State of Blockchain 2017

AccessTimeIconMar 6, 2017 at 1:39 a.m. UTC
Updated Aug 23, 2021 at 8:49 p.m. UTC
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"title": "State of Blockchain Q4 2016",

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  • • Public blockchain assets rally in 2016 as bitcoin, ethereum, monero, dash and maidsafecoin exhibit 100%+ price growth
  • • Bitcoin's price climbs to a yearly peak of $983, exceeding a market cap of $15 billion, 87% of all blockchain assets
  • • The 'Big 3' Chinese bitcoin exchanges, OKCoin, Huobi, and BTCChina, reportedly averaged 94% of 2016's total global trading volume - plus a look forward at how this quickly changed after PBoC investigations in January 2017
  • • Bitcoin blocks in Q4 2016 averaged 86% capacity (.86MB) while signaled support for Bitcoin Core's scaling proposal ('SegWit') reached just 27% of the necessary activation threshold
  • • Ethereum's price slides in 2016 after The DAO and hard forks, creating ethereum classic
  • • Blockchain venture capital funding reached $496 million in 2016 while ICOs totaled $236 million
  • • 28 of the top 30 banks are now engaging in blockchain proofs-of-concept
  • • Hyperledger grows 30% in Q4 2016, passing the 100-member milestone and expanding globally with 25% Chinese membership

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