Download the full report in PDF form. View more of CoinDesk's Research Reports here.

Today, CoinDesk is pleased to release its first ever 'State of Bitcoin' report.

This report is not intended to be another guide answering the question 'what is bitcoin?', which we cover in detail elsewhere on our site. Instead, the main aim is to provide an overview of key cryptocurrency trends, challenges, and opportunities, while also highlighting the most important developments over the last year.

Earlier this week we published two articles on trends in bitcoin venture capital investment which drew analysis from the report, and additional articles will follow in the weeks to come. CoinDesk will also be presenting highlights from the report at the upcoming CoinSummit conference in San Francisco on 25th - 26th March.

As anyone who follows Bitcoin closely knows, this is an extremely fast-moving space – making the production of a comprehensive while still up-to-date report extremely difficult.

Case in point: the recent developments at Mt. Gox and resultant impact on bitcoin exchanges is still very much a fluid situation. Throughout the report, every effort has been made to provide the most current data available.

Thank you to our readers for making CoinDesk the world's leading source of Bitcoin news, analysis and perspective. Our intention is to publish the 'State of Bitcoin' report on an annual or even more frequent basis, and we very much welcome your feedback and ideas on how we can make it better. You can find more of our Research Reports here.

Sincerely,

The CoinDesk Team

Q1 Update - 24/04/2014