Amid a protracted bear market, a new conceptual framework for understanding the Bitcoin economy was launched Thursday.

David Puell, research associate for ARK Invest, and James Check, lead analyst for Glassnode, co-authored a whitepaper dubbed “Cointime Economics: A New Framework For Bitcoin On-chain Analysis.”

“It provides a toolkit to properly understand the economic realities of Bitcoin,” Check told Decrypt, detailing that it “adds a new lens to assess the market.”

The whitepaper provides insight into the differences between the current unspent transaction (UTXO) a new “cointime ” model for understanding what the authors call the “real economic weight of a Bitcoin.”

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Author: Pedro Solimano

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