AIER: Bitcoin is Less Volatile than Other Cryptos

American Institute For Economic Research (AIER) has informed that Bitcoin has significantly been less volatile than other digital assets since 2013
22 June 2018   2375

AIER conducted a study in early 2018, comparing Bitcoin to major cryptocurrencies and digital assets including Litecoin, Ripple, Ethereum and Bitcoin. AIER revealed that Bitcoin has been consistently less volatile than the 4 major cryptocurrencies and discovered an interesting trend in the cryptocurrency market. The researchers pointed out that there exists a variety of ways economists measure volatility of a currency or an asset. In its study of cryptocurrencies, AIER researchers utilized a basic method of observing the daily price movement of Bitcoin and other digital assets in the global market.

Economists and statisticians measure a variable’s volatility in many ways. We choose a relatively simple metric: the average daily percentage change in price. We average the absolute value of daily percentage returns for each cryptocurrency and year.
Researchers, AIER

As the daily price movement of Bitcoin (BTC), Litecoin (LTC), Ripple (XRP), and Bitcoin Cash (BCH) were compared since 2013, AIER created a database of averaged daily price movement of every cryptocurrency over the past 5 years. Considering that Bitcoin Cash debuted in late 2017, the price movement of BCH since September of last year was included in the analysis.

Major cryptocurrencies and their volatility rates comparison by AIER
Major cryptocurrencies and their volatility rates comparison by AIER

From 2013 until 2018, Bitcoin demonstrated the lowest volatility rate amongst the 4 major cryptos, that have also been less unstable in comparison to small market cap assets and tokens. The claims of most cryptocurrency analysts that the market valuation of the majority of initial coin offering (ICO) tokens and small blockchain projects is mostly ETH have shown the lowest level of volatility and highest level of stability amongst all cryptocurrencies in the market.

Venezuelans to be Able to Send BTC Offline

Local developers are creating two device in the framework of the Locha project - Bitcoin mesh network, based on radio
22 January 2020   140

In Venezuela, the development team is preparing a Locha solution that will allow Bitcoin operations without connecting to the Internet.

The solution is a mesh network. The developers are also working on two devices that will allow you to connect to the Bitcoin blockchain using long-range radio waves.

The first, dubbed Turpial, is a simpler version of a radio transmitter that works at distances of one to two kilometers in urban areas. The second, Harpia, is a limited radio module for small computers.

Both devices are portable and run on battery power.

It is reported that in the future the solution can be integrated with any other blockchain, as well as messaging and file transfer systems such as IPFS.

We are making something for the situations where you don't have Internet at all, either due to lack of infrastructure, targeted censorship or in case you want to be completed anonymous so you don't want to expose your home/phone IP address that is linked to your identity.


Randy Brito

Member of the Bitcoin Venezuela 

He also explained that the network would not necessarily rely on nodes connected to the Internet via a landline telephone. Users with satellite dishes can also act as gateways and relay data.

It is expected that the development of devices will be completed by the second quarter of 2020. However, how much time will be required for their further production is still unknown.

Locha will be an open source project so that developers can use it in the future to create similar solutions.