Crypto Currency Analysis - First Step

in #github7 years ago

I remember the first time I delved into the world of crypto digital assets some three weeks ago. I came across a site which mentioned that the first point of analysis should be github. This is what I have been doing since.

Go to Github and check what the crypto company has chosen to pin at the top of their github page. You should definitely look for
(1) wallet / client and (2) a library, be it a .jslib or python library or any other programming language.
For some reason the link or box that is being used by programmers to save the part of the programme they have been working on, is called "repository".

As a second step check if there are any commits, how frequently commits are made and if the commits are meaningful.
A "commit" could also be called a submission of a programmer on Github (mind you some companies write code and only submit much later).
Make sure that the commit / submission of the programmer is meaningful. So if a programmer just adds a comma and adds this as a commit to their "repository" on Github, then it is meaningless.

You'll see automatically how many developers are actually working for the respective company that you are researching.

IOTA as an example have a repository that looks just great. In addition to several libraries and a wallet, there is also example code on how to use their protocol to write a program on it. The more I read about IOTA the more scared I become of the future.
The West is really handing over power to the machine. I'll be off to the African continent once the machines have their stock exchange. Here is a clip of one of the IOTA founders. Really quite interesting.

Another great example is VERTCOIN . Vertcoin has many many meaningful commits and must certainly be one of the most undervalued digital currencies. Based on their work on Github alone they should be worth so much more. Considering also that they are the only company other than Bitcoin and Litecoin who have implemented the Lightning Network, I remain surprised why they are not among the top three currencies. Could it be because they don't have the sharp suits representing them? I don't think so. What could it be? Any thoughts are welcome.

He looks so so young, but what a smart cookie, so is the IOTA guy by the way.

I like the idea of Monaco and this is why I bought their coins a couple of weeks ago (not much). Don't forget I am new to this game so hadn't realised that there are other companies offering the concept of a visa card as well. Tenx for example. I chose to go with Monaco because the market capitalisation of Tenx was soo high, and the price of the coin therefore too high.
But when I checked Monaco's github yesterday, I decided to sell half of my Monaco coins and hold on to the other half. A lot of value on the exchanges is created because of the PR and not the underlying tech. Let's see what they are going to present to the world in 48 hours. The promise is a new app which allows buying and selling of different crypto currencies using a credit card.

I also checked VERGE, and again a great quality coin when relying on Github. As mentioned other variables also play a role. Today I will spend my modest gains from Monaco on a few Verge and a few Vertcoins to hold.