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:
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.