State of Blockchains: Community Perspectives

Published on by Coindesk | Published on

Ethereum's Constantinople upgrade in January offers developer updates as a roadway to Serenity, we've seen MakerDAO grow and is now locking up 2%+ of all ethereum as decentralized finance grows and Bitcoin's Lightning network has seen impressive growth.

Facing a certain SEC rejection, the CBOE withdrew the Van Eck bitcoin ETF application.

The bitcoin community is excited with GRIN, LN continues to expand, the Veil app revitalized Augur, Maker's Dai keeps growing, TRON is jumping on the back of its BitTorrent token, and the bitcoin market is back into accumulation mode.

Q4 saw the price of bitcoin and other digital assets take new investors full circle from "Hilariously rich" to predictably "Rekt".

Scaling solutions for Bitcoin also bounded forward with Blockstream's Liquid sidechain and the steady clip of infrastructural build out that Lightning developers maintain.

Q4 saw sentiment found a new low as enthusiasm for public blockchains continued to abate.

The last quarter of 2018 was a turning point for Bitcoin and the wider cryptocurrency market.

The Bitcoin Cash "Hash War," which resulted in the creation of the Bitcoin Satoshi Vision network fork, left many questioning their understanding of the interconnected nature of the ecosystem.

Major Bitcoin miners battled in November, moving hash power off of the BTC network and onto BCH while selling large sums of many different coins to keep the war raging.

We started to see more philosophical questions on Bitcoin emerge.

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