Updated Bitcoin Market Map
As part of our continuing coverage of the bitcoin startup landscape, we felt it was time to update our simple one-page visual map. We’re now tracking 688 companies across 13 categories. The image below shows just a sampling of the companies within each category. To see the full list of 688 Bitcoin companies, contact us using the form on www.venturescanner.com.
There have been two major trends in bitcoin startups since our last market map update:
- Explosion of Bitcoin 2.0 Startups: Bitcoin 2.0 usually refers to making it easier to interact with the blockchain, sometimes in ways that go beyond bitcoin-as-a-currency. In the recent past, it seems like a lot of existing companies in this category have built up momentum and new players are entering the space. It’s a really exciting time to see how developers will build APIs to make bitcoin easier to use and where concepts such as “side-chains” will take us.
- Pressure on Bitcoin Miners: I’ve always maintained that bitcoin is more about the technology, not just the changes in the day-to-day price. However, one place where the price does seem to affect startups is in the bitcoin mining category. It appears that the recent drop in prices have caused some mining organizations to be unable to fulfill their obligations, and have seen them close up shop (temporarily, if not permanently).
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