2018区块链现状研究报告（英文版）.pptx
<p>报告吧,baogaoba 收集,STATE OFBLOCKCHAIN2018baogaoba 独家收集 不断更新,报告吧,baogaoba 独家收集 不断更新,State of Blockchain Q4 2017,| 2,baogaoba 收集Register for Consensus 2018!- We are the leading events firm in blockchain- Our annual Consensus events have attractedthousands of entrepreneurs, investors, executives,regulators, journalists and more to San Franciscoand New York City- Join us in May for our next event, Consensus!,baogaoba 独家收集 不断更新,State of Blockchain Q4 2017,| 3,3. ENTERPRISEBLOCKCHAINS,baogaoba 收集Q4 2017 State of Blockchain:Table of Contents4. INVESTMENT5. GOVERNMENT& REGULATION6. SENTIMENTSURVEY,7. COINDESK,A. ResearchFramework,C. BITCOIN CASHD. LITECOIN,报告吧1. EXECUTIVESUMMARY2. PUBLICBLOCKCHAINSA. BITCOIN E. XRPB. ETHEREUM F. ZCASH,G. MONERO,1EXECUTIVE SUMMARY,State of Blockchain Q4 2017,| 4,Q4 2017 Overall Summary,State of Blockchain Q4 2017,| 5,Bitcoin & cryptocurrencies make historic moves:-After uncertainty around fork ends, bitcoins pricebreaks free and topples multiple milestones.Meanwhile, BTC dominance shrinks to all time lows.Demand for bitcoin tests market infrastructure:- Bitcoin fees increase dramatically. While Coinbasehits #1 app on iTunes, it and all exchanges struggleto cope with demand.Key metrics up across public blockchains:- Hashrate, >1MB Bitcoin blocks, ethereumblockchain transaction records, all time valuationsData Source: CoinDesk,ICOs and VC hit new highs:- $3.23bn for ICOs and $200mn for VC. However,forks were the largest token generating event of theyear with $44bn created.Futures launch successfully:- CME & Cboe launch with high interest but lowvolume. Large traders shorted and small traderslonged.Sentiment Survey:- 81% did not go into debt to buy crypto. Of thosethat did, 52% already paid it back. 94% check pricesat least every day.,State of Blockchain Q4 2017,| 6,Q4 2017 Trends:Public Blockchains- Total cryptocurrency market cap breaks $600bn, nearly as much asthe GDP ofArgentina.- Fees moderately increase in general, but soar for BTC.- Bitcoin dominance falls below 40% after a rebound above 50% earlyin the quarter.almost $20k and ETH at almost $1k.- CryptoKittiespopularity slowed down the ethereum network butshowed promise for future developments.- Bitcoin Cash solidifies within the top 10 market cap with a hashratethat surpassed BTCs for one day in November.Data Sources: CoinDesk, ImageNotes: Expanded upon in Section 2: Public Blockchains,State of Blockchain Q4 2017,| 7,Q4 2017 Trends:Enterprise Blockchains- R3 adds members, launches, Corda version 2.0. Corda becomes thefirst DLT to be accessible onAmazon Web Services (AWS).- Enterprise EthereumAlliance adds members & 3 new working groups.- We.Trade, founded by 9 banks, aims to ease European domestic andcross-border trade with DLT made by IBM.- Hyperledger lost CME Group, Deutsche Borse Group, R3, and about15 other members.Data Sources: CoinDesk, ImageNotes: Expanded upon in Section 3: Enterprise Blockchains,State of Blockchain Q4 2017,| 8,Q4 2017 Trends:Trading & Investment- Total raised by ICOs hits $3.23bn in Q4, with VC amounting to$200mn. Q3 to Q4 growth less spectacular when shown in ETH(+56%) vs. USD (+146%).