Home Litecoin A look at Litecoin’s ‘Coin Days Destroyed’ – The Block Crypto

A look at Litecoin’s ‘Coin Days Destroyed’ – The Block Crypto

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Quick Take

  • Coin Days Destroyed is a metric that gives more weight to litecoin transactions based on how long they’ve been held
  • It is calculated by taking the number of litecoin in a transaction and multiplying by the number of days since those coins were last spent
  • The Block’s research found that seven of the 10 largest CDD days happened in 2017 and 2018

by Steven Zheng

2 hrs ago  ·  2 min read

Coin Days Destroyed (CDD) is a concept introduced in a 2011 Bitcoin Forum thread. While the method was created to measure economic activity on Bitcoin, it could also be used on networks with a similar technological structure to Bitcoin like Litecoin.

To sum up our previous coverage of CDD in Bitcoin, instead of measuring the transaction volume, which can be manipulated by one individual moving the same coins back and forth multiple times, CDD gives more weight to coins that have captured more time prior to being moved.

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