The report produced by the Institute of Fire currency block chain, reports Published August 25, 2019, Author: Yuan Yuming, Rui
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The total market capitalization of blockchain assets this week fell by 2.11% from last week, and the market value of 70 projects in the TOP100 project fell to varying degrees. According to coinmarketcap data, as of August 25, 2019, the total market value of global blockchain assets reached 267.674 billion US dollars, down 2.11% from last week. The total market value of the top 100 projects was 260.087 billion US dollars, a decrease of 2.39%. There are 3 new projects entering TOP100 this week, namely OSC, ATP, BDX. On August 25th, Bitcoin price was 10138.52 US dollars, down 2.37% from last week. Ethereum price was 186.84 US dollars, down 4.43% from last week. The turnover of 24h this week increased by 5.41% compared with the same period of last week; the total market value of the application category and the average market value of the platform category in the TOP100 project decreased the most, and the classification of the global blockchain asset TOP100 project was stable.
This week, Bitcoin and Ethereum's computing power declined . Bitcoin's mining difficulty increased this week, and Ethereum mining difficulty decreased. The average bitcoin block size and block average transaction times increased this week. The average size of the block and the average number of transactions in the block also increased; this week, the bitcoin miner fee decreased, and the Ethereum miner fee increased; INS became the most active code item.
The average value of the bitcoin net hash value is 72.14EH/s, which is 3.12% lower than last week. The average value of the Ethereine network's hash value this week was 172.674 TH/s, which was 3.28% lower than last week. The difficulty of mining bitcoin this week remained at 10.13T, up 1.46% from last week. The average mining difficulty of Ethereum this week was 2,220.41T, down 3.65 percentage points from the previous month; the data from Bitcoin's entire network was 1,050, up 4.79% from last week; Ethereum's entire network this week was 46017. Block, the chain rose by 0.95%.
The average size of the Bitcoin block and the average number of transactions in the block increased this week. The average size of the block and the average number of transactions in the block also increased. According to blockchain.info data, from August 19 to August 25, 2019, Bitcoin averaged 1.07MB per block this week, up 4.90% from the previous month, and the average number of transactions per block was 2198. , the chain rose by 1.01%. According to the calculation of etherscan, the average size of the entire network block of Ethereum this week was 21,253 bytes, which was 4.83% higher than that of last week. According to the statistics of etherchain, the average number of transactions per block this week was 111.58, up 4.39% from the previous month. As of August 25, 2019, Bitcoin had an average miner's fee of 0.755 USD on the day, down 30.54% from the previous quarter. Eitafang's miner's fee was 0.142 USD, up 60.09% from the previous month. As of August 25, the total number of blockchain wallet users reached 4,1394,751, up 0.20%, adding 84,434. The total number of Ethereum addresses was 71985959, an increase of 0.75%, and the number of new addresses was 533,486. INS is the most active github code for this week, with a total of 254 commits this week.
In terms of community activity, Facebook's Tron, Bitcoin, and Ethereum's public homepages are ranked in the top three; in Twitter, the top three fans are Bitcoin, Ripple, and Tron.
This week, a total of two investment and financing projects in the blockchain industry were counted. The largest amount of financing is Blocko, which has received B+ round investment from Shinhan Bank and KEB Hana Bank, with a financing amount of US$7.5 million.
1. One week market review
1.1 Overview of the industry
The total market capitalization of blockchain assets this week fell by 2.11% from last week, and the market value of 70 projects in the TOP100 project fell to varying degrees. According to coinmarketcap data, as of August 25, 2019, the total market value of global blockchain assets reached 267.674 billion US dollars, down 2.11% from last week. The total market value of the top 100 projects was 260.087 billion US dollars, a decrease of 2.39%. Among them, Atlas Protocol (ATP) has the largest increase in market value, the market value increased by 58.21% from last week, and the market value rose from 107th to 82nd. Egretia (EGT) had the largest decline in market value, down 49.55% from last week, and the market value ranked 41. Dropped to the 78th place. This week, three new projects entered the TOP100, namely OSC (ranked to 53), ATP (market value rose by 58.21%, ranking from 107 to 82), and BDX (ranked to 83). This week, the biggest increase in the TOP100 project pass price was OSC, which was 65.60%. The biggest price drop was EGT, a drop of 49.92%. On August 25th, Bitcoin price was 10138.52 US dollars, down 2.37% from last week. Ethereum price was 186.84 US dollars, down 4.43% from last week.
