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Challenges affecting cryptocurrency market 2016

Challenges affecting cryptocurrency industry worldwide in 2016
Created with Highcharts 5.0.143.773.773.593.593.413.413.173.173.093.092.982.982.832.832.572.57Centralisaton of hashing power inthe hands of a few (control)Centralisaton of hashing power in apartcular geographical area (locaton)ScalingMining fees not compensatng fordecreasing block rewards in the long runCentralisaton of mining equipmentproducton in a partcular geographical areaImplementaton bugs in miningfrmware/ hardwareDesign bugs/weaknesses at the protocol levelLack of liquidity in cryptocurrency markets00.250.50.7511.251.51.7522.252.52.7533.253.53.754

The data describes 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).

Centralisaton of hashing power in
the hands of a few (control)		 3.77
Centralisaton of hashing power in a
partcular geographical area (locaton)		 3.59
Scaling 3.41
Mining fees not compensatng for
decreasing block rewards in the long run		 3.17
Centralisaton of mining equipment
producton in a partcular geographical area		 3.09
Implementaton bugs in mining
frmware/ hardware		 2.98
Design bugs/weaknesses at the protocol level 2.83
Lack of liquidity in cryptocurrency markets 2.57

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