About Blockchain Infrastructure Index
Blockchain Infrastructure`s Index with Top 5 Cryptocurrencies
Blockchain, the technology behind cryptocurrencies, has a broader usage in various sectors – from financial services and education to healthcare and sport. Developed as a Distributed Ledger Technology (DLT), blockchain provides infrastructure that can be used for building tailor-made applications to solve different problems and to make improvements in a wide range of industries.
Moreover, blockchain infrastructure is secure and reliable because the cryptocurrency technology`s roots come from cryptography – a science that prevents any third party or the public to have access to private messages by developing confidential and data-protective protocols.
The Blockchain Infrastructure industry is a COINdex Category that calculates the net worth of each coin, which includes also its liquidity. To assure the most accurate data, the indices reflect volatile aspects, such as the total current circulation, by evaluating all major digital assets on a monthly basis.
Blockchain Infrastructure`s indices are formed from the Top 5 cryptocurrencies in its category, ranked by market capitalization. The COINdex uses the following formula for value`s calculation:
|Index Value||=||Σ Pi * Qi|
To ensure that the numerical value of each Index reflects the actual market activity and performance, the Divisor is amended whenever the number of coins increases or other structural changes occur. Pi represents the value of a single unit of the underlying cryptocurrency digital asset in USD and Qi designates the amount of coins supplied of the particular virtual currency.
$ bn total cap
$ bn 24hr trading volume
% of all market cap