The trading volume of 24h this week increased. On August 25, 2019, as a whole, the turnover of 24h increased by 5.41% compared with the same period of last week. In this week, 60 items of the TOP100 project increased in 24h, and this week, 40 items of 24h transactions increased by more than 20%. 21 projects rose more than 50%, with the largest increase being XIN, an increase of 912.52%. This week, 38 projects in the TOP100 project fell in 24h trading volume. This week, 22 projects recorded a 24h transaction volume decline of more than 20%, and 7 projects fell more than 50%, with the largest decline being HC, a drop of 82.96%.
The market value of the TOP10 project fell, and the proportion remained stable. On August 25, the market value of the TOP10 asset project was 238.373 billion US dollars, down 2.43% from last week, accounting for 89.05% of the total market capitalization of the blockchain assets, a slight decrease of 0.33 percentage points from the previous month. The market value of the TOP10 project is basically stable. The market value of BTC this week is 67.79%, which is 0.12 percentage points higher than that of last week.
1.2 Performance of different types of projects
In the TOP100 project, the total market value of the application category and the average market value of the platform category decreased the most. On August 25, 2019, the global market value of the blockchain assets in the TOP100 project was RMB 2013.94 billion, a decrease of 2.04% from the previous month. The average market value was US$7.193 billion, down 2.04% from the previous month. The total market value of the platform projects was 305.53. Billion US dollars, down 3.21%, the average market value was 926 million US dollars, down 9.07% from the previous month; the total market value of applied projects was 23.395 billion US dollars, down 4.60% from the previous month, the average market value was 709 million US dollars, up 1.18% from the previous month; The total market value of the certification project was 4.745 billion US dollars, down 0.59% from the previous month, and the average market value was 791 million US dollars, down 0.59% from the previous month.
This week, the global blockchain asset TOP100 project classification is stable. On August 25, 2019, among the top 100 projects in the market capitalization, the number of application projects was reduced by two, the number of platform projects was increased by two, and the number of currency projects and physical assets tokenization projects remained unchanged. The market value accounted for the largest proportion of coins, accounting for 77.43%.
Note: The Firecoin Blockchain Application Research Institute divides it into four categories: “coin”, “platform”, “application” and “physical assets pass” according to the different attributes of the blockchain assets.
Coin: refers to a type of asset developed based on blockchain technology that does not correspond to a specific usage scenario and whose main function is only the transaction target. The asset value is mainly reflected by liquidity;
Platform: refers to a class of assets that are related to the underlying technology development of the blockchain and supported by the use rights or participation rights of such platforms;
Application: refers to a type of asset that is associated with a specific application scenario and is supported by certain usage rights, participation rights, or dividends;
Pass-through of physical assets: refers to a class of assets that are linked to actual assets such as gold and the US dollar and supported by the value of physical assets.
2. Technical ability analysis
2.1 Analysis of the difficulty and benefit of cryptocurrency production
This week, bitcoin computing power and Ethereum's computing power have all declined. From August 19 to August 25, 2019, the average value of the bitcoin net hash value was 72.14 EH/s, which was 3.12% lower than last week. The average value of the Ethereine network's hash value this week was 172.674 TH/s, which was 3.28% lower than last week.
The difficulty of mining bitcoin this week has increased from the previous month, and the difficulty of mining in Ethereum has decreased. As of August 25, bitcoin's mining difficulty remained at 10.13T this week, up 1.46% from last week. The average difficulty of mining in the Ethereum network this week was 2,220.41 T, a decrease of 3.65 percentage points from the previous month.
Bitcoin posted a 4.79% increase in weekly nets, AntPool, unknown, and F2Pool, Poolin, and ViaBTC rankings declined ; in the Ethereum mining pool, the number of blocks dropped by 0.95%, ranking unchanged from last week . In the past week, Bitcoin's total network outbound data was 1,050, up 4.79% from last week. The top five were BTC.com, AntPool, F2Pool, Poolin, and unknown, with blocks 224, 128, 127, 116, and 93, respectively. The ratios were 21.3%, 12.2%, 12.1%, 10.0%, and 8.9%, and the computational powers were 16.19EH/s, 9.25EH/s, 9.18EH/s, 8.38EH/s, and 6.72EH/s, respectively.