- Forks have raised 8x more than ICOs. Token generating events(TGE) are split between $44bn in forks vs. $5bn in ICOscumulatively.- Bitcoin futures see high interest but low volume, with smalltraders going long and large traders going short.Data Sources: CoinDesk, ImageNotes: Expanded upon in Section 4: Investment,State of Blockchain Q4 2017,| 9,Q4 2017 Trends:Regulation & Government- The CFTC approved CME & Cboes launch of bitcoin futures contracts.- South Korea sees higher levels of regulation on trading.- Bitfinex & Tether become targets of US regulators after suspiciousactivity results in subpoena.- Russia moves to define regulatory environment with submission of newbill.Data Source: CoinDeskNotes: Expanded upon in Section 5: Regulation & Government,State of Blockchain Q4 2017,| 10,2PUBLIC BLOCKCHAINS,Q4 2017 Public Blockchain Summary,Data Source: CoinDesk,State of Blockchain Q4 2017,| 11,Bitcoin dominance falls below 40%:- Bitcoin ceded its +50% Q2 to Q3 comeback.Ripple grew 300x YTD:-All major cryptocurrencies are up approximately1,000%.Transactions hit new highs:- Transactions on major blockchains increased,ethereum broke all-time transaction records.,Aggregate market cap breaks $600bn:- Public blockchain assets rallied 3x,over $75bn in value over the quarter.Some fees rise, but BTCs fees soar:- Fees generally increased but BTC saw record-breaking fees and congestion in Q4.Sector sees all-time high interest:- Google searches for blockchain terms see newhighs, especially in December.,4.2%,11.9%,18.5%,23.0%,1278.4%,707.3%,0%,1400%1200%1000%800%600%400%200%,Global Real Estate,Gold,U.S. Equities,Global Equities,Bitcoin,All Digital Assets,DigitalAssets Outperformed TraditionalAssetsNearly 13x Return YTD2017 YTD Returns,State of Blockchain Q4 2017,| 12,Data Source: Yahoo! Finance, Coincap, Coin.DanceNotes: Daily data, RWO, GLD, SPY, CWI, & BTC prices, all cryptocurrency market cap, data through 12/31/2017,Aggregate Market Cap ($, billions),$100$0,$400$300$200,$700$600$500,Nov-17,Dec-17,Total Cryptocurrency Market Cap,Total Cryptocurrency Market Cap Increased Over 50%ReachedAll-Time HighAbove $600bn in Q4,State of Blockchain Q4 2017,| 13,Oct-17Data Source: Coin.Dance, CoinMarketCap,Oct. 1:$149.1bn,Dec. 31:$597.9bn,301%$448.8bn,For some context, the market cap of:Western Union $10 billionEther $70 billionBitcoin $25 0 billion,All Cryptocurrencies $600 billion,Visa $250 billionGold $8 trillion,The Fall of Bitcoin Maximalism?BTC Dominance Fell below 40%,State of Blockchain Q4 2017,| 14,Data Source: CoinMarketCap,Feb 17,Mar 17,Apr 17,May 17,Jun 17,Jul 17,Aug 17,Sep 17,Oct 17,Nov 17,Dec 17,Percentage of Total Cryptocurrency Market Cap,Bitcoin: 38.70%Ethereum: 11.92%Bitcoin Cash: 6.97%Litecoin: 2.06%Ripple: 14.52%Dash: 1.33%NEM: 1.52%Monero: 0.88%IOTA: 1.61%NEO: 0.80%,100%90%80%70%,Others: 19.68%60%50%40%30%20%10%,0%Jan 17,Cumulative Return (%, since January 1, 2017),20000%15000%10000%5000%0%,35000%30000%25000%,40000%,January,February,March,April,May,June,July,August,September,October,November,December,2017,BTC,ETH,XRP,DASH,XMR,Ripple Rallied 35000% Year to DateExceeded 6%Average Daily Volatility2017 Price MovementCumulative Return (%),State of Blockchain