State of Blockchain 2017

Mar 6, 2017 at 1:39 a.m. UTC
Updated Aug 23, 2021 at 8:49 p.m. UTC

var researchConfig = {

"title": "State of Blockchain Q4 2016",

"subtitle": "Summarizes key trends, data and events from the fourth quarter of 2016 and the year as a whole.",

"publishDate": "March 6th, 2017",

"slug": "state-of-blockchain-q4-2016",

  • • 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

",

"rootMediaUrl": "https://www.coindesk.com/wp-content/uploads/research/state-of-blockchain/2016/q4/img/",

"pdf": "https://www.coindesk.com/wp-content/uploads/research/state-of-blockchain/2016/q4/sob2016q4.pdf/",

"imageMediaPath": "sob2016q4-img-${page}.png",

"pages": 113,

"tableOfContents": [

{

"title": "Research Framework",

"page": 5

}

]

};

The Festival for the Decentralized World
Thursday - Sunday, June 9-12, 2022
Austin, Texas
Save a Seat Now

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Trending

1
CoinDesk - Unknown
Sequoia's Guide to Surviving the 2022 Bear Market

Venture capitalists have gotten increasingly frantic over the last few months.

Venture capitalists have gotten increasingly frantic over the last few months.

CoinDesk - Unknown
2
CoinDesk - Unknown
NFT Art Museums Are a Good Idea

The metaverse turns galleries global, and helps fund the arts. This article is part of “Metaverse Week."

The metaverse turns galleries global, and helps fund the arts. This article is part of “Metaverse Week."

CoinDesk - Unknown
3
CoinDesk - Unknown
How the US Can Establish Itself as a Crypto Leader

Regulators have an opportunity to map out thoughtful, strategic policy on stablecoins and beyond.

Regulators have an opportunity to map out thoughtful, strategic policy on stablecoins and beyond.

CoinDesk - Unknown
4
CoinDesk - Unknown
No, the UK Is Not Going to Make USDC and USDT Legal Tender

For “legalize” read “regulate.”

For “legalize” read “regulate.”

CoinDesk - Unknown