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Research

When Will Ethereum Transaction Fees Normalize?

  • The high gas fees are making dapps unusable and forcing people to migrate to other blockchains such as Avalanche.
  • Fortunately, a layer-2 scheme called a rollup is going to help scale the clogged Ethereum network, that is if DeFi platforms start using it en masse.
Average Ethereum transaction cost (daily) for 2019, 2020, 2021. Data by Etherscan

  • The high gas fees are making dapps unusable and forcing people to migrate to other blockchains such as Avalanche.
  • Fortunately, a layer-2 scheme called a rollup is going to help scale the clogged Ethereum network, that is if DeFi platforms start using it en masse.
Image from Shutterstock

No, CoinDesk, Satoshi’s Local Time Zone Wasn’t UTC+8

  • Satoshi used AnonymousSpeech.com's webmail client to send emails, making the timezone in the Date header field therein irrelevant.
  • This time zone is naturally the same as the one in the Received header field of the same emails.
Image from Shutterstock

Satoshi Nakamoto Lived in London While Working on Bitcoin. Here’s How We Know.

  • Satoshi's Bitcointalk posts, SourceForge commits, and emails, lay out a clear activity pattern, which we plotted in different time zones.
  • Other available data gave us clues that helped us determine, with reasonable confidence, where he lived.
Image from Shutterstock

Satoshi Used Timestamps For Early Bitcoin Source Code Versioning

  • We analyse early Bitcoin source code archives - a preliminary version from November 2008, 0.1.0 (both RAR and TGZ), and 0.1.3.
  • We conclude that Satoshi used timestamps as a versioning scheme, before the SourceForge repository was established in mid-2009.

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Then President of Ukraine Petro Poroshenko speaks at the World Economic Forum in Davos, Switzerland on January 21, 2015. Shutterstock

WEF Study Reveals Issues Around Global Blockchain Standards

  • The WEF used data from over 30 technical standard-setting entities, 185 jurisdictions, and almost 400 industry groups to create its report.
  • Called the Global Standards Mapping Initiative, the study notes the gaps, divergence and overlap in the blockchain standard-setting space.
Comparison of ETH 2019 price with ETH 2020 price for the period between January and October. Data by CoinDesk's Ethereum Price Index

Ethereum 2019 Vs Ethereum 2020

  • Ethereum was down 7.5% in 2019 overall due to version 2.0 delays, the trail of the bear market, and heavy criticism.
  • In 2020, the story is different, with ETH already up 200% and the DeFi hype train at full speed.
World map of major Bitcoin mining pool stratum server locations. The Chain Bulletin Bitcoin Mining Map

Your Friendly Neighborhood Bitcoin Mining Pool

  • In the study, we included 16 major Bitcoin mining pools with 80 stratum server locations across 11 countries on 4 continents.
  • The data shows that Asia, North America, and Europe is where almost all stratum servers reside, with 1 pool and 1 stratum server representing Australia.
Map of the European Union with emphasis on Ukraine. Shutterstock

Key Insights From Chainalysis’ Eastern Europe Crypto Adoption Research

  • Between July 2019 and June 2020, Ukrain and Russia managed to place first and second, respectively, on Chainalysis' Global Crypto Adoption Index.
  • During the same period, 1.4% of all crypto transactions in Eastern Europe were connected with illicit activity, the second highest rate after Latin America.
Illustration from Freepik

IDC Forecasts Worldwide Spending On Blockchain To Reach $4.1 Billion In 2020

  • Worldwide spending on blockchain is said to increase with a growth rate of over 40% in all major industries.
  • As the COVID-19 crisis forced many corporations to adopt emerging technology, the benefits of blockchain have started to attract significant interest.

CipherTrace: $1.4B In Crypto Stolen So Far In 2020

  • CipherTrace's research has found that the biggest threat this year is fraud.
  • Chinese MLM scheme Wotoken has been the largest contributor to crypto loss this year, stealing approximately $1.09 billion from 715,000 investors.

Here’s What Happened Before & After The First 2 Bitcoin Halving Events

  • The two previous halving events point to a price rally 4 - 6 months after the halving happens.
  • There is no clear indicator that suggests miners quit in droves after block rewards are halved.

Crypto Scammers’ Income Down 30% Due To COVID-19

  • Even though crypto scammers are seeing a high number of transactions, their revenue seems to have dropped significantly.
  • Chainalysis data shows that the total daily value received by scam wallets has dropped by 61 percent over the first two weeks of March.

Top 10 Crypto Predictions For 2020 Based On 2019 Growth Pattern

  • 2019 growth percentages dictate Bitcoin at $13,706, Binance Coin at $31, and Tezos at $4 towards the end of 2020.
  • As FOMO kicks in again, 2020 will surely set its own pace, but there's still a lot of things to learn from 2019.
Chainalysis booth at a conference. CoinDesk

Chainalysis: More Successful Hacks in 2019, Compared to 2018, Less Money Stolen Overall

  • While exchanges are doing a better job with security best practices, hackers are also moving to more sophisticated attacks.
  • CoinJoin and obfuscation services are still not popular with hackers, most of the stolen money goes directly into other exchanges.