Sign in Subscribe

James Bennett

The Network Value to Transaction Ratio

The Network Value to Transaction Ratio

The Network Value to Transaction ratio (NVT) is one of the most important metrics in valuing public blockchain networks. The NVT measures the value of the network relative to its utility as a payment network. The ratio is derived through the following formula; `"Network Value to Transaction Ratio (NVT)

Monitoring miner inventories

Monitoring miner inventories

We can measure miner inventories by looking at the difference between the number of coins generated over a period and those spent. This is calculated using the following formula: Change in miner inventory = bitcoins generated - bitcoins first spent We track the generated and First Spend numbers on the ByteTree

Bitcoin's Weekday Bias

Bitcoin's Weekday Bias

Network Activity Drops at Weekends All the analysis we do at ByteTree is either in daily or weekly periods. You won’t see us using a 5 day, 30 day or even 90 day moving average because of the weekly bias evident in bitcoin’s on-chain activity. Bitcoin activity never

A Comparison of Bitcoin vs. Litecoin as Payment Networks

A Comparison of Bitcoin vs. Litecoin as Payment Networks

We now have less than 4 days to go until the Litecoin reward halving. In this third article we look at a comparison of Bitcoin Vs. Litecoin as payment networks. This article is part of a series on Litecoin, in the previous articles you can find out what Litecoin and

Six Days to Litecoin Halving

Six Days to Litecoin Halving

What does history tell us about the Litecoin price? With the Litecoin halving scheduled for Monday 5th August, what does history tell us about the Litecoin price? In this second article of the series we will look at how the Litecoin price typically moves in the run up to the

What is the Litecoin halving?

What is the Litecoin halving?

The Litecoin halving is coming up on Monday 5th August at 12:30pm BST. In this article we will look at a brief introduction to Litecoin and what is the Litecoin halving. We will be releasing an article on the Litecoin Network every day this week in the lead up

Generation and First Spend

Generation and First Spend

How New Coins Enter the Economy In this article we look at how new bitcoins become available in the Bitcoin Network and how we monitor miner inventories. To begin with let’s look at what we mean by Generation and First Spend. Generation - The number of new coins awarded