State of Blockchain Q1 2018

AccessTimeIconMay 14, 2018 at 4:13 a.m. UTC
Updated Oct 12, 2021 at 1:31 p.m. UTC

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"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,

"tableOfContents": [

{

"title": "Introduction",

"page": 3

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{

"title": "Public Blockchains",

"page": 6

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{

"title": "Market Interest",

"page": 23

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{

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

"page": 29

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"title": "Investment",

"page": 37

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"title": "Private Blockchains",

"page": 49

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"title": "Regulations",

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"title": "Sentiment Survey",

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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. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one.