State of the Network

Weekly crypto network newsletter

Reporting on the latest network activity

Bitcoin: An Unprecedented Experiment in Fair Distribution

By |2021-02-05T13:54:50+00:00November 10, 2020|Lucas Nuzzi, State of the Network|

Much has been written about the fundamental differences between Bitcoin and other asset classes. In fact, juxtapositions of Bitcoin and established commodities such as gold continue to lure swarms of newcomers into this industry, institutional and retail-alike. But are there [...]

Following Flows: A Look at Miners’ On-Chain Payments

By |2021-02-05T13:55:54+00:00November 3, 2020|Karim Helmy, State of the Network|

Using a new methodology that looks at addresses one hop out from the coinbase transaction, this report quantifies miner holdings and activity. This approach improves on previous attempts at tracking miner spending, which inadvertently measured pool operator activity rather than [...]

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