An academic research paper paints a grim picture of the crypto market‘s four popularly traded coins. Written and published by Daniel Perez, Jiahua Xu, and Benjamin Livshits. They wrote that 98%+ of transactions are worthless.
The paper claims that most, 98% of the coins’ transactions are not valuable. In other word, they add zero value to the overall market.
Analysis performed on Ripple’s XRP, Tezos’ XTZ, and EOS Transactions revealed some unflattering ‘facts.’ The authors claim more than 95% of EOS transactions were used for airdrop.
Those airdrops were valueless because the tokens had not yet entered the trading market. Moreover, 82% of Tezos (XTZ) and 98% of Ripple (XRP) were transacted for valueless tokens.
Daniel Perez is a PhD student at Imperial College of London; Jiahua Xu a researcher at University College London and Benjamin Livshits – chief scientists of Brave Browser.
As an expert on Bitcoin-related topics, I’ve found myself as a Journalist at CEX.IO – cryptocurrency exchange. I’m working on articles related to blockchain security, bitcoin purchase guides or bitcoin regulations in different countries.