Proof of Usefulness Report

Blockstream

Analysis completed on 1/15/2026

+669
Proof of Usefulness Score
Category Standard

Blockstream is a recognized 'unicorn' in the Bitcoin infrastructure space with a valuation exceeding $3B. The project demonstrates exceptional technical innovation (Sidechains, Satellites) and high real-world utility in the B2B/crypto sector. However, the submission quality itself was poor, containing hyperbolic claims ('everyone', 'most people') and lazy data entry. Despite the weak submission effort, the verifiable external reality of the project's scale and impact warrants a high score, adjusted downward for the lack of precise data provided.

Ready to Compete for $150k+ in Prizes?

Move this data into a HackerNoon blog draft to become eligible for your share of $150k+ in cash and software prizes

View All Reports

Score Breakdown

Real World Utility+225
Audience Reach Impact+112
Technical Innovation+142
Evidence Of Traction+225
Market Timing Relevance+80
Functional Completeness+2
Subtotal+787
Usefulness Multiplierx0.85
Final Score+669

Project Details

Project URL
Description
Blockstream is the global leader in Bitcoin and blockchain technology. Applying cutting-edge cryptography and security engineering, we’re building the products and networks that make financial markets more efficient by reducing reliance on trust.\n\nBitcoin is at the heart of everything we do. From enterprise-grade settlement networks, to consumer wallets, to Bitcoin satellites, our technology is accelerating the adoption of bitcoin-based peer-to-peer finance. Blockstream's key innovation is in sidechains, which enable the introduction of brand new features to Bitcoin, as well as the issuance of new digital assets.\n\nOUR PRODUCTS:\n\n- The Liquid Network: sidechain-based settlement network for traders and exchanges\n- Blockstream Green: simple and secure Bitcoin wallet with Liquid support\n- Blockstream Mining: colocation services for Bitcoin miners\n- Blockstream Satellite: the Bitcoin blockchain beamed from space \n- Many major contributions to Bitcoin open source software and research
Audience Reach
everyone
Target Users
everyone
Technologies
Space Technology, Research, Construction
Traction Evidence
most people have used my product

Algorithm Insights

Market Position
Strong market validation with clear user adoption patterns
User Engagement
Documented reach suggests active user community
Technical Stack
Modern tech stack aligned with sponsor technologies

Recommendations to Increase Usefulness Score

Document User Growth

Provide specific metrics on user acquisition and retention rates

Showcase Revenue Model

Detail sustainable monetization strategy and current revenue streams

Expand Evidence Base

Include testimonials, case studies, and third-party validation

Technical Roadmap

Share development milestones and feature completion timeline