Brazilian fintech Cora raises $10m, founded by Wirecard company creators

2分钟前
bankingtech

Golden Cross Could Push BTC to New Peak in 2020

4分钟前
cryptonewmedia

Ethereum Search Interest Hits Near Three-Year Low as Price Struggles to Hit $150

9分钟前
cryptoglobe

Bitcoin Viability Strengthened by New Cash Limits in Italy

15分钟前
beincrypto

XRP Adoption Boost: Bank Of America Applauds Ripple’s Innovative Cross-Border Solution

15分钟前
zycrypto

This Popular Hardware Wallet Can Be Breached Physically in 15 Minutes – Kraken

22分钟前
coingape

Cryptic Death Stranding Teaser Sparks DLC or Sequel Speculation

26分钟前
cryptonewmedia

Switzerland’s Finma claims blockchain tech may worsen money-laundering risks

27分钟前
bitcoinwarrior

Deutsche Bank plans €100m streamlining project for retail ops

33分钟前
bankingtech

Ripple Discussion Requested – MoneyGram CEO’s Upcoming Interview on CNN

33分钟前
utoday

Are Turbo Certificates the Answer to CFD Restrictions?

1小时前
financemagnates

Morgan Stanley plans 1,500 job cuts

1小时前
bankingtech

Litecoin Consolidates at the Bottom of the Chart as It Battles Low Volatility

1小时前
coinidol

11 December 2019 - ETH/ BTC – Weekly

1小时前
cryptodaily

Ripple's Xpring Debuts New Platform for XRP Payments Integration

1小时前
utoday

Lithuanian Central Bank Publishes Crypto (CBDC) Research

1小时前
cryptonewmedia

BitPay now supports Gemini Dollar and other stablecoins

1小时前
bitcoinwarrior

EBA publishes sustainable finance action plan

2小时前
bankingtech

Cboe Global Markets agrees to acquire EuroCCP

2小时前
bankingtech

Binance.US Considering Listing TRON (TRX), NEM (XEM), Tezos (XTZ), and Ontology (ONT)

2小时前
cryptoglobe

US Indicts 3 for $722 Million Crypto Fraud

2小时前
financemagnates

Ethereum smart contract calls increasingly running out of gas post-Istanbul 

2小时前
bitcoinwarrior

UK remittance fintech Paysend secures Canadian MSB licence

2小时前
bankingtech

Bitcoin And Crypto Market Cap Turn Red: BCH, Litecoin, XTZ, TRX Analysis

2小时前
cryptonewmedia

Bitcoin Price Predicted to Skyrocket to $100,000 in 2020 by Silk Road Founder Ross Ulbricht

3小时前
utoday


Crypto by hype to maturity: Bitcoin, Libra, smart contracts, Lightning, sharding, and more

cryptoslate

4月前前

Nic Carter, a partner at Castle Island Ventures and co-founder of Coin Metrics, created a matrix chart for some of the crypto-sphere’s most talked about innovations. The chart ranked Bitcoin, blockchain protocols, Libra, and other innovations by maturity relative to hype, showing there is still unrecognized potential in many parts of the industry.

In the crypto industry, short-lived news cycles rarely do projects justice. While some of the most innovative and ground-breaking developments often go unnoticed, a few outliers seem to get most of the attention. This dynamic emphasizes that media coverage does not reflect the potential value of an innovation.

That’s why Nic Carter, partner at Castle Island Ventures and co-founder of Coin Metrics, decided to create a matrix chart showing, in his opinion, the maturity and hype of different projects. Carter shared his maturity/hype matrix on Aug. 8, which included some of the most talked-about industry themes—Bitcoin, Libra, exchange tokens, IEOs, privacy coins, smart contracts, the Lightning network, and others.

Introducing Nic's maturity/hype matrix featuring a bunch of industry themes. Very arbitrary and subjective. You may yell at me now. pic.twitter.com/u0eGH893wi

— nic carter (@nic__carter) August 8, 2019

Even though Carter noted that the chart was “very arbitrary and subjective,” even inviting people to challenge his opinion, he made a very interesting point with the way he presented his data. Namely, comparing crypto projects by their hype and maturity shows where there is still room to grow and improve and where different innovations didn’t (or have yet to) live up to expectations.

According to Carter’s chart, exchange tokens are the most overhyped and immature concept in the crypto industry. Binance Coin (BNB) the exchange token launched by Binance, was one of the most talked-about coins in 2019, seeing a 310 percent year-to-date growth back in April this year. On-chain governance and sharding were also too immature for the hype they received, the chart showed.

An interesting thing Carter brought up was the underrated value of timestamping. With dozens of Twitter users agreeing with him, Carter pointed out that being able to use public blockchains to verify the date something created lots of interesting applications.

He also said that enterprise blockchains and ICOs were more mature than Bitcoin relative to their potential. The very fact that ICOs work and have been widely used for the past couple of years shows that the concept has matured. Enterprise blockchains, on the other hand, have reached their full potential.

Relative to their potential. ICOs are basically… well, they work. Mechanically, that is. Enterprise blockchains probably won't amount to much (in my view), but they've amounted to all that they are going to. Kind of like congratulating the slow kid for a C on a spelling test.

— nic carter (@nic__carter) August 9, 2019

However, the thing most people reacted to was Carter’s placement of Libra, which he believes to be underhyped. Dozens of people commented on the chart, saying the amount of press Libra has been getting couldn’t possibly be “underhyping.”

Carter acknowledged that there has been a huge buildup to Libra, but said that the project was “underhyped” relative to the impact it could have on the market if it succeeds.

I was benchmarking it relative to its potential significance. I guess I got that one slightly askew but in my view, if Libra succeeds, the currently level of hype will look warranted / sober by comparison

— nic carter (@nic__carter) August 9, 2019

Subscribe to CryptoSlate Recap, our daily newsletter containing the top stories and analysis.

Priyeshu is a software engineer who is passionate about machine learning and blockchain technology. He holds an engineering degree in Computer Science Engineering and is a passionate economist. He built his first digital marketing startup when he was a teenager, and worked with multiple Fortune 500 companies along with smaller firms. When he is not solving the transportation problems at his company, he can be found writing about the blockchain or roller skating with his friends.

Commitment to Transparency: The author of this article is invested and/or has an interest in one or more assets discussed in this post. CryptoSlate does not endorse any project or asset that may be mentioned or linked to in this article. Please take that into consideration when evaluating the content within this article.

Disclaimer: Our writers' opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.

若涉及版权问题,请联系:content@hashbee.com,我们将立刻撤下新闻内容

0个评论