Interesting Blockchain Statistics & Facts in 2019

Blockchain has taken all of us by a storm. In 10 years, it has grown rapidly.

 

Considering its age, it is also one of the newest technologies out there, much more modern than IoT, Machine Learning or Big Data.

 

It has impacted almost every sector out there, including supply chain, finance, health, and so on.

 

By going through the article, you will be able to appreciate blockchain more than ever. It will help you understand the vastness of blockchain that is created in the past few years. We will cover everything related to blockchain. However, due to its vastness, we will skip a few of the less essential stats about blockchain out. You do not have to worry as we will cover the best blockchain statistics out there.

Amazing Blockchain Statistics

Before we dive deep, let’s try to understand blockchain in the simplest way possible.

 

Blockchain is a peer-to-peer distributed ledger technology. It provides key features such as integrity, transparency, and immutability. 

 

To reach a consensus, a blockchain network uses consensus methods where the peers provide their input on the validity of the transactions.

 

This means that there is no centralization required to make the network work. However, with time, we have many different types of blockchain solutions that divert from the pure decentralization idea.

 

 

Blockchain Investments

Investments in blockchain have grown tremendously in the past few years. Blockchain is promising, and investors want to take advantage of its growth. Below are the statistics to help you understand the scenario around investments on the blockchain.

  • 540 million U.S. dollars global investment in done into bitcoin/blockchain startups in the first quarter of 2018.
  • Total funding raised Initial Coin Offering(ICOs) is 2.6 billion U.S dollars in Feb. 2018
  • EOS is the largest ever ICO that raised 4.2 billion U.S. dollars.
  • Coinbase is the largest VC funded blockchain company between 2014 and 2017. It raised a total of 251 million U.S. dollars.
  • In China, Bitmain raised 450 million U.S. dollars.

Bitcoin Statistics

Bitcoin is the number one cryptocurrency out there. We discuss bitcoin or other cryptocurrencies as they are a vital part of the blockchain ecosystem. Cryptocurrency is one of the most successful use-cases of blockchain.

 

General Statistics

Block Size Stats

  • Bitcoin blockchain size grew at a steady pace from 2019.
  • Currently, it has a size of 226.6 GB(June 2019)
  • At the start, it had only 1 MB of size.
  • After four years, it grew to 27 GB of the block size.
  • It will continue to grow rapidly in the near future.
  • Average block size is 1.06 MB

Market Capitalization

  • It reached its highest market capitalization in the 2nd quarter, 2018 at 237.62 billion US dollar.
  • The 2nd highest market capitalization is 2nd quarter, 2019 with 205.4 billion US dollar.
  • It started with just 1.02 billion US dollar market capitalization in the 1st quarter of 2013 to 237.62 billion US dollars in the 2nd quarter of 2017.

Bitcoin Price and transaction

Cryptocurrency Statistics

Even though bitcoin is the king, the cryptocurrency market is huge. Below are some of the amazing cryptocurrency statistics that you should know!

 

Blockchain adoption and Barriers

In the last section of the article, we are going to discuss the blockchain adoption and barriers. This will help you understand the challenges that go through while blockchain adoption.

  • 73% of the automotive industry respondents agree that blockchain will bring disruption in the industry.
  • The blockchain impact in Europe 2018 is expected to grow. Almost half of the respondents agree that blockchain can add value to the current operating model.
  • Even the top business decision-makers agree that blockchain can bring them a competitive edge. Almost 70% of the respondents agree to that.
  • The high interested in blockchain doesn’t mean that CIOs are keen to implement blockchain right away. Around 77% of CIOs don’t plan or show any interest in deploying blockchain.
  • More than half of the businesses are using private blockchain model.