https://m.stacker.news/18052
The Global Crypto Adoption Index is made up of five sub-indexes. Each of those sub-indexes is based on countries’ usage of different types of cryptocurrency services. We rank all 154 countries for which we have sufficient data on each sub-index, weight the rankings by characteristics like population size and purchasing power, take the geometric mean of each country’s ranking in all five, and then normalize that final number on a scale of 0 to 1 to give every country a score that determines the overall rankings. The closer the country’s final score is to 1, the higher the rank.
In order to calculate our sub-indexes, we estimate countries’ transaction volumes for different types of cryptocurrency services and protocols based on the web traffic patterns of those services’ and protocols’ websites. We acknowledge that web traffic data isn’t perfect. Some crypto users are almost certainly employing VPNs and other tools that mask online activity. But given that our index takes into account hundreds of millions of transactions and 13 billion web visits, we’re confident that any misattributed transaction volume due to VPNs is too small to compromise the data as a whole. We also vet our index with local crypto experts and operators around the world, giving us more confidence in this methodology.
Below is a description of each sub-index, how it’s calculated, and why we believe it’s valuable for measuring grassroots crypto adoption.
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🔗 chainalysis.com
India is surprising. Is it a younger tech savvy population?
With its massive youth population, India is undoubtedly a rapidly expanding market.