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Challenges affecting cryptocurrency market 2016

Challenges affecting cryptocurrency industry worldwide in 2016

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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