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Reports

State of Blockchain Q1 2018

By C. Spencer Beggs
AccessTimeIconMay 14, 2018 at 4:13 a.m. UTC
Updated Aug 23, 2021 at 8:49 p.m. UTC
sob2018q1-2018-01
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var researchConfig = {

"title": "State of Blockchain Q1 2018",

"subtitle": "Summarizes key trends, data and events in Q1 2018.",

"publishDate": "February 6th, 2018",

"slug": "state-of-blockchain-2018",

"summary": "

CoinDesk's Q1 2018 State of Blockchain summarizes key trends, data and events in Q1 2018.

",

  • • Bear market takes hold in multiple cryptocurrencies. Price, transaction volume, exchange volume, and more all down over 3 months.
  • • Bitcoin hashrate continues to grow by 47% despite slumps.
  • • $6.3bn for ICOs and $885mn for VC. The average ICO raise amount has about doubled from last quarter of $16mn to $31mn.
  • • Transaction fees fall from 60% to 90% with bitcoin averaging a $9.49 fee per transaction.
  • • Sentiment Survey: 31% paid taxes on their crypto gains. 18% of U.S. respondents said they thought understanding taxes were easy compared to 38% of Non-U.S. respondents.

",

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"pages": 94,

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"title": "Introduction",

"page": 3

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{

"title": "Public Blockchains",

"page": 6

},

{

"title": "Market Interest",

"page": 23

},

{

"title": "Why the bear market?",

"page": 29

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"title": "Investment",

"page": 37

},

{

"title": "Private Blockchains",

"page": 49

},

{

"title": "Regulations",

"page": 51

},

{

"title": "Sentiment Survey",

"page": 55

}

]

};

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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.