Cryptocurrency Tools: Coin Dance

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Coin Dance tracks all sorts of metrics surrounding Bitcoin, from block mining to volume statistics, and even worldwide sentiment. The coin dance meaning actually comes from the word coincidence. As with many other interesting internet memes, the words became popular after smartphones started auto-correcting user typos.

Coin Dance wants to open up the statistics space by freely providing access to information, particularly with regards to Bitcoin. The team believes how Bitcoin evolves as a protocol should be up to the community. In addition, anyone should have the right to contribute to information sharing regardless of their technical background, social standing, or the number of bitcoin they have in storage.

What makes Bitcoin special is it’s fairly transparent nature. By maximizing data sharing, Coin Dance gets the community to engage with each other and make key decisions based on this shared data model.

Coin dance provides a number of services:

Coin Dance provides volume charting primarily for peer-to-peer marketplaces. Community members update charts on a weekly basis so that useful trading insights move in tandem with the markets. The peer-to-peer marketplaces featured are Bisq, LocalBitcoins, and Paxful.

Developers recently updated the platform to add trading data in several different currencies worldwide. This update will save a lot of time for many users outside the US who often have to convert to their local currency first.

The platform also offers a vanity naming service for those who want to add a bit of swag to their Bitcoin address. You can personalize your Bitcoin wallet instead of using the hex or QR code that comes with a standard address.

The politics section keeps track of the decision-making process on the world’s largest cryptocurrency by governments around the globe. This political map provides a useful overview of how Bitcoin is doing on the global stage and allows users to keep track of the changes.

This section not only lists where Bitcoin is restricted but also how it’s classified. For example, in India, Bitcoin is currently considered property, but in China, it’s recognized as a commodity.

The statistics area is no doubt the place where traders, coders, and Bitcoin auditors come to verify all things factual regarding Bitcoin. You can find your typical price statistics on Coin Dance.

However, it’s more interesting to browse through the blockchain data available, which you won’t typically find on other trading websites. Dig down into details about block sizes, mined blocks, Google Bitcoin searches, community demographics, and more. You can also find a cryptocurrency ticker based on market capitalization, similar to CoinMarketCap, towards the end of the page.

For the more technical amongst us, there’s the Bitcoin node summary. This comes chock full of information on the estimated 10,000 nodes worldwide that run the Bitcoin network. This section even keeps track of nodes upgrading to deal with the recent inflation vulnerability that was spotted on the network.

The resources section has many goodies for the cryptocurrency and Bitcoin beginners. There are a couple other of great resources out there, but this would be a good starting point if you’re a bit unsure about where to begin.

Protecting Your Cryptocurrency And Staying Safe on Coin Dance

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