Connect with us

Blockchain

A New and Improved Explorer

Published

on


And the 5 most important stats to follow to understand bitcoin

Blockchain.com

While many of our customers know us primarily for the Blockchain.com Wallet, our oldest product was (and is) a blockchain explorer. In fact, here’s what it looked like in 2011:

While it may seem like the majority of action takes place on the Wallet or the Exchange — we make up 1/3rd of all bitcoin transactions — millions of blockchain analysts, traders, users, and enthusiasts visit blockchain.com/explorer for their everyday needs.

To better serve these users, the team has been hard at work creating an easier, more intuitive, and more powerful experience. This started with a clean user interface that offered more opportunities for discovery and exploration.

The new explorer home page features the most important information about the crypto ecosystem all in one place, in real time and affords the opportunity to drill into that data in more detail.

The Blockchain.com Explorer also features 5 new charts: Hashrate Distribution Over Time, Average Fees per Transactions, and 3 On-Chain Market Signals.

There are many ways to discover within the Explorer. To help guide newcomers and seasoned vets alike, we’ve assembled a high-level tour of the 5 most important stats to look at while visiting the Blockchain.com Explorer.

Blockchain.com actually invented this term back in the day and we continue to report on it. At a basic level it demonstrates the amount of total computing power that is estimated to secure the bitcoin network. It’s one of the most important elements to bitcoin’s network security. The more hash rate, the greater the level of bitcoin network security and resilience against 51% attacks.

While daily numbers may periodically rise and drop as a result of the randomness of block discovery, our analysts have found that looking at a 7 day average of hash rate is a better representation of the underlying power.

The mempool is where all the valid transactions wait to be confirmed by the Bitcoin network. A high mempool size indicates more network traffic which will result in longer average confirmation time and higher priority fees. By knowing the state of the mempool, you can estimate — given the selected fee rates — how long it might take the network to confirm a transaction.

If you watch those charts long enough, you will notice that around 5am UTC, the mempool is on average 30% less busy than the daily average. In comparison, around 2pm UTC the mempool is 40% more busy. Keep in mind that because of some exchange activities, the bitcoin network is often more congested during the afternoon.

As previously discussed, the average fee per transaction is an easy indicator to understand how much the bitcoin network charges for confirming a transaction and is directly affected by the state of the mempool. This is a good summary indicator, but remember that each transaction pays network fees for its weight, which depends on the type of transaction, the UTXOs it spends (inputs) and the addresses it sends to (outputs).

The number of daily confirmed transactions highlights the value of the bitcoin network as a way to securely transfer funds without a third party. During times of peak mempool congestion, transactions with lower fees are likely to be confirmed after a few hours or even days in rare cases.

While this one speaks for itself, keeping an eye on the price chart also gives a sense of how the market thinks about the network and specific tokens on a daily basis.

In the coming months we hope to add more data and functionality to make the Blockchain.com Explorer not just useful to experts but a great way for anyone to learn about and explore the world of crypto.

Fuel your curiosity today: blockchain.com/explorer.

Source: https://medium.com/blockchain/a-new-and-improved-explorer-d46bf16f7cef?source=rss—-8ac49aa8fe03—4

Blockchain

MATIC Price Analysis: Weekly and 4 Hr Chart Analyses Reveals Buy Signal for Polygon

Published

on

Polygon recently set a new record for highest bounty paid in DeFi. The team at Polygon paid a two million US dollar worth of bounty to Gerhard Wagner, a white hat hacker who discovered a crucial vulnerability that had put around 850 million US dollars’ worth of capital at risk.

So what type of vulnerability could this be? Well, it’s a double-spend bug, a type of bug that could have tuned catastrophic for the Polygon ecosystem.

Bullish/Bearish Scenario

  • The bear-trap candlestick formation on the weekly time frame, alongside the buildup of bullish divergence on the 4HR time frame, shows that the bulls are back in control.
  • A breakdown of the 1.152 support implies a bearish takeover.

Important Weekly Polygon (MATIC) Announcements

  • Immunefi, a bug bounty, and security platform acknowledged that the bounty is the highest that has been paid in decentralized finance [DeFi].
  • Another exciting announcement in the Polygon ecosystem is the PECO-Polygon Ecosystem Index, which makes it possible for participants to bet on the performance of Polygon [MATIC] projects. The PECO Index is a single token that captures the best native projects on @xPolygon.

