You can use their data to learn about Bitcoin total market capitalization
You Can See Bitcoin Dominance Cheat Sheet
What is The Real Bitcoin Dominance Index?
The Real Bitcoin Dominance Index calculates Bitcoin’s market share among proof of work coins attempting to be money. It excludes all ICOs, stablecoins and other centralized projects.
What Makes this Dominance Index Different than CoinMarketCap?
The Real Bitcoin Dominance Index only includes coins using proof-of-work that are attempting to be money.
It does not include ICOs or stable coins.
Why does Bitcoin Dominance exclude ICOs?
Bitcoin Dominance excludes ICOs because they are each controlled and issued by a centralized entity and so therefore cannot act as hard money. Even if the ICO intends to be money, it cannot offer any improvement over the current fiat system of centralized banking and money printing.
Why does Bitcoin Dominance exclude stablecoins?
Stablecoins have a very specific use in mind: Stablecoins act as on-ramps and off-ramps between fiat and cryptocurrencies and are just an extension of government controlled fiat money.
Because The Real Bitcoin Dominance Index is only interested in tracking which cryptocurrencies are capable of becoming global money replacements one day, stablecoins cannot be included since their value and purpose depends on fiat dollars existing.
Why does Bitcoin Dominance only include proof-of-work coins?
Bitcoin Dominance only includes proof-of-work coins in its index because, so far, POW is the only consensus algorithm known to be able to keep the network decentralized. Decentralization is important because, if it cannot be achieved, then there is no improvement over the current system of centralized banking.
Why Does The Real Bitcoin Dominance Index Matter?
The Real Bitcoin Dominance Index matters because there is currently no easy way to track proof-of-work coins only. As an alternative to Coin Market Cap, where all coins are shown, Bitcoin Dominance only tracks the coins that are attempting to be used as a medium of exchange (i.e. money).
Why is There an Option to Include/Disable Ethereum?
Ethereum is included in the index because it is a proof-of-work coin, however, many people do not think Ethereum is attempting to be money (but instead a ‘global decentralized internet’).
Because of this, we give you the option. If or when Ethereum moves to a proof-of-stake consensus algorithm, it may be removed from the index entirely.