Crypto-Currency and Cyber-Currency: Market Shares, Strategies, and Forecasts, Worldwide, 2018 to 2024

Published: Apr, 2018 | Pages: 299 | Publisher: WinterGreen Research
Industry: Financial Services | Report Format: Electronic (PDF)

Global Crypto-Currency and Cyber-Currency Market is estimated to grow at a substantial CAGR in the forecast period as the scope, product types, and its applications are increasing across the globe. Cryptocurrency implies a digital coin, moved among people in virtual contacts. Cryptocurrencies could be looked upon only as data and not as physical objects. Cryptocurrencies use reorganized regulators as opposed to central banking systems and central electronic money.

Cyber-Currency, also known as “Digital Currency” or “Digital Money” or “Electronic Currency”, is a class of currency available only in digital form, such as coins and banknotes. The cyber-currencies are anticipated to witness additional progress; lowering the cost of bank payments and giving people admission to low-cost worldwide payment schemes.

The factors that propel the growth of the Crypto-Currency and Cyber-Currency Market include Cyber currency is beneficial for branding and marketing. Crypto-Currency and Cyber-Currency Market is categorized based on geography into North America, Latin America, Japan, Middle East and Africa, Western Europe, Asia Pacific, and Eastern Europe. North America accounted for the major share of the Crypto-Currency and Cyber-Currency Market Size in 2018 and will continue to lead in the forecast period.

The key players contributing in the robust growth of the Crypto-Currency and Cyber-Currency Market comprise Dark Web, Crypto-Currency, Dark Net, Enterprise Digital Currency, Consumer Digital Currency, Cyber-Currency, Ethereum, Bitcoin, Ripple, Litecoin, Bitcoin Cash, Stellar, EOS, Cardano, NEO, IOTA, Monero, Tether, and Dash. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

Worldwide markets are poised to achieve continuing growth as the advantages of digital currency move away from the drug dealers and the criminals to mainstream activities like supply chain management and IoT communications. Cyber currency is useful in marketing and branding.

The value of Bitcoin is very volatile. The number of payments that can be handled is low. So why does the cybercurrency hold attractions and have a high market cap? The reason is people can use it to move money around anomalously. This has value to some people. The cyber-currencies are expected to further evolve lowering the cost of bank settlements and giving people access to inexpensive worldwide payments systems.

Bitcoin does face scaling issues that will need to be resolved for its longer-term viability - specifically, transaction processing costs, speed, and energy requirements will need to be addressed.

Worldwide Crypto-Currency market at $1.9 billion market in 2017, is expected to reach $84 billion by 2024.

Companies Profiled

Market Leaders

• Bitcoin
• Ethereum
• Ripple
• Bitcoin Cash
• Litecoin
• EOS
• Cardano
• Stellar
• NEO
• Monero
• IOTA
• Dash
• Tether

Key Topics

• Crypto-Currency
• Dark Web
• Dark Net
• Consumer Digital Currency
• Enterprise Digital Currency
• Cyber-Currency
• Bitcoin
• Ethereum
• Ripple
• Bitcoin Cash
• Litecoin
• EOS
• Cardano
• Stellar
• NEO
• Monero
• IOTA
• Dash
• Tether

 Table of Contents

Abstract: Cybercurrency Markets Bring Lower Costs and Higher Value 1
Cybercurrency Executive Summary 14
Bitcoin Not An Effective Form Of Payment 14
Blockchain Business Value 17
Bitcoin Not An Effective Form Of Payment 17

1. Cryptocurrency: Market Description and Market Dynamics 19
1.1 The Myth Persists 19
1.1.1 What Will a Stable Cyber Currency Look Like? 20
1.1.2 Crypto Currencies With A Fixed Supply Are Inherently Too Volatile To Be Useful 22
1.1.3 Crypto Currency Theft Is Irreversible 22
1.1.4 Crypto-Currencies Represent A New Way Of Managing Transactions Locally Or Within A Fixed System 22
1.2 Volatility of The Value Of Crypto-Currencies 23
1.3 IBM and Central Banks 25
1.4 Cryptographically Secure Tokens 27
1.4.1 IBM's Work With Assets Issued On A Blockchain 27

