According to the analytical company Elementus Inc., two thirds of all transactions in the Bitcoin network accounts for the distribution of rewards of pools, speculation and fraud.
The growth of investors’ interest in cryptocurrency gradually turn it into a speculative tool, rarely used as a means of payment. Elementus statistics, argues that now only 33% of transactions in the Bitcoin network are associated with the purchase of goods, works, services. Coins are actually not used as a currency, so the question arises about their real cultivation and value.
The main indicator is the ratio of the cost of the network to transactions (NVT), but it does not give an objective assessment without additional analysis. For example, the average transaction in Cardano network is much higher than that of Bitcoin, but an in-depth study of Elementus has shown that only 2% of them have economic value. Digital gold has significantly better, but it is also far from the level of payment.
In recent years, the use of cryptocurrency for calculations has increased significantly, and the systems offered by Coinbase Merchant and Square contribute to this. Manual Overstock.com, one of the first online stores that began working with virtual currency, says that people per week pay cryptocurrency goods at $ 68-120 thousand.
The turnover of Bitcoin and Altkoinov is directly related to their estimated cost. This was still in 2010 Satosha Doboto. Therefore, the further growth of this indicator will contribute to raising the course and internal value.
Recently, the crypton is gradually starting to restore lost positions.