This is a series of articles about the history of blockchain, here are all the posts: Genesis (1980–2009), Consolidation (2010–2012), Volatility is Here (2013), New Projects, Old Scandals (2014) and Bottom Is In, Investors Are On (2015), Altseason, Forks, And All-Time-Highs (2017) and The Bull and the Bear (2018). Claps, comments and shares much appreciated!
2016 was a year marked by the consolidation of Initial Coin Offerings as the go-to way to launch new protocols or decentralised applications.
Bitcoin price was recovering slowly but steadily, and the use of the word blockchain got generalised in the technology world.
Many big projects launched their ICOs, there were crucial protocol developments and lots of funding arrived. The total market capitalisation of the cryptocurrency sector grew dramatically.
But it wasn’t all good news.
There were also critical problems with Ethereum, and big exchanges got hacked.
We explore all this in detail on this article, let’s dive in!
Bitcoin Is Back, Bitfinex Gets Hacked
From January 2016 to January 2017 the bitcoin blockchain size grew from 50GB to 100Gb, and its price went from $433 to $961, showing an evident recovery from 2014…
