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Challenges affecting cryptocurrency market 2016

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Challenges affecting cryptocurrency industry worldwide in 2016
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Challenges affecting cryptocurrency market 2016

The statistic presents the challenges affecting cryptocurrency industry worldwide in 2016. The results of the survey revealed that the centralization of hashing power in the hands of a few (control) was the major concern of the cryptocurrency industry in 2016, with a weighted average of 3.77 on a scale from 1 (not concerned at all) to 5 (extremely concerned).

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The statistic presents the challenges affecting cryptocurrency industry worldwide in 2016. The results of the survey revealed that the centralization of hashing power in the hands of a few (control) was the major concern of the cryptocurrency industry in 2016, with a weighted average of 3.77 on a scale from 1 (not concerned at all) to 5 (extremely concerned).

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Release date: May 2017

Region: Worldwide
Survey time period: September 2016 to January 2017
Number of respondents: 144 cryptocurrency organisations and individual miners
Method of interview: Questionnaire
Supplementary notes: The respondents scored the categories on a 1 - 5 scale:
1: Not concerned at all 2: Concerned 3: Moderately concerned 4: Highly concerned 5: Extremely concerned

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