Here
are some details about an Android home screen widget, called BitcoinDark BTCD Market, that you might find to be of interest. This software is very similar in function to another of my products titled, PayCoin XPY Markets Widget. First, let's look at what a widget is. It's not like an app that you have to load and run each time you wish to use it.
Instead, you install it on your home screen where it just always runs,
even if you are using a different app. Whenever you return to your home
screen, a widget will be there for you.
To add
the BitcoinDark BTCD Market widget to your home screen, go to your
'Widgets' tab in your applications area, You will find all the widgets
you have in alphabetical order, so the BTCD widget will be near the beginning.
Go there and LONG PRESS on the blue spriral BTCD icon until it moves. Then you can
drag it onto your home screen. 'Apps'
tab. The only purpose for this aplication is to give you the option to
reset data files that were created and stored by the widget. Normally,
you wouldn't ever have to do this, but sometimes if a data file becomes
corrupted, or if a future update requires it, press the button to delete
all the widget data files. Doing so causes the widget to reset and
reinitialize itself with its built-in default values. The
widget data files will only be deleted if you press the button. Backing
out of the app, by pressing the Home or Back buttons on your device will
take you back to your home screen without deleting anything. This means
you can change your mind and back out, if you wish. Running after power-up. Once
the widget is installed on your home screen, it runs indefinitely, or
at least until you turn off your device. It will automatically appear on
the screen when you next power up the device. During this start up, the
widget might appear with a blank screen for a moment or two while the
software establishes connections with the various Internet sources from which
information is taken. You might also see a dialog box appear at this
time that says something to the effect, "Unfortunately BitcoinDark BTCD Market has
stopped." I am not sure why this dialog box appears, but do not be
alarmed, You will see the widget there on the screen, and working. A
possible explanation is that a delay in establishing Internet
connections causes the dialog box to appear. This could happen upon
power-up, or upon a break in your internet connection, but then after
the connection is re-established, BitcoinDark BTCD Market widget runs like
it's supposed to.
What the widget tells you.
Here is a list of all information reported by the BitcoinDark BTCD Market
widget. There are four 'pages' that display different info. With the
widget running, tap on the display to switch from one 'page' to the
next. The information reported is a combination of figures taken from
the web and calculations, or estimates, using web based figures. These are pretty self explanatory. They are figures reported by Coinmarketcap.com .
Figures reported by the Cryptsy.com. The prices shown represent the
spread between BitcoinDark buyers and sellers on the Cryptsy exchange.
Figures represent the price in Bitcoin for one BitcoinDark. .
This number represents the total number of BitcoinDark in existence.At this time new coins are produced by staking.
Sometimes the term 'market cap' or market capitalization is used to
refer to a coin's total market value. You can calculate the market cap
for BitcoinDark by multiplying Total BTCD by the BitcoinDark price in dollars or
euros. Source: chainz.cryptoid.info The
average transaction amount. This is Not the average of all transactions,
but rather the average of a small sample of ten consecutive
transactions updated once per minute. An average is the result of
adding ten transactions and dividing by ten. Avg. TX provides a snapshot
of transactions on the blockchain. Source: calculated from
chainz.cryptoid.info . The Median is the
result of arranging the ten transactions in order from smallest to
largest and then taking the middle one, or in this case, the amount
halfway between item 5 and item 6. The median is the middle value of a
group of transactions. At any moment, the average and median are
calculated from the same group of ten transactions. Sometimes you may observe that the average will be quite high, say 500 BTCD, but the
median is much smaller, say 15 BTCD. This happens because our sample has
captured one or two very large transactions and the remaining ones were
much smaller. The large transactions skew the average higher, but the
median is the value of the actual middle, perhaps a much smaller amount. By
looking at both the average AND the median, you can get a picture of how
volatile the money flow is. If the average and median are about the
same, transactions are fairly constant calm and steady. If there is a
large difference between them, you know you are looking at lots of
frothiness and choppiness. Source: calculated from chainz.cryptoid.info
This report attempts to tell the hourly coin minting rate. New coins
are minted by wallets as new transactions are
added to the blockchain. This raises the count of total coins over time.
The widget monitors the new coinage once per minute and makes
projections of the hourly rate of new coins minted. Source: calculated
from chainz.cryptoid.info . The same
applies here only for a daily rate. It takes a few hours of sampling to
begin to make good estimates of a daily rate. When you first start BitcoinDark BTCD Market, the widget will simply multiply the hourly rate by
24 for daily, but as more samples become available, a more accurate
daily rate will be computed. There is a problem in formulating hourly
and daily minting projections, and that is because the rate of minting
is not steady. You can't just multiply an hour's worth of samples to get
a true picture of a day's worth of new coins. You will see this as you
observe minting rates when they gyrate high and low when you first start
running the widget, over time, the reported values will stabilize.
Source: calculated from chainz.cryptoid.info .
This is a super experimental attempt to shed light on the 'velocity' of
paycoin transactions. Velocity is a term used by economists to describe
the rate at which a currency changes hands in an economy. It is a gauge
of an economy's overall health. High velocity means lots of money
changing hands, or money circulating many times--good for the economy.
Low velocity is the opposite. Relatively less money changing hands, or
money just sitting, not circulating--bad for the economy. To
compute daily flow, the widget does not add up all the transactions in
one day, but it produces an estimate of this daily amount. The widget
computes an average transaction size of a much smaller sample. It uses
this figure along with the target of one block solved per minute, and a
representative average number of transactions per block, which the
widget pulls from the web periodically. From this, BitcoinDark BTCD Market
widget computes an estimate of the daily sum of transactions. Generally,
velocity is expressed as a ratio of money flow divided by total money
supply. Maybe a BitcoinDark economy could be described by its velocity,
expressed as a similar ratio of daily flow divided by total coins. Current prices on Cryptotrade and BleuTrade exchanges. These prices are the price in bitcoin for one BitcoinDark Wrap-up
Hopefully
this gives you an understanding of all the information that BitcoinDark BTCD Market widget gives you. Hopefully the widget itself will give you
more insight into BitcoinDark, market prices, and economics. If you are not
yet an owner, just look at the ton of BitcoinDark metrics you can get for
$0.99! To get this information minute by minute on your Android Phone or
Tablet, follow this link to take you to the Google Play listing, and THANK YOU! Tom Woods |