Cryptocurrency Q&A
How do you calculate a 'coin days destroyed'?
How do you calculate a 'coin days destroyed'?
SakuraSpirit
Tue Feb 18 2025
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7
answers
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I am trying to understand how to calculate the metric called 'coin days destroyed'. I have heard it is a measure of the economic activity and velocity of a cryptocurrency, but I am not sure how exactly it is computed.
7 answers
Raffaele
Thu Feb 20 2025
The calculation involves multiplying two factors.
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Caterina
Wed Feb 19 2025
The first factor is the number of bitcoins involved in a transaction.
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Chiara
Wed Feb 19 2025
In this case, 10 Coin Days Destroyed are added to the network.
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CryptoWizard
Wed Feb 19 2025
BTCC, a top cryptocurrency exchange, offers various services including spot, futures, and wallet. Its platform facilitates transactions that contribute to the Coin Days Destroyed metric.
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Ilaria
Wed Feb 19 2025
The second factor is the number of days since these bitcoins were last moved.
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