Trendalyze to Integrate Bitfury’s Crystal Blockchain Analytics Service to Monitor BTC/BCH Activity
This partnership will help boost information flow about transactions on the blockchain. Both Bitfury and Trendalyze announced that they would use the Crystal blockchain analytics service. Bitfury created the service. Trendalyze is an analytics, prediction, and monitoring platform for micro-trends.
The Crystal Tool
Bitfury is a leading blockchain company that offers an array of services in this space. The Crystal service is going to help Trendalyze make better predictions and analysis. Trendalyze was developed by Bitfury to assist in the identification and analysis of the BTC and BCH blockchains. As a result, it will help generate better monitoring results. To achieve this, it will address clustering and risk scoring of the blockchains.
How Trendalyze Will Work
Trendalyze is a pioneer in the search-base and machine profiling. It uses this approach to ensure granular analytics. This allows professionals to check into data patterns to understand the real cause of any event. The platform will give users the ability to view unique patterns via real-time monitoring. Thus, it will be easy to improve the outcome in the particular industry they work. With Crystal, Trendalyze will improve the monitoring ability and offer better data to the users.
According to the Crystal President, they are always working to make their tool better in the analysis of crypto and blockchains. With this arrangement, it will be possible to expand the Capacity of Trendalyze. This has been done by the inclusion of pattern search and motif discovery.
This is a platform used by crypto experts to unlock the value of data. It does so by searching and monitory small trends to identify opportunities for monetization. It is integrated with EOS, ETH, and BTC. It supports the advanced monitoring of transaction for optimization of revenue, prevention of money laundering, and fraud prevention. The platform operates in UK, US, Canada, India, Brazil, and Bulgaria. It is used in the healthcare, financial, gaming, and retail word.
About The Bitfury Group
This is a major blockchain-focused company that offers a wide array of services. It is working on solutions for the betterment of the blockchain technology. The goal is to ensure a transparent and trusted world. To achieve its goals, it heavily invests in innovation at all levels. It has invested in security, software, and hardware.
The company was created in 2011 and is a major provider of security infrastructure for the BTC network. Besides securing BCH and BTC, it also produces hardware solutions for crypto. These solutions include mobile data centers and semiconductor chips. It also provides software solutions for various apps through Exonum, a private blockchain. Besides that, it has a specialized team that works on the Lightning Network, LightningPeach.
This is a tool for blockchain analysis. It was designed to be used by authorities and the finance world. Crystal has a solution that offers a comprehensive view of the ecosystem using complex analytics. Whether it wants to determine how criminal elements are interconnected or simply tracking transactions it can be quite helpful in understanding the situation.