2. Cybercurrency Market Shares and Forecasts 32
2.1 Using Cyber Currency 32
2.1.1 How Credit Cards are Different from Crypto Currency 33
2.1.2 Visa and American Express 34
2.1.3 Money Can Become Decentralized 34
2.1.4 Cybercurrency Thefts 36
2.2 Crypto-Currency Market Shares 37
2.2.1 In 2016, Bitcoin Doubled in Price 48
2.2.2 Ethereum Platform and Ether Cryptocurrency 48
2.2.3 Ethereum Useful In Corporate Settings 49
2.2.4 Dark Web Currencies 50
2.2.5 Dark Net Description 53
2.3 Crypto-Currency and Cyber-Currency Market Forecasts 55
2.3.1 Cyrpto-Currency Market Forecasts 60
2.3.2 Bitcoin 62
2.3.3 Blockchain Business Value 66
2.3.4 IBM Blockchain Platform 67
2.3.5 Cyber-Currency$300 Billion Token Market 68
2.4 Crypto-Currency Market Segments 68
2.4.1 NEO Provides Framework for Brands 69
2.4.2 IOTA Public Distributed Ledger 69
2.4.3 Ripple Distributed Exchange 71
2.4.4 Crypto-Currency Segments, Dark Web, Consumer, and Enterprise Revenue 76
2.4.5 Crypto-Currency Segments, Dark Web and Enterprise Market Cap Market 77
2.4.6 Cross-Border Payments 77
2.4.7 Central Banks Considering Issuing Cryptocurrency 78
2.4.8 Supply chain 79
2.5 Cyber-Currency Prices 80
2.6 Cyber-Currency Regional Market Analysis 82

3. Cybercurrency Product Description 83
3.1 Dangers to the Dollar 83
3.1.1 US Balanced Budget 83
3.1.2 Blockchain Is Distributed Ledger Technology 85
3.2 Russian Currency Put In Place To Enable The Government To Tackle The Problem Of Tax Evasion 86
3.3 Blockchain Technology 89
3.4 Vendors Accepting BitCoins 91
3.4.1 Bitcoin Not An Effective Form Of Payment 95
3.5 Coin Market Average Transaction Fee 98

4. Cybercurrency Research and Technology 99
4.1 Standards 99
4.1.1 SuchApp 100
4.2 Blockchain Decentralized ledger 100
4.2.1 South Korean Justice Ministry Seeks to Regulate Cyber Currency: South Koreans Suggest Shutting Down Cryptocurrency Exchanges 101
4.3 Corporations Going Full Speed Ahead With Blockchain 104
4.4 Bitcoin Conversion to Local Currency 105
4.5 Current Value Of Data Center Infrastructure $10 Trillion 106

