The adoption of blockchain and cryptocurrency for different purposes has paved the way for the creation of a plethora of use cases. Data is an important part of any system, and how the data is used determines the success of the system. The world of cryptocurrency thrives on data, and data like crypto indices and assets are important to help users make informed decisions, while also monitoring the analytics of various crypto assets.
Crypto Price Index (CPI) can be likened to the Dow Jones Industrial Average (DJIA), but in this case, it is for cryptocurrencies and helps crypto users and investors to identify options they need to invest in diversified crypto assets. The blockchain-based index comes with amazing benefits that contribute to its uniqueness, and interestingly CPI has been listed on HotBit, and will function as an efficient and effective platform to facilitate diversified investments in crypto assets.
The CPI framework is a decentralized system that takes into cognizance the various flaws of some similar platforms and turns those flaws into its strengths while providing a healthy and thriving ecosystem needed for its growth and development. The CPI platform offers two basic products to promote its functionality: the CPI coin, and the CPIX token, each performing its unique functions within the ecosystem.
The CPI is a conglomerate of elements that function together to create a functional system and some of its features include:
The CPI platform is blockchain-based, and by default it is decentralized. A decentralized framework means there is no central authority to make decisions on behalf of the members and contributors to the ecosystem. This invariably means that members of the CPI community are responsible for the activities within the ecosystem.
It is built on the trusted Ethereum blockchain, and that is an indicator of a stable infrastructure. Investors and users of the CPI platform can be assured of seamless connectivity and optimal performance when performing crypto operations on the platform.
Data security is an important part of any internet-based system, and the underlying blockchain technology of the CPI platform presents its own cryptographic security that is immutable, and thus it makes it impossible for anyone to alter any data sent to the blockchain network. There are other security protocols and frameworks set up to ensure that user data remains safe and secure.
- Data Points
With several crypto exchanges connected to the CPI platform, users will have access to data collected in real-time. Collation of data in real-time will help users make better decisions about their diversified crypto assets.
- CPI Coins and CPIX Tokens
The CPI coin is used to facilitate the governance of the CPI ecosystem via incentives and rewards, while the CPIX tokens can be used for transactions and other services within the CPI ecosystem.
Disclaimer: Crypto Price Index (CPI) is not endorsed or connected to the Dow Jones Industrial Average (DJIA).
Crypto Price Index (CPI) has been listed on HotBit. was originally published in The Capital on Medium, where people are continuing the conversation by highlighting and responding to this story.