How to Track Your Cryptoportfolio?

Eventually we have arrived here. Now we are able to track our crypto portfolio in real time.

We started almost 2 years ago investing in different blockchain systems and we had a problem of real-time valuation of our portfolio. We solved it using this “spreadshit”. There were solutions that could work for us — cryptonator and whole pack of mobile trackers, but they failed. The biggest problem with all mentioned resources was and is a lack of support for all necessary assets. As real nerds we were looking for the best way to solve our problem. We wanted more than just a portfolio tracker. And we have developed such a tool!

Money is a language of economy. Being in love with blockchain technology we wanted to empower more people — gave them a tool to choose, invest and track their blockchain investment portfolios.

What’ the Problem, Man?

One of the main problems with any blockchain portfolio is that blockchain systems emerge very fast. There are more than 1000 cryptocurrencies or cryptoassets that have already market valuation. To track them all the data should be gathered from more than 100 centralized exchanges and 5 decentralized exchanges.But for a good tracker it is not enough.

The balances should be updated for more than 500 independent blockchains or consensus ledgers and for at least 10 asset protocols created by these blockchains. That is huge. But not all.

Probably more than 10k cryptocurrencies or cryptoassets have no market valuation and some of them are really interesting and promising in terms of future returns. Thus there should be a tool to monitor them as well.

We decided to solve these problems step by step.

Technological Magic

I am a big fan of Git and Github. I like the way it helped me to organize development process thanks to Git technology.

When 2 years ago I began to analyze deeper blockchain technology I realized how naturally blockchains are organized and how easy to understand. In the core of any blockchain lays public key cryptography. Like Git, it is a brilliant invention. Why?

When I told my friends that they could open any Bitcoin account using only a piece of paper, and a pencil I felt excited and I saw their initial mistrust reaction and then “aha”-moment. Any private key can work for any blockchain. Once you calculated your public key from your private key you can derive address for any blockchain using some calculation. This “key”-thing is the most critical point for blockchain adoption.

Every blockchain could share network effects with every blockchain

An active account on any blockchain means that the same account exists on all others blockchains. Even if a blockchain doesn’t exist yet. This is weird, but that is the fact.

So public keys and addresses form a base for the whole blockchain economy. And hundreds of blockchain systems have already been born. And many more thousands will be born. I believe that blcokchain technology will outperform other businesses that exist. Certainly, some businesses will adopt it as it happened with the Internet.

Could you imaging what kind of a programmed zoo we will see soon? On a blockchain you can create in one click any entity you want using a template and it will work!

The accounts, assets, equities, robots or anything else that you can imaging should:

Have a unique address derived from the creators private key
Should be accounted to make it transferable using another address derived from the same private key

This concept is very simple, but I do believe that it could bring to life a whole new economy.

Thus tracking addresses is so critical! And we decided to start from it. We will allow you to keep all your addresses in one convenient place in a way that will help you understand your portfolio and do more.

Your Investment Portfolio

This picture shows our investment portfolio in realtime. Using our service you will get instantly a valuation of your cryptoassets. Moreover, by putting all eggs together you will get some additional insights on how to adjust your investment strategy. If you wonder how to make your portfolio, watch this educational video created by @lomashuk.

You can try it right now!

The pubic accounts will be free forever. I know what you are thinking about!

Nobody will ever open their financials…

Live long and prosper! Look on what other guys are doing:

The private accounts would cost a little but at this point of time they are also free.

We do believe that transparency that is embedded in blockchain could transform traditional businesses.

A Long Road Ahead

At this point of time the balances that you get are auto-updated for bitcoins only. The other balances should be updated manually. We know it sucks and we will improve our service step by step.