one of the main metrics we use in our investing decisions at Cryptolab Capital.
Decentralized exchanges — or DEXes — aim to tackle the problems that impede centralized structures by building peer-to-peer marketplaces directly on the blockchain — Ethereum mostly — allowing traders to remain custodian of their funds. However, building a fully decentralized and efficient exchange remains today something of a utopia. Exchanges are centralized because it is the simplest way to proceed, and it is either too costly or technically complex to build fully decentralized platforms — for now, at least.
A retrospective of a our journey so far, some insights on data driven, blockchain use cases, public utility networks, tokens and what lies ahead for BigchainDB.