In the information age data are vital. A political decision without sufficient information will lead almost certainly to the disaster, also a financial decision will eventually lead to a loss if the same is not considered adequately with the data in hand. He knows very well CoinMarketCap (CMC), one of the major sources of information about the crypto market available on the Internet, with rankings, charts, tools, and other interesting resources for those who operate with criptomonedas or work on issues that involve. And starting this November 12, CoinMarketCap will be updated with the launch of a new system for the measurement of the liquidity in the markets, with the objective of improving ranking of exchanges of criptomonedas by liquidity, as they would have announced today, during a round table held in the Data Accountability & Transparency Alliance (DATA), a group of exchanges and other projects committed to transparency in the use of criptomonedas. The use of a ranking of liquidity to qualify for the exchanges can generate problems, as confessed by the representatives of the CMC, who said that this would include figures such as money laundering, in addition to the difficulty of measuring and communicating the amounts, as they vary constantly. This is why CMC’s plan to the use of a system of self-reporting of figures, in which the exchanges would send the information directly to CoinMarketCap, receiving incentives in the form of “medals” for completing the greatest amount of information required. Among the data that would be requested CMC and would receive medals, are the location of the company and the information that you share with another exchange. Already in the month of may, CoinMarketCap announced that they would start to withdraw exchanges of your website, and therefore of the listings done, if the same did not comply with the submission of the required data to compile the ranking, and other resources of CMC. Therefore, the delivery of rewards for your shipment would be a change in the strategy to get information by CoinMarketCap. From CriptoTendencia we decided that this was the tip of the Day today, because the same represents an important example of self-governance in the sector of criptomonedas. And that is, CMC and the exchanges that are part of DATA are not requiring the intervention of any state agency to establish rules of the game clear in the sector, which is an example of what you can build a technology like the Blockchain when it is properly used. The following two tabs change content below. Student of International Studies, interested in issues of economy and international politics. Passionate about the progress of the Fourth Industrial Revolution in general and the criptomonedas in particular.
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