Bitcoin Days Destroyed: Difference between revisions
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==Graph of Bitcoin Days Destroyed== | ==Graph of Bitcoin Days Destroyed== | ||
[[File: | |||
Percentage of Bitcoin Days destroyed vs block number, as of June 17th 2011. | |||
[[File:June-17th-days-destroyed.png]] | |||
==References== | ==References== | ||
Revision as of 09:38, 17 June 2011
Bitcoin Days Destroyed is a measure of the transaction volume of Bitcoin. [1] A bounty for a script to compute the Bitcoin Days Destroyed by the transactions in a block has been awarded. [2]
Calculation
Example
If someone has 100BTC that they received a week ago and they spend it then 700 bitcoin days have been destroyed. If they take those 100BTC and send them to several addresses and then spend them then although the total transaction volume could be arbitrarily large the number of bitcoindays destroyed is still 700.
Graph of Bitcoin Days Destroyed
Percentage of Bitcoin Days destroyed vs block number, as of June 17th 2011.
