New market research study provides an analysis and evaluation of the current and prospective profitability, liquidity and financial stability of Global Cryptocurrency Industry. submitted by
Cryptocurrency is a digital currency which operates on cryptographic techniques to complete safe transaction. Being decentralized with no governing body/central body involved in verifying transaction, secured protection and producing new currencies are projected to be the major reason for the market growth over the forecast period. Moreover, cryptocurrency’s community which include miners/stakers, developers, service providers, users etc. drive the governance of cryptocurrencies. The positive feedback loop has made the community more homogenous.
Globally, cryptocurreny has been selected as digital payment method for the future financial world. These convenient currencies are completely digital requiring online transaction unlike physical cash. Hustle free transaction and deduction in entire ownership cost are few key features propelling the industry.
Major drivers include authentication, ease of transaction, complete security, faster international transaction are expected to spur the market growth with steady performance. Moreover, the industry has not been confined with government rules, exchange rates, interest rates or international transaction fee, hence, making the currency more convenient for application.
The currencies can also be transferred digitally via devices such as smartphones, since they are completely unrestricted from any centralized bank/authorities. Vendors and consumers prefer virtual money for making payments, henceforth, creating new opportunities for the market growth. Get PDF with Technological trends at https://www.xpodenceresearch.com/Request-Sample/105813
Tax-free & compliance-free transactions, lesser chances of identity theft & fraud and negligible fee charged for cryptocurreny transaction are few other key elements augmenting the industry growth over the forecast period. Moreover, lack of awareness among the people and stringent rules and regulations for application of robots in various countries is expected to restrain the market growth. The emerging industry is projected to grow over the forecast period with more public awareness and continuous increase of new market players with innovative product/services.
The market has been segmented into type of currency, mining types, and application. The type of currency segment includes Bitcoin, Litecoin, Ethereum, Ripple, and others. Mining type is segregated into solo and pool mining. The application segment includes banking, real estate, stock market and virtual currency. Other application for the market includes retail sector, gaming industry, education, logistics & transportation, BFSI, tourism sector, media and entertainment industry. BFSI is expected to acquire the major share followed by retail sector operating on cryptocurrencies. The cryptocurrency mining hardware includes Central Processing Unit (CPU) mining, Graphics Processing Unit (GPU) mining, Field-Program Gate Array (FPGA) mining, and Application-Specific Integrated Circuit (ASIC) mining. ASIC mining can calculate 10,000 times faster than conventional CPU mining.
Increasing acceptance and potential growth for this industry have attracted various small vendors globally for competing in the market. Apart from Bitcoin, Litcoin has also gained prominence in the market over last few years, there are plenty of vendors in the market namely as Litecoin, Namecoin, Novacoin, Peercoin, Ripple, Steller, Primecoin, Megacoin, and many others.
Geographically, the market is expended across North America (U.S., Mexico, and Canada), Europe (UK, France, Germany, and rest of Europe), Asia-Pacific (China, Japan, India, Australia, and rest of Asia-Pacific), and MEA (Middle East, Latin America, and Africa). North America region dominates the market owing to the regulations offered by the government. Brazil and Canada are other major regions using cryptocurreny due to rules and regulations Obtain Report Details with technological advancement at https://www.xpodenceresearch.com/Reports/Cryptocurrency-Market
Key market players include Intel Corporation, Microsoft Corporation, Xilinx, Inc., NVIDIA Corporation, 21 Inc. AlphaPoint Corporation , Amazon.com, Inc., Advanced Micro Devices, Inc, BTL Group Ltd.(Blockchain Tech), BitGo, BitFury Group , Coinbase UK, Ltd. Coinsecure, Unocoin, Coinbase, Bitstamp Ltd., Zebpay,, Poloniex Inc., Bitfury Group Limited, Global Area Holding Inc., Digital Limited, IBM Corp, are the other niche players. About Us:
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We have over 50 booked to attend this event in Brighton, organised by the Digital Catapult Centre, Brighton Ethereum Meetup and software company Brightminded...
If you are interested in helping blockchain tech cross-over to mainstream, than this could be for you...
Title: "An introduction to the Blockchain" Date: Monday 22nd February Time: 5.30-8.30pm Title: An introduction to the Blockchain Description: The Digital Catapult Centre Brighton with Brightminded and Brighton Ethereum Meetup are happy to announce a new series of Blockchain meetups.
The Blockchain has been hailed as the most important innovation since the internet; a distributed data storage technology that essentially creates an infallible public record of digital transactions.
If you have heard of Blockchains but are not sure if it is relevant to your business or if you are a developer and want to know where to start building Blockchain based applications, join us for an exciting series of events where we will cover everything from what Blockchain will mean for your business to the tools and frameworks for implementing it.
About the speakers.
After directorships in traditional Finance, Anthony Culligan became the founder and CEO of Roolo, a P2P Bitcoin exchange, and CEO of SETL, an institutional payment and settlements infrastructure based on Blockchain.
Andrei Baloiu a developer for RS Components, and blogger about Blockchain and IoT on DesignSpark is also a consultant for various Bitcoin start-ups and co- organiser for various Ethereum meetups. His work has won 1st prize at Hack The Block – Blockchain Hackathon, September 2015 and 2nd prize at HackCoin – Digital Currency Hackathon, June 2015 .
Hugh Halford-Thompson is CTO of BTL Group. BTL builds enterprise level solutions that enable businesses to increase efficiency and open new opportunities by harnessing the power of the blockchain in everyday transactions.
It promises to be a fascinating night, so make sure you sign up early!
FREE TO ATTEND. Don't forget to pre-register here: https://www.eventbrite.co.uk/e/digital-catapult-centre-brighton-an-introduction-to-blockchain-tickets-21026995309
Join the Brighton Ethereum Meetup: http://www.meetup.com/Brighton-and-Hove-Ethereum/
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