There are many ways to classify different crypto-currencies between them: from the "Market Cap" to the volume of exchange, through the number of portfolios created.
But we can look at an indicator that not all investors think about: this is the activity of GitHub repositories around computer programs related to each cryptocurrency.
Crypto-currencies classified by number of "commits" GitHub
Until now, it was not possible to compare in a few seconds the activity of the GitHub repositories of the different crypto-projects. This is what Cryptomiso, a new site that already aggregates, when writing this article, the data related to 615 crypto-currencies (out of the 1,500 referenced on CoinMarketCap) is now possible.
Cryptomiso allows to visualize the number of "commits" - the modifications made to the computer files related to a project. The site offers the opportunity to quickly see if a digital currency has been abandoned, or if it still involves hundreds of hours of work from several developers.
In fact, we notice that the most active projects seem to be projects in the making, around which much remains to be done.
In this way, Cardano was in first place, with more than 6400 "commits" generated by fifty participants, followed by Lisk, Waves, Ox and EOS. Bitcoin, presented as a "digital gold", came in 7th place, just behind Globaltoken, a relatively obscure asset, linked to a "capitalization" of about $ 800,000.
Cryptomiso makes it possible to visualize the number of "commits" - the modifications However, it is important to understand that this indicator does not, on its own, make it possible to ensure the quality of a digital currency.
In fact, these data show us the number of updates made to the computer code of a project ... but they do not give us any indication as to the quality of these additions. Thus, the simple correction of a minor bug will be transcribed in a manner identical to the support of the Lightning Network - while their potential effects on the price of the asset concerned are far from identical.
Evil Coin and Bigup do not interest developers
Evil CoinWhile the values found in the first places attract the attention of many developers, we can not say the same for those at the bottom of the rankings.
We note the presence of Bigup (614th), Evil Coin (612th) or Yescoin (608th). With only one "commit" since their creation, we can think that their chances of one day reaching the top 10 of the ranking of digital currencies are extremely slim.
For the moment, the functionalities offered by the site are relatively basic.
Here are the places, in terms of activity on GitHub, of the first 10 crypto-currencies:
Bitcoin: 7th
Ethereum: 42nd
Ripple: 106th
Bitcoin Cash: 95th
Cardano: 1st
Stellar: 72nd
Neo: 163rd
Litecoin: 27th
EOS: 5th
NMS: 239th
Again, these data alone are not very useful. It should not be limited, and visit the relevant GitHub repositories to be able to study the quality of the changes that are made.
Cryptomiso however remains a valuable tool for investors who want to gather more information - and go beyond technical analysis or reading White Papers .