State of Blockchain 2017

AccessTimeIconMar 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

}

]

};

Disclosure

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

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.