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Inside Bitcoin Hong Kong 2015: Evaluating the Potential of Alternative Cryptocurrencies

TM Lee
May 18, 2015
95

Inside Bitcoin Hong Kong 2015: Evaluating the Potential of Alternative Cryptocurrencies

Inside Bitcoin Hong Kong 2015 http://insidebitcoins.com/hong-kong/2015

This presentation goes through the methodology used by CoinGecko (https://www.coingecko.com) and also other metrics that can be used to evaluate and compare across different altcoins.

As new sophisticated Blockchain 2.0 coins come into the market, it becomes much harder to quantify a success of a coin.

TM Lee

May 18, 2015
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Transcript

  1. • Cryptocurrencies other than Bitcoin • Fork or New Codebase

    • Different Features & New Ideas Altcoin 101
  2. Altcoin Evaluation Metrics Market Capitalization Trading Volume Community Developer Public

    Interest Network Security Number of Transactions Merchant Support
  3. Developer Development Activity Github Open Source Popularity (Stars, Forks, Watchers)

    Activity (Open/Closed Issues) Contributions (Contributors, Pull Requests) Pulse Check (Commits)
  4. Public Interest Search Engine • Total results • Articles, Blogs,

    Social Media mentions Alexa Rank • Official website rank • Coin info, wallet download
  5. Network Security Ledger can be trusted Proof of Work Total

    Hashrate Estimate Cost to Conduct 51% Attack More economically unfeasible, more secure
  6. Number of Transactions Exchange of value Problems: Coin reshuffling Look

    at transaction with coins that have not been spent in a while (Bitcoin Days Destroyed)
  7. Altcoin Evaluation Metrics Market Capitalization Trading Volume Community Developer Public

    Interest Network Security Number of Transactions Merchant Support
  8. Blockchain 2.0 Challenges 1. Innovation & Different 2. Smart Contract,

    Asset, Apps 3. Adoption Rate, May Be Important 4. Metrics May Differ