In the past week, the total data of Ethereum's entire network was 46,017, up 0.95% from the previous month. Among them, the top five mines are SparkPool, Ethermine, F2pool_2, Nanopool and MiningpoolHub, with blocks 11903, 10922, 5293, 5089 and 2073, accounting for 25.87%, 23.73%, 11.50%, 11.06% and 4.50% respectively. .
2.2 Activity statistics
The average size of the Bitcoin block and the average number of transactions in the block increased this week. The average size of the block and the average number of transactions in the block also increased . According to blockchain.info data, from August 19 to August 25, 2019, Bitcoin averaged 1.07MB per block this week, up 4.90% from the previous month, and the average number of transactions per block was 2198. , the chain rose by 1.01%.
According to the calculation of etherscan, the average size of the entire network block of Ethereum this week was 21,253 bytes, which was 4.83% higher than that of last week. According to the statistics of etherchain, the average number of transactions per block this week was 111.58, up 4.39% from the previous month.
The average number of unconfirmed transactions in Bitcoin fell 24.76% this week, and the average number of unconfirmed transactions in Ethereum increased by 36.37%. As of August 25, the average number of unconfirmed transactions in Bitcoin for 7 days was 5733, a decrease of 24.76% from the previous quarter. The average number of 7-day unconfirmed transactions in Ethereum was 47636.96, an increase of 36.37% from the previous month, with the lowest value being 28,878 and the highest value reaching 73,109.
This week, bitcoin miners’ fees have fallen, and Ethereum’s miners’ fees have risen. As of August 25, 2019, Bitcoin had an average miner's fee of 0.755 USD on the day, down 30.54% from the previous quarter. Eitafang's miner's fee was 0.142 USD, up 60.09% from the previous month.
The average number of active miners in Ethereum declined this week. From August 19 to August 25, 2019, the average number of active miners in Ethereum was 54.86, a decrease of 5.88% from the previous week's average (58.29).
The number of Bitcoin and Ethereum verification nodes increased on a sequential basis. As of August 25, 2019, the number of Bitcoin verification nodes reached 9670, up 2.23% from the previous month, including 2369 nodes in the United States, accounting for 24.50%; Germany has 1912 nodes, accounting for 19.77%; China ranked fifth, with 379 nodes, accounting for 3.92%.
On August 25th, Ethereum's global verification nodes reached 8,735, up 5.60% from the previous month, including 3,822 nodes in the US, accounting for 43.76%, China with 1,338 nodes, accounting for 15.32%, and Canada with 659 nodes. 7.54%.
The total number of Bitcoin users and Ethereum addresses increased this week. According to the blockchain.info data, as of August 25, the total number of blockchain wallet users reached 4,1394,751, up 0.20%, adding 84,434.
According to the calculation of etherchain data, as of August 25, the total number of Ethereum addresses was 71985959, up 0.75%, and the number of new addresses was 533486.
INS is the most active github code for this week. From August 19 to August 25, 2019, INS was the most active in the github code, with a total of 254 commits this week.
2.3 Community activity statistics
As of August 25, 2019, Facebook's Tron, Bitcoin, and Ethereum 's public homepages ranked the top three, with 985,000 , 486,000, and 155,000 fans. In Twitter, the top three fans are Bitcoin, Ripple (XRP) and TRON , with a total of 975,000, 938,000 and 456,000 fans.
3. Blockchain Weekly News
3.1 Industry Applications
1. Blockchain Wallet will support cryptocurrency payment processor BitPay
The Blockchain team announced on August 23 that its encrypted wallet Blockchain Wallet integrates with the BitPay cryptocurrency payment processing system and now allows users to copy or scan invoices and make BTC payments through their wallet application. According to reports, the new feature allows users to purchase products and services through the online network of BTC payments, while retaining ownership of their private keys through Blockchain Wallet. BitPay is one of the largest cryptographic payment processors available today, serving many online stores, and since 2011, the company has processed $3 billion in payments.
