Bitcoin to the cryptocurrency market, and to emphasizing its far superior worth as opposed to other digital currencies.</strong></p>\n<p>In fact,<strong> the Bitcoin Dominance Index</strong> is offered by <strong>CoinMarketCap,</strong> and it keeps an eye on Bitcoin&rsquo;s total market capitalization connected to the total market cap of all virtual assets.</p>\n<p>Nevertheless, investors should be cautious about a few aspects when negotiating<strong> the Bitcoin Dominance Index</strong>. For instance, there is an outgoing debate about the utilization of the market cap as a measuring tool.</p>\n<p>The debate originates from the large percentage of Bitcoin that is inactive such as coins that are languishing in abandoned or lost <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-wallet/">wallets. 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Terms","updated":false,"chapter":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters/crypto-101-glossary.jpg","chapter_simple":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters-simple/crypto-glossary-101.jpg","rating":100,"sections":["A","B","C","D","E","F","G","H","I","J","K","L","M","N","O","P","Q","R","S","T","U","V","W","X","Y","Z"]}],"nextSection":{"id":289,"original_id":null,"author_id":40,"translator_id":null,"title":"Who is Dorian Nakamoto?","slug":"who-is-dorian-nakamoto","section":"D","keyword":"Dorian Nakamoto","status":"published","definition":"is a Japanese-American engineer who some believe is Satoshi Nakamoto, the creator of Bitcoin.","content":"<p><strong>The attempt to reveal Bitcoin&rsquo;s founder took the next step when in March of 2015, Newsweek identified Dorian Nakamoto as <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/who-is-satoshi-nakamoto/">Satoshi Nakamoto</a>.</strong></p>\n<p>The article was written by Leah McGrath Goodman, and the main indicator that supposedly had to support his claim is Dorian&rsquo;s birth name, which is Satoshi Nakamoto. To deepen the Satoshi narrative, Dorian Nakamoto lived in Temple City, CA, just a few blocks from prime Satoshi suspect <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/who-is-hal-finney/">Hal Finney</strong></a>.</p>\n<p>Moreover, for a long time, Dorian was seen as the fittest candidate for being the real creator of the cryptocurrency for the absence of denial when he was given questions regarding <strong><a href=https://www.bitdegree.org/"/crypto/buy-bitcoin-btc/">Bitcoin.

