State of Blockchain 2017
Summarizes key trends, data and events from the fourth quarter of 2016 and the year as a whole.
Updated Nov 12, 2024, 7:08 p.m. Published Mar 6, 2017, 1:39 a.m.
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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