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State of Blockchain: Q2 2018

Originally published on Coindesk on July 11, 2018.


Executive Summary


CoinDesk's Q2 2018 State of Blockchain summarizes key trends, data and events in Q2 2018



Highlights Include:

  • Bitcoin miner revenues fall by 22% along with average fees by 19%

  • Bitcoin hashrate grew by 26% (fall short of the previous quarter's 47% growth)

  • SEC declared ether not a security, and eth price saw a 9% jump shortly after

  • Total ICO funding reaches about $19 billion, with the average ICO $39 million

  • Majority of survey respondents think price declines were caused by shorts and rebounds from over-speculation

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