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Crypto reports
Ethereum is an open-source, public, blockchain-based distributed computing platform and operating system featuring smart contract functionality. It supports a modified version of Nakamoto consensus via transaction-based state transitions.
The Ethereum network runs on a blockchain secured by miners executing a Proof of Work protocol. Ether, the platform's internal currency, is used to pay for transaction fees and computational services on the network. ETH trades on cryptocurrency markets as a digital asset and its price has experienced massive swings in value over its history.
Thanks to a recent boom in the value of cryptocurrency investments, investors are seeing a plethora of new blockchain-based applications being developed and presented on a daily basis. However, many investors are still unaware that Ethereum is more than just a cryptocurrency – Ethereum is a decentralized platform for running applications, services and other uses.
A blockchain is a public ledger of all cryptocurrencies transactions. It is constantly growing as 'completed' blocks are added to it with a new set of recordings. The blocks are added to the blockchain in a linear, chronological order. Each node (computer connected to the network) gets a copy of the blockchain, which gets downloaded automatically upon joining the bitcoin network. The blockchain has complete information about the addresses and their balances right from the genesis block to the most recently completed block.
We take advantage of natural language processing (NLP) techniques to determine the sentiment of posts for each currency. We have sentiment data going as far back as August 2017.
Our cryptocurrency sentiment tool has been developed with a state-of-the-art algorithm that uses Machine Learning to analyze the meaning of social media discussions related to each cryptocurrency. This allows us to determine the current mood of the community and how the market might react to future events.
Crypto is a new world. The market is volatile, information is dispersed and you have to learn a lot before you can navigate it with confidence. We are providing data to dismantle the walls and help you navigate with confidence.
Check out various reports on coins from our platform BittsAnalytics:
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