Q4 2017,| 15,Data Source: Coincap, Coinmetrics, CoinMarketCapNotes: Average day over day price movement (absolute value),Average Daily Price Movement,AssetBitcoinEthereumRippleDashMonero,Symbol Q1 2017 Q2 2017 Q3 2017BTC 2.6% 3.1% 3.9%ETH 4.7% 5.5% 5.0%XRP 2.9% 11.3% 4.9%DASH 6.0% 5.2% 5.3%XMR 4.7% 5.2% 6.0%,Q4 20174.8%3.6%6.7%5.3%5.5%,YTD 20173.6%4.7%6.4%5.5%5.4%,Average Daily Transactions (#),0,400,000200,000,600,000,800,000,1,000,000,1,200,000,Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4,BTC,ETH,BCH,LTC,DASH,XMR,ETC,ZEC,Transactions on Major Blockchains Increased, Especially ETHDaily Cryptocurrency Transactions,State of Blockchain Q4 2017,| 16,Average Daily Cryptocurrency Transactions,BCH,ZEC,QuarterQ1 '16Q2 '16Q3 '16,BTC201,633220,659218,831,ETH20,24240,89545,109,LTC4,4535,5193,432,DASH1,5821,1841,549,XMR5804341,038,ETC20,24240,89521,324,Total248,733309,586291,283,Q4 '16Q1 '17Q2 '17,260,987286,052290,845,42,90858,291154,176,3,4553,34511,707,1,2383,1184,893,1,6002,7202,796,14,65819,89027,524,3,1862,5614,033,328,032375,975495,974,Q3 '17Q4 '17,242,180 315,631319,085 589,171,12,39123,209,21,80851,328,5,9108,915,3,835 34,614 5,3995,358 42,597 7,129,641,7681,046,791,'09 '09 '09 '09 '10 '10 '10 '10 '11 '11 '11 '11 '12 '12 '12 '12 '13 '13 '13 '13 '14 '14 '14 '14 '15 '15 '15 '15 '16 '16 '16 '16 '17 '17 '17 '17Data Source: Bitinfocharts, Coinmetrics,Average Transaction Fees ($),$6.00$4.00$2.00$0.00,$8.00,$10.00,$12.00,$14.00,Q1 '16,Q2 '16,Q3 '16,Q4 '16,Q1 '17,Q2 '17,Q3 '17,Q4 '17,BTC,ETH,BCH,LTC,DASH,XMR,ETC,ZEC,Average Transaction Fees Rose forAll Major CryptocurrenciesBTC Fees More Than 4x Since Q3Cryptocurrency Transaction Fees,State of Blockchain Q4 2017,| 17,Data Source: Bitinfocharts, Coinmetrics,Average Cryptocurrency Transaction Fees,BCH,ETC,ZEC,QuarterQ1 '16,BTC$0.08,ETH$0.01,LTC$0.05,DASH$0.04,XMR$0.07,Q2 '16,$0.13,$0.01,$0.02,$0.08,$0.11,Q3 '16Q4 '16Q1 '17,$0.18$0.24$0.62,$0.01$0.01$0.01,$0.02$0.02$0.03,$0.09$0.13$0.12,$0.33$0.13$0.38,$0.00$0.00$0.00,$0.00$0.00,Q2 '17Q3 '17Q4 '17,$2.40$3.20$13.20,$0.22$0.33$0.38,$0.17$0.19,$0.11$0.15$0.25,$0.10$0.16$0.36,$1.09$1.84$4.23,$0.01$0.01$0.01,$0.00$0.00$0.18,Traffic Relative to Maximum in Period (%),State of Blockchain Q4 2017,| 18,Data Source: Google Trends,40%30%20%10%0%,50%,100%90%80%70%60%,Dec-12,Jun-13,Dec-13,Jun-14,Dec-14,Jun-15,Dec-15,Jun-16,Dec-16,Jun-17,Dec-17,Many Blockchain Terms Hit anAll-Time Google Search HighEthereum Searches Fell from a Peak in Q2 2017Global Google Search Trends,Bitcoin,Ethereum,Blockchain,Cryptocurrency,Ripple,ICO,Coinbase,Oct-17,Nov-17,Dec-17,Q4 - Global Google SearchTrends,Aggregate Market Cap ($, billions),State of Blockchain Q4 2017,| 19,Data Source:,Oct-17,Nov-17,Dec-17,More Money, More MinersIncreased Market Cap à Increased HashrateAcross CoinsTotal Cryptocurrency Market Cap$700$600$500$400$300$200$100$0,State of Blockchain Q4 2017,| 20,2ABITCOIN,Q4 2017 Bitcoin Summary,State of Blockchain Q4 2017,| 21,Data Source: CoinDesk,Bitcoin almost breaks $20,000:- This quarter saw multiple all time highs thatranged from $5k to $19k.Fork postponed:- The 2 MB block size increase was called off dueto lack of support.Transactions rebound:- The