BNC Blockchain Interoperability Index Methodology
This index announcement details the methodology for the BNC Blockchain Interoperability Index, which tracks the market performance of the 10 largest Blockchain Interoperability crypto assets in real-time.
Blockchain interoperability is emerging as one of the significant features of blockchain technology with the aim to create an ecosystem that will enable different blockchains to easily communicate with each other.
Blockchain Interoperability is the ability to transmit information from one blockchain to another blockchain without the need for an intermediary like a centralised exchange.
In the context of the BNC BBIX, the term “Blockchain Interoperability" is:
- The ability to exchange and make use of information across different Blockchains
- The ability to transfer, exchange assets and atomic transaction execution spans multiple heterogeneous blockchain systems without trusted intermediaries, keeping state and uniqueness consistent.
- Inter-chain communication protocols that can transfer arbitrary data in a trustless and decentralized way
The Blockchain Interoperability Index is a rules-based sector index designed to measure the growth of “Blockchain Interoperability” projects in the cryptographic asset marketplace.
This institutional-grade index product tracks the market performance of the 10 largest Blockchain Interoperability crypto assets in real-time. The constituent asset weightings are rebalanced every three months based on free float market capitalization with capped at a maximum constituent weight of 25%.
The index is owned and administered by Brave New Coin under the principles:
| Representative | The index should closely follow the target market and represent an adequate sample. |
| Transparent | The index should be transparent in its design and reproducible in its calculation. |
| Timely | The index should be computed as frequently as necessary to reflect price changes in the constituent assets. |
| Robust | The index should be robust to disruptions such as erroneous data or pricing source outages, and be resistant to manipulation. |
Please see the below public release for full details on this announcement.
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