2. Telecom company Telx announces the world's first cryptocurrency SIM card
The cryptocurrency & telecommunications company Telx Technologies announced the launch of the world's first cryptocurrency SIM card wallet for SMS transactions. According to the company's August 22 news release, the card allows users to send encrypted currency via SMS and provide a dedicated encrypted phone number. It is worth noting that these transactions do not require a smartphone or an internet connection. On the other hand, the system also has no control over the user's encrypted wallet. However, in the “Key Proof” activity in January of this year, the decentralized wallet found obvious shortcomings. That is to say, the SIM card wallet will be used as a third party to manage the private key, thereby improving the user experience. The encrypted SIM card will be available in more than 180 countries, allowing unlimited SMS and support for BTC, LTC, Dash, ZEC and BCH. Recently, the company promised to do its utmost to prevent the security risks posed by SIM card exchange and phone number porting, accept only transactions from the correct SIM card, protect the wallet with a dedicated password, and provide a spare key when stolen or lost.
3. Africa's largest bank joins the blockchain-based Marco Polo network
As the bank with the highest total assets in Africa, Standard Bank has joined the blockchain-based trade finance network, the Marco Polo Network. According to a press release on August 22, Standard Bank will now develop trade finance solutions with global financial institutions such as BNP Paribas and Dutch Ing. The press release pointed out that with the support of the Industrial and Commercial Bank of China, the world's largest bank, Standard Bank became the first African bank to join the network. To date, Marco Polo Network has more than 20 global financial companies, such as Danske Bank, Alfa Bank, and RBI. The Marco Polo Network is an enterprise software company focused on blockchain, which provides a variety of currency trading platforms (including stocks, derivatives and other transactions) for broker-dealer services. On August 15th, Commerzbank and Landesbank Baden-W_rttemberg performed a milestone transaction on the Marco Polo platform, enabling direct and immediate integration of logistics provider logwin AG with the digital process chain.
4 . Xendpay joins Ripple network to expand global money transfer service
Ripple announced on August 20 that Xendpay has joined Ripple's global network Ripple network to support international transactions. Xendpay will leverage Ripple's existing network of banks and other financial partners to increase capital transfer efficiency through dollar and other transfer services, and other forms of currency (especially Ripple's XRP). As stated in the announcement, Xendpay previously faced many difficulties in transferring money outside the US dollar in foreign markets. The Ripple network provides a more convenient form of currency to establish direct relationships with local banks and programming interfaces for complex applications. Bhavin Vaghela, director of product innovation at Xendpay, commented: “In the past, we had to create a complete business case for each partner. Now RippleNet reduces this complexity.” Vaghela also pointed out that Ripple is making money remittances faster. Much more, he said: "When we make Thai baht remittances, it takes three to four days to process the payment. And more than 90% of the money we paid to Thailand through the Ripple network recently was delivered within 10 minutes. ""
5.Pundi X extends encryption payments to Venezuelan department store chains
On August 20th, the pioneering cryptocurrency company Pundi X announced in an official blog post that it has partnered with the Venezuelan chain Traki to provide Traki with a blockchain-based point-of-sale device XPOS. The device, called XPOS, will allow Traki's customers to pay using BTC and ETH and other cryptocurrencies such as the platform of Pundi X. Traki has 49 stores and is one of the largest department store chains in Venezuela. Zac Cheah, co-founder and CEO of PundiX, said: "Traki is one of Venezuela's early use of cryptocurrencies and we are committed to improving the traditional financial system," said Michael Gomez, head of Traki's crypto assets division. "We want to offer our customers The most convenient option, and cryptocurrency has proven to be an effective payment solution. Working with Pundi X makes cryptocurrency as convenient as legal tender in our stores."
3.2 International Policy
1. American man pleads guilty to implement a $25 million bitcoin money laundering program
A Los Angeles man admitted to implementing a $25 million Bitcoin (BTC) money laundering program and selling methamphetamine. News agency US News reported on August 23 that the 25-year-old man named Kalra has pleaded guilty, including charges for money laundering and the sale of methamphetamine, and he will face life imprisonment. Authorities say that from 2015 to 2017, Kalra operated a Bitcoin ATM to exchange BTC and US dollars and admitted to trading with drug dealers and other criminals. Kalra also sold two pounds of ice to an undercover law enforcement officer. In July, US Treasury Secretary Steven Mnuchin said the authorities would work to prevent Bitcoin from becoming a "bank account equivalent to Swiss numerals." According to Mnuchin, the government is going to crack down on "the bad guys in the dollar to protect the US financial system."