number of transactions rebounded about30% from Q3 dip.,Transaction fees soared:-Average transaction fees rose about 300% fromQ3.Global trading volume continued growth:- JPY, USD solidify large shares.Hashrate up 60% to new all time high:- Network security continued to grow but BCHhad more at one day in November.,4/28/13,7/28/13,1/28/14,4/28/14,7/28/14,1/28/15,4/28/15,7/28/15,1/28/16,4/28/16,7/28/16,1/28/17,4/28/17,10/28/13,10/28/14,10/28/15,10/28/16,7/28/17,10/28/17,Bitcoin EndedAmbitious Quarter Up 214%Set a NewAll-Time HighAbove $300bn,State of Blockchain Q4 2017,| 22,Data Source: Coincap, Coinmetrics,$200bn$150bn$100bn$50bn-,$350bn$300bn$250bn,Oct,2017,Bitcoin,Q4 2017 Market Cap,Oct. 1:$71.6bn,Dec. 31:$224.9bn,214%$153.3bnNov Dec,$200bn$150bn$100bn$50bn-,$350bn$300bn$250bn,Bitcoin,Historical Market Cap,$15,000$10,000$5,000$-,$25,000$20,000,Oct,Nov,Dec,State of Blockchain Q4 2017,| 23,Data Sources: CoinDesk, bitcoin price page,Nov. 28:Bitcoinhits ATHof $10k,Oct. 24:Bitcoin Goldhard fork,Nov. 8:,SegWit2xpostponedOct. 31:CME & CBOEannounce futures,2017,Oct. 12:Bitcoin hitsATH of $5kOct. 12:Jamie Dimoninsults Bitcoin,Nov. 15:Square Cash testingbuying and sellingof bitcoinsNov. 12:bitcoinshashrate fallsbelow bitcoincashs for 1 day,Dec. 18:CME futuresopenDec. 10:CBOE futuresopen & crashwebsite,Bitcoin Price & Key Market EventsDec. 17:,Bitcoin nearlyhits ATH of$20k,Dec. 28:South Korea crackdownon cryptocurrency trading,Dec. 20:Youbit exchangehacked,Dec. 22:Coinbase temporarilyhalts trading,Nov. 28:,Aggregate Trading Volume ($, billions),Data Source: CryptoCompare,State of Blockchain Q4 2017,| 24,$16bn$14bn$12bn$10bn$8bn$6bn$4bn$2bn,-January,April,July,October,January,April,July,October,2016,2017,Global Trading Volumes Take OffUSD & JPY Solidify Large SharesGlobal Daily Bitcoin Exchange Trading Volume,USD,JPY,CNY,EUR,KRW,PLN,HKD,USDT,% ofAggregate Trading Volume,October,November,December,2017,USD,JPY,CNY,EUR,KRW,PLN,HKD,USDT,Q4 2017 - Global Daily Bitcoin Exchange Trading VolumeGlobal Daily Bitcoin Exchange Trading Volume,Data Source: CryptoCompare,State of Blockchain Q4 2017,| 25,USDT,100%80%60%40%USD20%0%,JPY,USD,KRW,% of Aggregate Trading Volume,% of Aggregate Trading Volume,0%,60%40%20%,100%80%,Global Daily Bitcoin Exchange Trading Volume,USD,JPY,CNY,EUR,KRW,PLN,HKD,USDT,60%40%20%,100%80%,0% February,March,April,May,June,July,August,September,October,November December,Global Daily Bitcoin Exchange Trading Volume,USD,JPY,CNY,EUR,KRW,PLN,HKD,USDT,Global Trading Volume Dominated by USD and JPY,2017Data Source: CryptoCompare,State of Blockchain Q4 2017,| 26,CNY,USD,JPY,USD,CNY,JPY,KRW,Aggregate Trading Volume ($, billions),State of Blockchain Q4 2017,| 27,$16bn$14bn$12bn$10bn$8bn$6bn$4bn$2bn-2017Data Source: CryptoCompare,Exchange Trading Volume IncreasedBitfinex, With Margin Trading, is the Largest USD ExchangeGlobal Daily Bitcoin Exchange Trading Volume,USD,JPY,CNY,EUR,KRW,PLN,HKD,USDT,0%,300%200%100%,800%700%600%500%400%,1000%900%,$-,$4,000$2,000,$12,000$10,000$8,000$6,000,$16,000$14,000,Q410,Q111,Q211,Q311,Q411,Q112,Q212,Q312,Q412,Q113,Q213,Q313,Q413,Q114,Q214,Q314,Q414,Q115,Q215,Q315,Q415,Q116,Q216,Q316,Q416,Q117,Q217,Q317,</p>
