Blocktivity - The real value of Blockchains
Blocktivity
The real value of Blockchains
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Hunter's comment
Blockchains and their cryptocurrencies are a new technology which is known for being volatile when looking at their market cap. Another way to look at Blockchains is by their usage through transactions.
Blocktivity offers live transaction statistics about the most used Blockchains in the ecosystem. And in addition a Activity Valuation Index (AVI) is given which is an index that compares the activity and market cap of a Blockchain to that of Bitcoins to determine a relative index value.
All in all Blocktivity offers a great additional way for looking at which Blockchain might be interesting to get to know more and see how it is developing over time.
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Hunter: @steempytutorials
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I have alwasys said that I would Hunt Bloctivity but I keep forgetting.
It goes a long way in showing Blockhains based on Capacity. It is a good place for Devs to review Platform Applications to build on, but I believe that Investors should not use the data there to make Investment decisions as there are various other things that determine the value of a coin.
Hunt On
Very good hunting @steempytutorials, this tool allows you to have another perspective of the price of your favorite cryptos. Then I will leave my personal opinion about this game.
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PS: Personally I believe and it is more than proven that the price of cryptocurrencies is dictated by the great miners. Since it does not suit them to have it very high so that they do not find so many active miners and not so low as to not be able to make profits above their production cost.
Hi @steemptytutorials,
Thanks for your hunt. I’ve reviewed and approved it. The hunt is on.
PS: I personally think that the short description is deceptive or clickbait. Blocktivity’s platform looks at the capacity blockchains have. More capacity may actually result in lower value, especially when no PoW is involved.
The key of for example BitCoin is its complexity, complexity also giving a real value to a token because of the average production cost. If BTC drops below $5k many miners will leave and the complexity will drop, making the actual mining cost lower.
I like Blocktivity, but Blocktivity is small in scope and there’s many more blockchains out there - some with very large capacity as well.
Example: Ripple.
Yet while Ripple has capaicity, it doesn’t matter on its value. Even less so because technically it’s a token created to be burnt. 🤷♂️
TL;DR: Blocktivity is cool but it has much less value than just a vanity badge. And it has no value whatsoever when it comes to determining the “real value of a token”.
Great hunt
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Best wishes
Lovely Hunt, Hunter.
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this is way cool, thnaks for finding it.
:)
Congratulations! Your hunt was ranked in 78th place on 27 Jul 2018 on Steemhunt.
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