Coin_Blocks_Created
Tech spec
| Field | Value |
|---|---|
| API name (slug) | coinblocks_created |
| Group | cointime statistics |
| Unit / Valuetype | coinblocks / other |
| Shape | scalar |
| Resolutions | block, h1, h4, h8, h12, d1 |
| Endpoints | /v2/cointime_statistics |
| Tier | 0 |
| Last updated | 2025-08-25 18:22 UTC |
| Docs | Open in Swagger |
Brief Description: Coinblocks created in the Bitcoin network.
Coin_Blocks_Created measures the aggregate number of coinblocks in Bitcoin. It reflects economic activity and is a fundamental unit in the Cointime Economics framework.
Interpretation The analysis of Coin_Blocks_Created offers insights into the overall growth and economic activity within the Bitcoin network. A high Coin_Blocks_Created indicates an expanding network with a growing number of Bitcoin transactions and activities. This can reflect investor confidence, increased adoption, or network expansion. Conversely, a stagnating or slowly growing Coin_Blocks_Created might suggest reduced economic activity or market stagnation. Therefore, Coin_Blocks_Created is crucial for understanding the macroeconomic trends and health of the Bitcoin ecosystem.
Advanced Explanation Coin_Blocks_Created quantifies the total volume of coinblocks added to the Bitcoin economy. Each coinblock represents a unit of coin volume and lifespan, accumulating with every block confirmation. Coin_Blocks_Created is a primitive of cointime economics.
Cointime Economics is a new framework for Bitcoin onchain analysis published by James Check and David Puell. References: https://ark-invest.com/white-papers/cointime-economics/ and https://insights.glassnode.com/introducing-cointime-economics/