A new quantitative analysis model launched in China

Once a new model of Beijing-based cryptocurrency exchange Huobi has been recently released, it immediately caught the attention of exchange analytics who are analysing its efficiency at the global market.
23 June 2017   849

A Going by notable views at the moment,Huobi,  the First “Big Three” Chinese Exchange, has  successfully rolled out a new quantitative analysis model that may be a breakthrough  after a long-lasting freeze in China's bitcoin exchange world due to its visible at the first sight advantages such as different blockchain-based currencies and a bunch of variables.

Named SMARTChain, this promising data model is designed with support from academics of Tsinghua University. It’s eventually based on five variables for the analysis:

Blockchain

Distributed database that is used to maintain a continuously growing list of records, called blocks

  • a blockchain relevance for real-life applications;
  • its public and media attention; its trading volume;
  • its credibility and risk for inflation;
  • its technological design.

The Huobi Blockchain Research Center assumes that this high-potential model assigns scores to each blockchain in order to generate a final top-10 ranking.

The points of the world's largest cryptocurrencies  Bitcoin, Ethereum and Litecoin would respectively reach up to  88.07, 70.67 and 69.62. As for Ripple and Ethereum Classic, they could turn out to be the  fourth and fifth.

According to the tool's creators, the scores draw an approximate representation how much potential these cryptocurrencies have as a long-term investment.Interestingly, these three top tokens could also be traded along with Litecoin and Bitcoin.

Although the SMARTChain has just been launched, it is not yet certain whether this model is a robust, on-premise solution.

Change.org to Mine for Charity

According to the calculations, if 10k computers will run the minning screensaver for 12 hours a day, the charity fund will receive $10k monthly
18 July 2018   99

Social platform for petitions Change.org announced the launch of a screensaver that mines Monero on users' computers. All tokens will be transferred to the charity fund of Change.org. This is reported by Coindesk.

This initiative was launched in partnership with the marketing agency Tracelocke Brazil.

Representatives of Change.org report that the screensaver will consume resources only when users do not use the computer. According to their calculations, if 10 thousand computers will run the screensaver for 12 hours a day, the charity fund will be transferred $ 10 thousand monthly.

At the moment the program is available only for Windows users and the platform did not report on the release plans for the version for macOS.

Note that at the end of April, a similar action was launched by the Australian unit of the United Nations International Children's Emergency Fund; (UNICEF). The website "Page of Hope" mines Monero cryptocurrency.