2. United States: House Financial Services Committee will continue Libra review
Maxine Waters, chairman of the US House Financial Services Committee, said that the committee will continue to review Facebook's cryptocurrency and corresponding digital wallet interface. As previously reported by CoinTelegraph, Waters asked Facebook to stop working in Libra in mid-June. Waters expressed concern about Facebook's behavior at the Libra Congress hearing in July. She said that the technology giant "is now showing a model that does not adequately address the confidentiality of consumer data," and that the social media giant "allows countries such as Russia to issue targeted advertising," allegedly. This has affected the election of the US president in 2016. Mnuchin, the finance minister of Waters, one of the federal officials mentioned in his 2019 fall plan, recently expressed strong anti-bitcoin (BTC) and anti-cryptocurrency sentiment. Mnuchin claims that "the cryptocurrency has been dominated by illegal activities and speculation." He also said that cryptocurrencies provide billions of dollars for various crimes.
3. India: The Supreme Court gave the central bank two weeks to prove the plausibility of the ban on cryptocurrency business
The Supreme Court of India slammed the central bank’s ban on cryptocurrency operations and ordered the central bank to handle complaints. At the latest round of hearings on the behavior of the Reserve Bank of India (RBI) on August 21, the court ruled that RBI officials did not respond appropriately to the risks of the cryptocurrency industry. The Bank of India banned banks from serving cryptographic operators such as exchanges in July 2018, which greatly hampered the operation of the Indian cryptocurrency platform. This action was severely criticized by Supreme Court Justice Rohinton Fali Nariman. At the end of the discussion hearing, Crypto Kanoon, a consultant attending the hearing, concluded: “The most unpredictable turn of the case occurred. Judge Nariman instructed the RBI to respond in an appropriate manner. It is proposed to postpone the case for two weeks. The Indian central bank has reconsidered the banking ban, and the RBI has agreed. According to CoinTelegraph, an expert estimates that if the cryptocurrency ban signed by India becomes law, India will lose the cryptocurrency market worth about $13 billion.
4. Ukraine: cryptocurrency miners arrested for destroying the safety of nuclear power plants
Ukrainian English news site UNIAN reported on August 21 that the Ukrainian Security Service (SBU) arrested power plant operators who conducted cryptocurrency mining at the Yuzhnoukrainsk nuclear power plant facility. According to the article, cryptocurrency miners mine through the Internet connecting their mining facilities, destroying the safety of nuclear facilities and leaking confidential information about the physical protection system of nuclear power plants. The SBU staff conducted an investigation on July 10 after obtaining a search warrant. They discovered unauthorized computer equipment and seized a set of media converters, fiber optic cables and some network cables. CoinTelegraph has previously reported that some engineers at the Russian Federal Nuclear Center were arrested in February 2018 for attempting to use BTC mining operations in one of the country's largest supercomputers. Tatiana Zalesskaya, director of the Institute’s news services, said at the time: “It is technically a criminal offence to attempt to use computer facilities for private purposes, including so-called mining, without authorization.”
4. Primary market investment and financing dynamics
This week, a total of two investment and financing projects in the blockchain industry were counted. The largest amount of financing is Blocko, which has received B+ round investment from Shinhan Bank and KEB Hana Bank, with a financing amount of US$7.5 million.
Firecoin Blockchain Application Research Institute
The Firecoin Blockchain Application Research Institute (referred to as “Fire Coin Research Institute”) was established in April 2016. Since March 2018, it has expanded its research and exploration in various fields of blockchain. The main research contents include blockchain field. Technical research, industry analysis, application innovation, model exploration, etc. We hope to build a research platform covering the complete industrial chain of blockchain, provide a solid theoretical foundation and trend judgment for the blockchain industry, and promote the development of the entire blockchain industry.
The weekly report of the Firecoin Blockchain Industry is a weekly report of the blockchain industry launched by the Fire Coin Research Institute. The report mainly includes technical review of the overall market review, performance of large-scale projects, digital asset production and code update status, as well as detailed analysis and review of blockchain industry news and progress of primary market projects. Investors grasp the overall pulse of the market in a timely and rapid manner, keep up with development trends, and understand the latest developments in the industry with diverse analytical dimensions.
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Firecoin Block Chain Research Institute
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