Fundstat will launch 5 cryptocoin indexes

 Fundstrat Global Advisors developed 5 indexes to monitor the dynamics of different cryptocurrencies
07 October

Thomas Lee, Fundstat Co-Founder shared information in his interview to CNBC about five indexes, that Fundstat will use to monitor different cryptocoins.

So, according to Lee, the indexes created by him are called FS Crypto FX and were created to better understand the "evolution and behavior of the cryptocurrencies" by institutional investors.

Indexes track a total of 630 different crypto-currencies, which are classified by market capitalization and trading volume into five groups:

  • FS Crypto 10 — tracks the 10 largest and most liquid digital currencies including bitcoin, ethereum, ripple, litecoin, dash, IOTA and monero.
  • FS Crypto 40 — tracks the top 11 to 50 digital currencies by market value and liquidity including NEM, bitconnect and Lisk.
  • FS Crypto 250 — tracks the top 51 to 300 cryptocurrencies by market value and liquidity including BitcoinDark, Singular DTV and FirstCoin.
  • FS Crypto 300 — tracks the 300 largest digital currencies by market value and liquidity.
  • FS Crypto Aggregate — tracks the performance of 630 digital currencies.

According to Lee, these indexes will allow investors to analyze the dynamics of various digital currencies and will perform a function similar to that performed by the S&P 500 to determine the current state of the securities market.

Fundstrat also noted that the algorithm developed by them will allow estimating the specific weight of individual crypto-currencies in each of the indices. In this case, the composition of the indices will be reviewed quarterly.

Lastly, Lee noted that even 2% of the country's currency allows to increase the yield of the traditional investment portfolio of securities, consisting mainly of stocks and bonds, by 2.29%. 

Ethereum network is still unstable

Byzantium had executed on Monday, but developers aren't ready to call the software transition complete
18 October

Organizations and developers are better off refraining from launching large projects until the Ethereum network is fully stable after the recent Byzantium update. This is said by the Gavin Wood, Parity Technologies head and reported by the Coindesk.

Since new versions of the software were released just days before the fork, much of the network has not yet been updated. So, at the time of press, slightly more than 25% of Parity customers updated, in Geth this indicator is slightly higher - about 59%. So, in total, the update was made about 45% of the network.

Another aspect that should also be taken into account is the short time for testing. In particular, the developers recalled previous versions of the software, discovering critical errors that could make the network vulnerable to DoS attacks or lead to incompatibility between nodes and, as a consequence, network sharing.

Therefore, the question of how safe the network is at the moment is fully justified and, taking into account what has been said above, remains open. This is exactly what Gavin Wood warned, recommending at this stage to refrain from launching large-scale projects.

In addition to the nodes that have yet to update, there is also a possibility that in the current Byzantium software there may be bugs that endanger the security of the Ethereum network. The most dangerous among them is a bug of consensus, in which nodes can not communicate. Its result can be the separation of the block-man into several incompatible chains.

As far as is known, at the moment developers are conducting extensive tests, trying to detect such bugs before they are active. As Gavin Wood says, if the network does contain such a bug, it will take several days to prove itself.

I don't think anyone believed the network was going to self-combust on block 4,370,000.
 

Gavin Wood
Head, Parity Technologies

The head of Parity Technologies is also convinced that if problems are discovered, the Ethereum development team will quickly release new updates designed to prevent any harm to the platform.