Estimates of how much economic activity flows through crypto networks can diverge dramatically depending on how analysts measure onchain activity. A new study from researchers at the Bank for International Settlements (BIS) finds that calculations of Bitcoin transfer values can v...
- A BIS study highlights significant discrepancies in on-chain data, particularly for Bitcoin, due to varying measurement methodologies.
- The research indicates that on-chain metrics like transfer value and market capitalization can be misleading and should be treated as 'noisy approximations' of economic activity.
- The study also points out complexities with stablecoins and smart contract activity on Ethereum, emphasizing the need for greater transparency in data definitions.
Topics: Blockchain usage, Scalability, Transparency audits, Ethereum evm l 1 s, Growth metrics, On chain verification
Tags: #bis #bitcoin #onchaindata #measurementchallenges #stablecoins #marketcapitalization #realizedcapitalization #ethereum #transactionvalue #visa
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