CoinCodeCap — Why should we track development progress of Cryptocurrencies?
Dear Crypto investors please come out of the market FUD(fear, uncertainty, and doubt), and focus on where blockchain currently lies and how its progressing. The future of crypto is depends on how we are going to develop this tech to serve human kind in its true potential.
Whenever you go to any forum or news site, Most of the time people talking about the price of crypto and the adoption. You find less articles around its development as a technology or technology itself.
Tech Development —> Value creation — > Mass adoption —> Money
Above is normal growth path for any industry but in terms of crypto this is flowing backwards and this is problematic.
Lets be frank you can’t expect that every one who is investing will know the technology, yes I said it and This is the truth. Most of the time understanding fundamentals of enough (unfortunate even that is not happening in this case).
So we created CoinCodeCap to track the development progress for different cryptocurrencies. (In future we’ll track every single currency and development around it.)
For example — ADA has more than 15 thousands commits and have 75 repos and one of the top committers in Crypto currency space. They talk about tech and they are creating it and you can observe it by seeing commit history of it’s Github Project.
If you want Ada Widget to add on your site or any other available currency’s development progress on your website, get a widget from CoinCodeCap.
Today I want to emphasis on the pure tech side of crypto. The Utopian dream of bitcoin created criticism when fee went to 20$/transaction . I don’t want to go deep why this happen? Why bitcoin didn’t updated itself with bleeding edge solution or innovating new solution on its most trusted blockchain(even being the most valuable coin in the market)?
The highest number of transaction ever happened in the day was with the rate of 15.6 transaction per second on ethereum blockchain (source). Do you think its enough for a solution which are going to change the way we do exchanges?
Below is the matrix of Github commits/month vs Market Capital of last six months. If you see correlation between these two metrics it give us Correlation coefficient of 0.153 and this include small coins too.
But if you remove small coins and see than it give us Correlation coefficient of 0.226. In simple worlds Mature project doing more development and pricing is also moving with it.
There are ICOs which are raising funds and scamming the investors. In this market, its necessary that you monitor the technological aspect of the crypto, becasue today’s investors consciousness will create something which can help human for a long time. If we didn’t follow the tech progress and went with market FUD than you will have an inevitable market crash and people will loose trust in market as well as in technology and we don’t want it because no one can deny the enormous potential of blockchain technology.
So come join us to increase the awareness around blockchain tech and track it so we can make sure our investment in right direction for building solution for next generation.
At CoinCodeCap, We track more than 700 currencies with their github data and we are just started. We are trying to build consciousness around crypto development and why investors should focus on its development side in long terms.
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