5. Cyber Currency Company Profiles 108
5.1 Amazon 108
5.2 Binance Coin 108
5.2.1 Underlying Binance Platform 109
5.3 BitCoin 110
5.3.1 BitCoin De-Facto Currency of Cyber-Crime, Darknet Markets 111
5.3.2 BitCoin Volatility 113
5.3.3 Bitcoin US Dollar Daily Chart 114
5.3.4 BitCoin Vulnerability to Theft 115
5.3.5 Bitcoin and the FBI 115
5.3.6 Controversies That Have Plagued BitCoin 116
5.3.7 Mr. Hearn Who Helped Develop BitCoin Came Out of Google 117
5.3.8 Cryptocurrency Transactions Blockchain 118
5.3.9 Why Bitcoin Will Never Be the Dominant Form of Money 119
5.3.10 Loans and Deposits Are an Elastic Form Of Money 120
5.3.11 The Main Problem with Bitcoin Is That It’s Inelastic 121
5.3.12 Credit Is Money 121
5.3.13 Banks Cannot Make Bitcoin-Denominated Loans 123
5.3.14 Money Serves As A Medium Of Exchange 123
5.4 BitCoin Cash 123
5.5 Cardano 124
5.6 Dash 124
5.7 Dragonchain 125
5.7.1 Dragonchain 125
5.7.2 Dragonchain Privacy 128
5.7.3 Dragonchain Coding Flexibility 128
5.8 Dragon Corp 131
5.9 EOS 131
5.9.1 EOS.IO Software Blockchain Architecture 132
5.10 Ethereum 134
5.10.1 Ethereum 134
5.10.2 Ether Cryptocurrency 135
5.10.3 Ether 136
5.10.4 Ethereum Initial Coin Offerings 137
5.10.5 Ethereum Useful In Corporate Settings 138
5.10.6 Ethereum, a Virtual Currency, Enables Transactions That Rival Bitcoin’s 141
5.11 Ethereum Classic 143
5.12 IBM 144
5.12.1 IBM Blockchain Activity 145
5.12.2 IBM's Strategic Cybercurrency Partnerships 146
5.12.3 Central Banks Considering Issuing Cryptocurrency 148
5.12.4 Digital Economy Has Made Trust More Important 150
5.12.5 IBM Blockchain Platform 154
5.13 ICON 154
5.13.1 ICON A South Korean Currency 156
5.13.2 How does ICON work? 156
5.13.3 ICON DAPP (Decentralized Application) 157
5.13.4 ICON Vision 157
5.14 IOTA 158
5.14.1 IOTA Public Distributed Ledger 159
5.14.2 IOTA Teams with Microsoft Cryptocurrency 160
5.14.3 IOTA 'Blockless' Technology Replaces Blockchain with Tangle 162
5.15 KuCoin 163
5.16 Lisk 163
5.17 Litecoin 164
5.17.1 Litecoin Currency in the Dark Web 165
5.18 Monero 168
5.19 Maker 168
5.19.1 Monero 169
5.20 Nano 174
5.20.1 Nano Pruned Ledger Support 176
5.21 NEM 178
5.21.1 NEM Pushes Blockchain Performance 181
5.22 NEO 182
5.23 OmiseGo 183
5.23.1 OmiseGO 185
5.23.2 OmiseGo & McDonalds 186
5.24 QTUM 186
5.25 R3 189
5.26 Ripple 189
5.27 Stellar 191
5.27.1 Stellar Lightning 193
5.27.2 Payment Channel Designs 193
5.28 Tether 194
5.29 TRON 197
5.29.1 TRONIX Is Third Generation Crypto 199
5.30 VeChain 199
5.30.1 VeChain Thor 200
5.31 Zcash 201
5.32 Date of Numbers Collection Note: 202
WinterGreen Research, 203
WinterGreen Research Methodology 203
WinterGreen Research Process 205
WinterGreen Research Global Market Intelligence Company 206

6 Appendix A 208
Appendix B List of All Crypto Currencies: April 16, 2018 215
Abstract: Cybercurrency Markets Bring Lower Costs and Higher Value 1

