The crazy numbers of BTC – Amanda Ryder
Eight graphics to know everything about the most famous cryptocurrency.
He made his appearance in one of the newspapers. Causes heated discussions between teens in the courses of recreation. And he has often been invited to the wards, when an aunt has asked the question of the evening: “But how does this crypto-motto work?” It’s worth buying some? В “. Bitcoin burst dramatically in the news, as its price soared. The price of this virtual currency, or cryptocurrency, has been multiplied by 14 in 2017. With very erratic variations since it has sold the $ 20,000 in December last.
In barely 10 years of existence, bitcoin has experienced many fears: splitting within its members, cyber-attacks of platforms, bans created by some countries frantic by this special fever. He suffered several crashes and was reported dying hundreds of times. It arouses deliberate debates. Is it a gigantic bubble about to explode? Or a new digital gold? A sulphurous instrument that can fund organized crime and launder dirty money? Or does it start a revolution for the monetary and financial world?
The flight of the course of bitcoin.
Evolution of bitcoin price in 2016 and 2017, in thousands of dollars.
For its promoters, the currency is meant to be a means of payment secured by a technology of transactions of “peer-to-peer”. This innovation, which is called the “blockchain”, or “blockchain”, is at the heart of the bitcoin’s ideology: to dispense with any central authority, to escape No bitcoin is not just about geeks. Not dependent on any state or any central authority that can control it, it has been adopted by libertarians, who dream of making cryptocurrency a real alternative financial system.
In order for the system to persist and extend beyond these circles, so that it meets a form of collective adhesion, the path will be forced very long and sown obstacles. Entrepreneurs are now seizing virtual currencies to raise funds. Engineers find concrete applications at the blockchain. But the network still needs to get rid of all its polluters: speculators, scammers, drug traffickers, web hackers or other organized crime specialists who have been engulfed in the breach.
The volume of searches on Google.
– Evolution of the volume of searches of the terms В «bitcoin В» and В «blockchain В» –
In%, where 100% is equal to the maximum of researches found.
How many people have actually invested in bitcoin? Difficult to say given the anonymity of the transactions. We know, however, that a large part of the exchange is in dollars (40%) and yen (33%), much less in euros (5%). In Asia, particularly in Japan and South Korea, hundreds of thousands of individuals have started to buy bitcoin. The fascination of the population for this speculation is not without worrying the authorities. In the United States, the New Currency Exchange, Coinbase, already has 13 million investors, that is to say 4% of the American population.
The popularity of the public for bitcoin has accelerated throughout the year 2017, at the same time as its share price. It attracts a very largely male population (to 97%), if one analyzes the searches on Google, as it did the site corner.dance. Very masculine and very young. Four in five are under 44, 46% are between 25 and 34 years old. Still according to coin.dance, they come mainly from the world of finance and high tech (banks, financial services, software, televisions, data).
Professional investors are now more measured. They still have difficulty in appreciating this asset: currency or raw material? They are divided on the fact that it can serve as a safe haven like gold, and many are frightened by its very strong variations. Some players such as hedge funds, however, give it a great deal of joy. About a hundred specialized funds specializing in new cryptographic currencies have embarked on taking advantage of the exuberant volatility of these currencies.
Google searches by age and sex.
In the shadow of bitcoin, many other cryptocurrencies have emerged. At the moment there are 1,400 other virtual currencies, and dozens are created each week, at a rate that frees the regulators like the actors of the finance. Bitcoin remains the most mobile virtual currency, and the one that weighs the heaviest, with over 200 billion euros of capitalization, but it is not the one that has experienced the strongest growth, far from it. With a leap of 1.318% in 2017, the best known cryptocurrency is not even in the top 10 best performances of the year.
Top 20 market capitalizations of cryptographic currencies.
– Evolution between the beginning of the year 2017 and the 5th of January 2018 –
Billions of dollars.
The gold medal returns to the XRP, Ripple’s currency, which shows a 36.000% increase last year and which jumped at the beginning of the year the cap of 100 billion euros of capitalization. As a result, the market share of bitcoin, which exceeded 90% five years ago, is shrinking significantly.
Another name in sight: the ether. Behind this unit of account, the “B ethereum”, a trading protocol imagined in 2013 then launched in 2015 by a young programmer of 19 years, Vitalik Buterin. Forty virtual currencies have now crossed the threshold of one billion euros of capitalization, whereas they were only seven six months ago. Some, like Cardano, even have 15 billion euros three months after their creation.
Market shares of large cryptographic currencies.
In%, as of January 3, 2018.
Bitcoin is a currency and technological revolution. But is it also an ecological aberration? To validate the transactions and to register them in the blockchain, the network turns computers (В “†‰ minors†‰ В”) which must solve a mathematical problem. The more computers on the network, the more secure it is but the more it consumes electricity.
According to the digiconomist site, described by the actors of the sector, the total consumption of the network would be slightly inferior to that of Denmark! There is in fact little certainty on the subject. If it’s not the one that bitcoin requires a lot of energy. And that the В “mining farms В” (those sheds that house the servers) have sprouted everywhere on the planet. Notably in Asia: 58% of minors are in China, according to a study of Cambridge University on cryptocurrencies, in front of the United States (16†‰%). The country alone provides 80% of the computing power needed for the proper functioning of bitcoin.
A very energy-consuming motto.
Mining BTCs is a lucrative business. In return for their services, minors receive newly created BTCs as well as transaction fees that they confirm. Currently this reward is 12.5 BTCs per block. It is divided in half every four years or so. With rising bitcoin prices and trade volumes, miners’ incomes exploded. But more and more people want to share the cake. And the authorities do not always see them with a good eye. In this way, Beijing wants to “unplug” this new industry by forbidding certain hydroelectric plants to supply all energy to the farms of “mining”.
Mining revenue and total volume of transactions.
– Evolution of revenues since 2009-
In dollars and BTCs.
Raise $ 257 million in just over an hour. This is the record performance the Filecoin start-up has achieved less than six months ago. His secret†‰? The young American push, which works on a storage technology thanks to the blockchain, resorted to an ICO (В «вЂ ‰ initial corners offering†»), a fundraising in cryptocurrency.
This new mode of financing has literally exploded with start-ups in 2017. So much so that the famous Telegram messaging has just announced its intention to do the same in 2018. An ICO makes it possible to raise funds by setting up digital assets, called В «вЂ ‰ tokens†». These virtual assets are tokens, hybrid equivalents of an action, that give investors access to the use of technology and the new cryptocurrency of the start-up. A total of 235 companies used ICOs in 2017, raising total fundraising to $ 3.7 billion ($ 3 billion) from $ 96 million in 2016 , according to the data collected by Coinschedule.
The explosion of В «ICO В»
– Issuance of ICO chips per month, in 2017 –
Cryptocurrency fundraising, in millions of dollars.
Bruno Battail & Jules Grandin.
Research and data.
Jean-Marie Colomb & Dylan McClain.
Raphael Bloch, Etienne Goetz and Guillaume Maujean.
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Published at Sat, 14 Sep 2019 10:13:42 +0000
Bitcoin Pic Of The Moment
✅ This image from Marco Verch (trendingtopics) is available under Creative Commons 2.0. Please link to the original photo and the license. 📝 License for use outside of the Creative Commons is available by request.
By trendingtopics on 2019-03-19 02:09:12