/n

However, later on, Dorian then dismissed all allegations, claiming that he had never known of Bitcoin before that moment in his interview and that his response to Goodman's inquiry was <strong>a</strong> <strong>misunderstanding.</strong></p>\n<p>To be exact, he previously said: <strong>&ldquo;I am no longer involved in that and I cannot discuss it. It&rsquo;s been turned over to other people. They are in charge of it now. I no longer have any connection.&rdquo;</strong></p>\n<p>In fact, Dorian stated that he misunderstood Goodman&rsquo;s question as being linked to his work in the military, and after that, he indicated that it was his work on Citibank that he thought Goodman was asking about. Interestingly enough, on the same day, <strong>the real Satoshi&rsquo;s P2P Foundation account</strong> had posted the very first comment saying <strong>&ldquo;I am not Dorian Nakamoto.&rdquo;</strong></p>\n<p>His daughter stated that Nakamoto was fired twice from jobs in the 1990s, which led him to become a libertarian. Later, he advised his daughter to start her own business so she would be <strong>\"not under the control of the government.\"</strong></p>\n<p>In addition, the publication of an image of Nakamoto's house was the magazine's worst misstep. A quick picture search might readily disclose where it is. While many people did not think Dorian Nakamoto was the creator of Bitcoin, the crypto community was outraged that his anonymity had been breached.</p>\n<p>Speaking of which, Dorian Nakamoto still managed to gain profit from the situation when <strong>an online campaign raised approximately 100 bitcoins on his behalf</strong>. Moreover, it was a way of the community saying &ldquo;thanks&rdquo;.</p>","level":"medium","meta_title":"Who is Dorian Nakamoto? Definition & Meaning | Crypto Wiki","meta_description":"Dorian Nakamoto meaning: Dorian Nakamoto - is a Japanese-American engineer who some believe is Satoshi Nakamoto, the creator of Bitcoin.","meta_keywords":null,"language":"en","created_at":"2022-03-09T07:00:47.000000Z","updated_at":"2022-05-13T14:32:23.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/who-is-dorian-nakamoto"},"prevSection":{"id":287,"original_id":null,"author_id":40,"translator_id":null,"title":"What is Documentation?","slug":"what-is-documentation","section":"D","keyword":"Documentation","status":"published","definition":"is a section that keeps all the data of an asset on the blockchain.","content":"<p><strong>Documentation&nbsp;is one of the four most important parts of token economies which refers to the economics of products and services that have been tokenized.</strong></p>\n<p>Blockchain allows specific economies to operate without intermediaries while documenting and providing ownership, digitizing physical assets, executing specific rules, and enabling potential trading.</p>\n<p>In addition, blockchain is very suitable for developing <strong>forge-proof records.</strong> Besides, documentation is the starting point of <a href=https://www.bitdegree.org/"/crypto/buy-bitcoin-btc/">Bitcoin transactions and can safeguard several other financial transactions. When records and information are required to be forge-proof and revision-proof, documentation works great as well.</p>\n<p>By providing the integrity of the information and establishing the timestamp <strong>on-chain,</strong> blockchain documentation eliminates these doubts. Documentation also assists in proving the authorship of the document through the use of <strong>a cryptographic signature</strong>.</p>\n<p>When something has been recorded on the blockchain, it is impossible to generate a unique <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-hash/">hash of this information. This enables users to prove that they possess the initial, unaltered documents by just verifying it one more time.</p>\n<p>In addition, it is almost impossible to prove the unchangeable<strong> time of origin of a signed agreement, claim, or document outside of a blockchain setting</strong>. Photographs and autographs may both be simply manipulated.</p>\n<p>The procedure also includes a timestamp, which allows the user to pinpoint the precise minute when a block was <strong>validated</strong> by a blockchain network. As the whole network is synchronized among <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-node/">nodes all over the world, the timestamp guarantees that data input can be confirmed and documented.</p>","level":"easy","meta_title":"What is Documentation? Definition & Meaning | Crypto Wiki","meta_description":"Documentation meaning: Documentation - is a section that keeps all the data of an asset on the blockchain.","meta_keywords":null,"language":"en","created_at":"2022-03-09T06:39:24.000000Z","updated_at":"2022-05-13T14:32:23.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-documentation"},"currentChapter":"D","currentSection":"what-is-dominance","chapterTitle":"D","readingLevel":"easy"},"url":"/crypto/learn/crypto-terms/what-is-dominance","version":"cdd198d50cbe5c9c21c9329d7c096ffc"}" class="container-fluid d-flex crypto-book p-0">

Crypto Terms: Letter D

What is Dominance?

Dominance MEANING:
Dominance - is a measure of Bitcoin’s worth in the major cryptocurrency market.
Easy
1 minute

Let's find out Dominance meaning, definition in crypto, what is Dominance, and all other detailed facts.

The dominance measurement is aimed at showcasing the initial structure of Bitcoin to the cryptocurrency market, and to emphasizing its far superior worth as opposed to other digital currencies.

In fact, the Bitcoin Dominance Index is offered by CoinMarketCap, and it keeps an eye on Bitcoin’s total market capitalization connected to the total market cap of all virtual assets.

Nevertheless, investors should be cautious about a few aspects when negotiating the Bitcoin Dominance Index. For instance, there is an outgoing debate about the utilization of the market cap as a measuring tool.

The debate originates from the large percentage of Bitcoin that is inactive such as coins that are languishing in abandoned or lost wallets. This is an issue that becomes worse every time there is a significant price rise and new, inexperienced investors buy coins and then forget about them.

According to some, about 30% of all Bitcoin coins mined have high levels of dormant, and this makes the market cap a possibly untrustworthy measurement tool.

There are other initiatives aiming to challenge Bitcoin's supremacy, some of which include Ethereum, which provides more complex uses for blockchain technology than the production of currencies that just hold value. Nonetheless, Bitcoin's market capitalization is a great indication of the massive and ever-changing magnitude of the world's largest cryptocurrency, as well as its significance in relation to other cryptocurrencies.

Also, the Bitcoin Dominance Index is utilized by traders to track the viewpoint within the crypto market. Without a doubt, the market cap of Bitcoin is an essential tool of indicating how investors are thinking. But Bitcoin price fluctuations are usually expressive of shifts in sentiment throughout the bigger crypto market.

This means that the Bitcoin Dominance Index can provide information that may be relevant to altcoins as well.