Flipside Crypto and Prysm Enable Real-Time Tracking of Economic Outcomes

Boston-based data Analytics Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Read this Term startup Flipside Crypto and Prysm Group, a consulting firm for Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term implementations, announced today a partnership to deliver real-time economic analytics for crypto projects.

The firms also announced The Open Application Network (OAN), a public infrastructure for Open Apps, which utilises the token AION to enable transactions and network security, as their first customer.

Flipside Crypto and Prysm Group have developed the Economic Suite, a series of visualisations to enable the real-time tracking of economic outcomes measuring platform and ecosystem health. The Suite includes several categories of metrics that provide actionable insight into token movement and price drivers, validator compensation and consolidation, and transaction fee fluctuations.

Developing the Economic Suite

"We are thrilled to partner with Prysm Group to develop the Economic Suite," said Dave Balter, CEO of Flipside Crypto. "Their expertise in blockchain economics is unparalleled, and their ability to design effective economic analysis has enabled the successful launches of numerous blockchains. Matched with Flipside's ability to track token movements and visualize results has provided a much-needed solution for blockchains seeking to drive user adoption and operator success."

Projects using the Economic Suite will be able to judge real-time effects of network adjustments via performance indicators; for example, a network that increases its validator rewards will be able to observe its impact on the level of consolidation.

"We are excited to announce the Economic Suite together with Flipside Crypto, whose chainwalking process unlocks the granular data network developers often lack access to," said Dr. Cathy Barrera, founding economist at Prysm Group. "The Economic Suite utilises this industry-leading access to build out a set of variables that deliver true economic insight into crypto projects' real-time functioning for the first time."

"When we heard about the Economic Suite from Prysm Group and Flipside Crypto, we jumped at the chance to get involved." Sam Pajot-Phipps, head of strategy at The OAN Foundation, said.

Effective partnership

"We've worked independently with both organisations and couldn't imagine a more effective partnership. Bringing together Prysm Group's deep expertise in blockchain economics and Flipside Crypto's data analytics capabilities provides robust frameworks to facilitate data driven decision-making," Pajot-Phipps noted.

Flipside Crypto’s suite of analytics tools provides insights into user behaviors, developer activities, and financial health.

The firm offers business intelligence to more than 75 blockchain and is backed by Galaxy Digital Ventures, True Ventures, Coinbase Ventures, Digital Currency Group, Avon Ventures (a venture capital fund affiliated with FMR LLC, the parent company of Fidelity Investments) and other investors.