CoinDesk's Q2 2018 State of Blockchain
July 25 2018 - 1:23PM
InvestorsHub NewsWire
Bitcoin Global News (BGN)
July 25, 2018 -- ADVFN Crypto NewsWire -- CoinDesk's Q2 2018
State of Blockchain brings together the key trends, data and events
of Q2 2018 in over 100 slides. The report also includes results of
a 60+ question sentiment survey.
The major blockchains racked up
negative market indicators for a second straight quarter. Most of
these downtrends were around exchange activity where volumes were
down for most trade pairs. However, outside of the cryptocurrency
market trends, use cases and developer maturation filled the past
three months. Improvements are being put to work for both Bitcoin
(Liquid Network) and Ethereum (Raiden). Major corporations like IBM, Walmart and
international banks continue to submit patents and implement
related technology.
Highlights
Include:
-
BTC miner revenues -22%, average
fees -19%
-
Bitcoin hashrate grew by 26%
(decreased transaction speeds)
-
ICO funding neared $19 billion,
average ICO $39 million
-
Majority of survey respondents
think price declines were caused by shorts and rebounds from
over-speculation
-
Of major coins. EOS was by far the
stand out +44%. The worst performing coins were LTC -32% and XMR
-29%.
In depth
analysis:
Security breaches
51% attacks
Regulations
Litigation
Corporate developments
Employment
EOS
Bitcoin
Ethereum
General trading
ICOs
SAFTs
Venture capital
Distributed ledger
technology
ICOs vs.
VCs
The report highlights the disparity
between the top 4 ICOs and the top 4 traditional VC funding rounds
in Q2. EOS ($4.2B) finally finished their ICO and launched the
mainnet. The blockchain competitor to Youtube TaTaTu ($575M) was
funded by major investors like members of the Bacardi family. Basis
($133M) saw great interest as stablecoin based on a process of
creating and removing coins to induce or remove scarcity for a
consistent price. Orbs ($118M) is a dapp on the Ethereum network
that is focused on the ability to scale to “consumer scale”
transaction frequency and value.
In contrast 4 projects related to
industry received significantly less funding in total, but is
primarily because of EOS. Bitmain ($300M) is a Chinese based
company that created the first consumer-grade ASIC miner. Circle
($110M) introduced a platform for investing in cryptocurrencies.
Pintec ($103M) provides fintech services including blockchain based
applications. Paxos ($65M) offers blockchain based financial
services and operates the cryptocurrency exchange itBit.
By: BGN Editorial Staff
News:
Blockchain
Bitcoin
(BTC)
Cryptocurrency
Mining
EOS (EOS)
Ethereum
(ETH)
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