Without any further delay, Let’s analyze the MATICUSDT price chart.

Polygon (MATIC) Price Analysis:  MATICUSDT Weekly Chart 

Following the path of most top altcoins in the cryptocurrency market, the MATICUSDT triggers a bear-trap candlestick formation while trading within a rising and expanding wedge.

Although the crypto pair still trades below its all-time high, higher RSI readings above level-25 tell us that we are still in an uptrend and we may soon see a surge in demand for the MATIC token.

Polygon (MATIC) Price Analysis:  MATICUSDT Daily Chart 

A recent regular bearish divergence on the daily chart above shows that we may soon see a slowing and possible correction of current gains.

Failure of RSI values to breach below level-25 would suggest a continuation of the current uptrend.

Polygon (MATIC) Price Analysis:  MATICUSDT 4 Hr Chart 

As the RSI prints higher values above level-25 on the daily time frame, the 4HR time frame confirms entry into the uptrend with an exit of the oversold area [level-25] with the recent entry of oversold at press time.

Regular and hidden bullish divergence setups are instrumental for the previous trend reversal and current trend continuation we see on the above intraday chart.

An impending hidden bullish divergence at press time may be sufficient for the bulls to find a price floor above the 1.491 support and restore the MATIC price into new highs.

advertisement

Disclaimer
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
About Author

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.

Click here to access.

Source: https://coingape.com/polygon-matic-price-analysis-intraday-hidden-bullish-divergence-signals-trend-continuation-for-maticusdt/

Continue Reading

Blockchain

Harmony’s ONE Token Targets $1 After Breaking All-Time High

Published

on

The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.

See full terms and conditions.

PlatoAi. Web3 Reimagined. Data Inteligence Amplifed.
Click here for Free Trial.

Source: https://cryptobriefing.com/harmonys-one-token-targets-1-after-breaking-all-time-high/?utm_source=main_feed&utm_medium=rss

Continue Reading

Blockchain

NEAR Announces $800M in Development Grants

Published

on

The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.

See full terms and conditions.

PlatoAi. Web3 Reimagined. Data Inteligence Amplifed.
Click here for Free Trial.

Source: https://cryptobriefing.com/near-announces-800m-in-development-grants/?utm_source=main_feed&utm_medium=rss

Continue Reading
Blockchain3 days ago

3 Million CoinMarketCap Email Addresses Have Leaked

Blockchain3 days ago

Compre cianuro de potasio para la venta, compre KCN para la venta en línea, compre cianuro de sodio…

Blockchain3 days ago

Bitcoin’s Price Could Rally to $90,000, Fundstrat Strategists Say

Blockchain3 days ago

Fidenza Artist Sells $7M in NFTs That Aren’t Yet Minted

Blockchain3 days ago

This Artist Is Making Multi Million Dollar NFT’s Using Algorithms

Blockchain3 days ago

Bitcoin price consolidation leans toward ‘another leg higher’

Blockchain3 days ago

DeviantArt Integrates Crypto Payment To Its Subscription Service

Blockchain3 days ago

Chainlink Whales Own Nearly 25% of $LINK’s Supply After Months Accumulating

Blockchain3 days ago

Nasa Coins.ph na ang AAVE, MKR, UNI!

Blockchain3 days ago

YSL.IO x RD Auditors – Audit 2 Complete!

Blockchain3 days ago

Pakistan Government Not Against Crypto Investments, High Court Calls for Regulations

Blockchain3 days ago

Reddit Wants To Build NFT Platform, A Job Posting Shows Why

Blockchain3 days ago

Terragods

Blockchain3 days ago

Here’s Ripple CEO’s take on firm’s ‘record year,’ despite SEC’s ‘headwinds’

Uncategorized3 days ago

ImLive Evaluation in 2020

Blockchain3 days ago

Solana Is Close To Its All Time High

Blockchain3 days ago

CoinConnect is a new automated service that helps you trade in the cryptocurrency field without…

Blockchain3 days ago

Journalist and Youtuber Tim Pool Believes 1 Bitcoin Will ‘Eventually Be Equivalent to $1 Million’

Blockchain3 days ago

Facebook Novi Wallet: Will It Be a Gamechanger for the Crypto Industry?

Blockchain3 days ago

Acquista cianuro di potassio in vendita, acquista KCN in vendita online, Acquista cianuro di sodio…

Trending