Bitcoin Network to Process $410B in 2018

Despite "cold" cryptowinter of 2018, Bitcoin processed huge amount of money during the year and showed that it is an operating solution 
25 December 2018   1165

According to Blockchain.com, in 2018, the Bitcoin network processed about $ 410 billion. This means that, on average, more than $ 13,000 was transferred per second.

At the same time, the positions of the sidechains RSK and Liquid were seriously strengthened. Thus, the first has received support already 43% of the hashrate, and the number of bitcoins attached to it at the moment is about 250.

It should be noted that the number of bitcoins attached to Liquid in just three months increased to 25.

BNC to Monitor BTC Community's Mood

The system called Twitter Sentiment analyzes over 34M BTC-related Twitter posts each week, using AI to track the mood of the community
22 January 2020   121

Blockchain-based New Zealand-based research firm Brave New Coin (BNC) has unveiled a new system for measuring the mood of the Bitcoin community based on Twitter messages.

According to BNC, the new Twitter Sentiment rating system analyzes over 34 million BTC-related Twitter posts each week. The company uses artificial intelligence (AI) algorithms that look for records containing the words bitcoin, $ BTC and BTC and others.

BNC notes that user sentiment continues to be a “significant” factor in the price and dynamics of digital assets, and a new technique has been developed to track these sentiments. According to the BNC, it took 18 months to launch the Bitcoin Twitter Sentiment. The data obtained is divided into seven categories - Opinion, Technical Information, Inside the Network, Advertising, Bots, Macros and Hacking.

For the week ending January 17, the most common entries were in the Opinion category - their number was 30.42% of all data received. In second place was the category Technical Information, and in third inside the network (includes information on mining and hashrate).

BNC spokeswoman Pierre Ansaldi said that during the first quarter of this year, the company will also launch community sentiment analysis tools for other crypto assets.