List of Figures

Figure 1. Bitcoin Not An Effective Form Of Payment 14
Figure 2. Bitcoin Payment Issues 15
Figure 3. Bitcoin Scaling Issues 16
Figure 4. IBM and Central Banks 26
Figure 5. IBM Tokens Supported 28
Figure 6. Racks of Servers Mining Bitcoins and Ether in Guizhou, China, June 2017 30
Figure 7. Bitcoin and Ether Digital Currency Relative Value in 2017 38
Figure 8. Crypto-Currency Market Cap Shares, Dollars, Worldwide, 2017 40
Figure 9. Crypto-Currency Revenue Market Shares, Dollars, Worldwide, 2017 41
Figure 10. Crypto-Currency Revenue and Revenue Market Cap Multiples Market Shares, Dollars, Worldwide, 2017 42
Figure 11. Cryptocurrency Coin Market Cap, Trade Volume, Number of Coins 43
Figure 12. Crypto-Currency Coin Ranking Price/ Market Cap / 24hour Change 43
Figure 13. Ethereum Corporate Users In Enterprise Settings 49
Figure 14. Screenshot of the Dark Net Marketplace Alphabay. (alphabaymarket.com) 51
Figure 15. Dark Web Currency 54
Figure 16. Crypto Currency Revenue Market Forecasts, Dollars, Worldwide, 2018-2024 56
Figure 17. Crypto-Currency Revenue, Worldwide, 2018-2024 57
Figure 18. Crypto-Currency Market Cap Worldwide, 2018-2024 57
Figure 19. Coin Market Top Ten Average Transaction Fee 61
Figure 20. Figure 4. Bitcoin Value April 1, 2018 62
Figure 21. Figure 5. Bitcoin Value High $19,500 December 2017 62
Figure 22. Figure 6. Bitcoin Early Value 63
Figure 23. Bitcoin 24 Hours April 1, 2018 64
Figure 24. Bitcoin High December, 2017 65
Figure 25. Bitcoin 5 Years April 1, 2018 66
Figure 26. IBM Blockchain Platform Functions 67
Figure 27. Crypto-Currency Market Segments 69
Figure 28. Crypto-Currency Segments, Dark Net and Consumer, Market Cap Market Segments, Dollars and Percent, Worldwide, 2017 71
Figure 29. Dark Web Poll Results 75
Figure 30. Crypto-Currency Segments, Dark Web, Consumer, and Enterprise Revenue, Dollars and Percent, Worldwide, 2018-2024 76
Figure 31. Crypto-Currency Segments, Dark Web and Enterprise Market Cap Market, Dollars and Percent, Worldwide, 2018-2024 77
Figure 32. Central Banks Considering Issuing Cryptocurrency 78
Figure 33. Supply Chain Blockchain Trace Information 79
Figure 34. Crypto-Currency Regional Market Segments, Dollars, Worldwide, 2017 82
Figure 35. Most Expensive Cybercurrency as of March 2018 84
Figure 36. Centralized vs. Distributed Network 85
Figure 37. Vladimir Putin Authorized the Creation of a Russian Online Currency Called the CryptoRuble 86
Figure 38. Bitcoin Scaling Issues 88
Figure 39. Bitcoin Not An Effective Form Of Payment 96
Figure 40. Bitcoin Payment Issues 97
Figure 41. Coin Market Top Ten Average Transaction Fee 98
Figure 42. List of Bitcoin Forks 102
Figure 43. Hardfork Blocks from Non-Upgraded Nodes 103
Figure 44. Bitcoin US Dollar Daily Chart 114
Figure 45. Dragonchain Cryptocurrency 126
Figure 46. Dragon Slumber Score 130
Figure 47. EOS.IO Software Features 133
Figure 48. Bitcoin and Ether Digital Currency Relative Value in 2017 136
Figure 49. Ethereum Uses In Corporate Settings 139
Figure 50. Ethereum Launched in 2015 by Vitalik Buterin 140
Figure 51. Joseph lubin, Right, Founded Consensys, Which Specializes In Applications That Run On Ethereum. Andrew Keys, Left, Is Director Of Enterprise Business Development At Consensys 141
Figure 52. Ethereum Classic Charts 143
Figure 53. IBM Target Cybercurrency Trading Customers 144
Figure 54. IBM Cybercurrency Strategic Partnerships 147
Figure 55. Central Banks Cryptocurrency Activity 148
Figure 56. IBM Cybercurrency Token Recommendations 149
Figure 57. IBM Blockchain Fundamental Requirements 151
Figure 58. IBM Laser Focused on Blockchain Fundamental Requirements 151
Figure 59. IBM 600 Blockchain Projects Industry Segments 152
Figure 60. ICON Variable Value 155
Figure 61. Price IOTA over time found on Coin Gecko: 158
Figure 62. e-Krona Central Bank Criteria for IOTA 160
Figure 63. Litecoin Key Judgments 166
Figure 64. Maker Market Cap, Price USD, Price BTC 169
Figure 65. Monero Technical Specifications 171
Figure 66. Nano Network Types Of Blocks 175
Figure 67. Nano Cyber Currency Features 177
Figure 68. NEM Value 179
Figure 69. NEM Marketcap, Price, Volume 180
Figure 70. NEM Blockchain Technology Features 181
Figure 71. OmiseGo Charts 184
Figure 72. QTUM Functions 188
Figure 73. Stellar Crypto Currency Features 191
Figure 74. Stellar Functions 192
Figure 75. Payment Channel Design Rules 194
Figure 76. Teather Features 195
Figure 77. Teather Functions 196
Figure 78. Cybercurrency Coin Ranking 208