Reliance Jio, led by Mukesh Ambani, has made a big move into the Web3 and blockchain world by launching JioCoin, a new digital token.
JioCoin will be issued on the Polygon Labs network and will bring innovative Web3 services to Jio’s huge customer base of over 450 million people.
This step shows Jio's commitment to bringing the latest in digital technology to its users, offering new and exciting services in the fast-growing Web3 space.
On-Chain Analytics On-chain analytics refers to the act of analysing the data of a given blockchain, such as Bitcoin or Ethereum, to better understand trends and patterns related to network performance, user behaviour and the market.
A method of structuring data that can significantly reduce the amount of data that a trusted authority must maintain for verification purposes. Merkle trees are widely used in public blockchain networks.
Market Cap Calculated by multiplying circulating supply by market price, market cap(italisation) represents the total trading value of a given cryptocurrency.