In a rapidly evolving world of finance, companies like bitsCrunch are paving the way for a decentralized, accessible, and intelligent future fuelled by blockchain data. In a recent AMA, the CEO of bitsCrunch, Vijay Pravin, broke down the companys achievements and its vision for the democratization of blockchain data.
BitsCrunch, a decentralized, AI-powered data network for NFTs and public chain digital assets, has captured the interest of established giants like PwC and EY along with industry-specific partners such as Mastercard, Unstoppable Domains, and DappRadar. Their mission? To make the often mystifying blockchain data easily interpretable and accessible both for businesses and individuals.
Powerful and user-friendly, the Bitscrunch platform is breaking down technical barriers with easy-to-use data APIs, allowing anyone with an internet connection and an API key to access insights from blockchain data. Forensic and traditional analytics drive the platforms offerings, extending its reach even to in-game analysis that could prove invaluable for gaming companies.
This accessibility and breadth of data capture, including an extensive library of historical data, give bitsCrunch an edge over established data providers, such as CoinMarketCap and CoinGecko. With a strong focus on building a functional network, the companys BCUT token aims for slow but steady growth, embracing the industry-backed Delegated proof-of-stake (DPoS) algorithm.
The encouraging results show that over 4.22 million BCUT tokens have been staked on the Bitscrunch network mainnet in just a month with 48 leading node operators contributing to the network.
A step toward community engagement is the introduction of the Contributor role and the forthcoming Indicator role. This not only allows users to contribute to the ongoing development but also democratises the decision-making process on which blockchains to index or which algorithms to use.
The implications of Bitscrunchs ambitious objectives should not be underestimated by investors. By transforming complex, inaccessible blockchain data into usable and practical business intelligence, Bitscrunch is ushering in a new era for not just NFTs, but for the broader blockchain ecosystem.
As bitsCrunch continues to democratise blockchain data, the future of the cryptocurrency market could see a more engaged, knowledgeable community. Ultimately, more community involvement and transparency in the exchange of data could lead to more stable valuations, as a more informed, active market participant is less likely to engage in speculative trading.
This trend of increased data accessibility, combined with community involvement, sets a positive tone for the future of not just Bitscrunch, but potential knock-on effects on the wider blockchain space. As new blockchains are indexed and new data analytics are shared publicly, the richness of knowledge within the market will only grow.
In conclusion, with companies like bitsCrunch taking the lead, the future of blockchain data looks bright. As we see greater transparency, involvement, and understanding, investors could witness a clued-up, matured cryptocurrency market where informed decisions drive market movements.