US Cryptocurrency Market 2021-2026

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    Cryptocurrency is a type of digital currency that is only available on the internet. There is no actual coin or banknote unless the user utilises a service that allows you to exchange cryptocurrencies for a physical token.


    You frequently swap cryptocurrencies with someone online, instead of going via a middleman like a bank. Although Bitcoin and Ether are very well cryptocurrencies, there are numerous more, and new ones are being produced all the time.


    When it comes to cryptocurrency, the main concern for users is the double spending problem: after completing a transaction, the user attempts to persuade the validators (and, by extension, the general public if the blockchain is trusted) to accept an alternative history in which some payment was not made.


    By default, a blockchain based on a PoW consensus algorithm deals with moving transaction history backwards.  As a result, if a person attempts to invalidate an earlier transaction, he must present a different blockchain (with that exact transaction).



    infographic: US Cryptocurrency Market, US Cryptocurrency Market Size, US Cryptocurrency Market Trends, US Cryptocurrency Market Forecast, US Cryptocurrency Market Risks, US Cryptocurrency Market Report, US Cryptocurrency Market Share


    Bitcoin, being a regulated currency, creates mining incentives through currency growth as well as transaction fees. In its current form, the Bitcoin incentive structure is extremely rewarding, necessitating the use of an excessive number of resources in order to avoid double-spending and make it a safe means of payment.


    The optimal Bitcoin architecture would result in a welfare cost of just around 0.08 percent of consumption, which is equivalent to a low-inflation cash system. Cryptocurrencies, such as Bitcoin, go one step further by removing the need for a trusted third party.



    S No Overview of Development Development Detailing Region of Development Possible Future Outcomes
    1 The US Government Is Auctioning Bitcoin Tokens Worth More Than $300,000 GSA Auctions, a US government-backed company, is now running an online Bitcoin auction called the “Fall for Cryptocurrency.” The federal US government is auctioning off 4.94 Bitcoin tokens worth more than $300,000, based on Bitcoin’s current selling price of $63,925 (approximately Rs. 48 lakh) per token. GSA Auctions is a service of the US General Service Administration (GSA) that is in charge of clearing excess assets held by the federal government. USA This would enhance better  digital currency



    SI No Timeline Developments
    1 Q4-2021 The investment in Cryptocurrency and blockchain have increased to 477% by the companies in the US. The investment in 2021 crossed $26 billion in the US, whereas investment was $4.5 billion in 2020.
    2 Q4-2021 Coinbase is a cloud-based investment management software and services, partnered with order execution management provider Enfusion for the seamless trading of cryptocurrency in Coinbase, by establishing connectivity between their respective systems to enable financial institutions and investment managers. 
    3 Q4-2021 New York based digital payments network, Flexa announced users can use Shib tokens as the payment options in their network of 40,000 merchants across the US. 


    Cryptocurrency has the ability to reform and revolutionise compliance-free peer-to-peer and remittance activities; nevertheless, in order to profit from cryptocurrency, consumers must overcome certain security, privacy, and control issues.


    Because bitcoin transactions are recorded on the blockchain, a distributed public database, hackers have a massive attack surface from which to acquire access to critical and sensitive information.


    If this public ledger contains sensitive collective bargaining agreement information or payment data, duplicating it may make it easier for hackers to acquire access to it. If a device is shared, it can be used to get access to the database inside a hub-and-spoke configuration.


    The key forces propelling the global cryptocurrency industry’s rise are increased desire for operational efficiency and transparency in financial payment systems, increased demand for remittances in developing countries, improved data security, and increased market value.


    Furthermore, the spread of the cryptocurrency sector is limited by high implementation costs and a lack of information about bitcoin among customers in developing nations.


    Infographic: US Cryptocurrency Market,   US Cryptocurrency Market Size,   US Cryptocurrency Market Trends,    US Cryptocurrency Market Forecast,    US Cryptocurrency Market Risks,   US Cryptocurrency Market Report,   US Cryptocurrency Market Share


    Increased digitization across sectors is another factor driving market development. As a result, easy access to and greater penetration of high-speed internet connectivity in daily activities


    In addition, the legalisation and acceptance of the purchase, sale, or trading of virtual currencies in a number of industrialised nations is accelerating industry expansion.


    Because distributed ledger technology, or blockchain, provides a high level of transparency, there is minimal risk of fraudulent or unwanted transactions as a consequence of human or machine error or data manipulation. This allows all stakeholders to keep track of any changes made.




    The US Cryptocurrency Market can be segmented into following categories for further analysis.

    By Technology

    • Hardware based Technology
    • Software based Technology


    By Technology Usage

    • Full Custom ASIC
    • Semi-Custom ASIC
    • Programmable ASIC
    • GPU
    • FPGA


    By Combination of Application

    • Mining of Platforms
    • Exchange
    • Coin Wallet


    By Collection Type

    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Tether (USDT)
    • Binance Coin (BNB)
    • Cardano (ADA)
    • Ripple (XRP)




    SI No Timeline Company Developments
    1 Q4-2021 WhatsApp WhatsApp owned by Meta is testing crypto currency payments through the app by using its Novi crypto currency wallet, and this feature is only available for the US.
    2 Q4-2021 Coinbase Leading crypto transactions provider in the US, Coinbase acquired crypto wallet firm BRD from for an undisclosed amount.
    3 Q4-2021 FTX US  Bahamas based cryptocurrency exchange platform FTX US acquired digital currency exchange platform LedgerX to expand its business in the US. 
    4 Q4-2021 Kraken Largest cryptocurrency exchange provider in Worldwide, Kraken acquires digital currency staking company Staked. 
    5 Q4-2021 Paxful  Global cryptocurrency trading platform, Paxful integrated with Lightning network’s layer 2 payment product for the faster bitcoin transaction with lower fees.
    6 Q2-2021 Gemini  Cryptocurrency exchange Gemini acquired crypto custody startup Shard X that provides cryptographic technology of secure multi party computation (MPC) software and it will support super safe and secure custody with quicker access in the Gemini platform. 


    Cryptocurrencies are digital currencies that are used in electronic payment systems without the intervention of a government or a third party, such as a bank.


    Instead, system users validate payments through the usage of particular protocols. Since the launch of the first cryptocurrency, Bitcoin, in 2008, cryptocurrencies have grown in popularity.


    In recent years, they have experienced a rapid increase in value followed by a collapse. According to one estimate, there were over 5,100 distinct cryptocurrencies totaling more than $231 billion as of 25 March 2020.


    Cryptocurrencies have piqued the interest of the general public and policymakers because of their quick ascent and volatility. Cryptocurrency has been a particularly noteworthy occurrence.


    A bitcoin wallet is software that enables the movement of money from one account to another. You must have access to a password, also known as a private key, in order to perform a transaction.


    The private key is comparable to a bank account. The user can own several keys as well as any money paid to those keys. Activities are processed on a public ledger, which displays the totals of the transactions without disclosing the names of the persons involved.


    Cryptography is a means of safeguarding blockchain transactions. Cryptographic codes, often known as hashes, connect the blocks, rendering them inaccessible to hackers. These hashes are analogous to secure passwords.


    There is an opponent who claims to be able to forge signatures and just a challenger who will put that claim to the test in the unforgeability game.


    The first step is to use create Keys to generate a secret signing key and a corresponding public verification key. It would provide the challenger the secret key, whereas it would give both the challenger and the opponent the public key.


    As a result, the attacker has just publicly accessible information at his disposal, and his goal is to create a message. As a result, he is able to sign documents.


    The setting of this game looks to be based on real-world scenarios. A real-world attacker would very likely be able to do so.





    SI No Timeline Company Developments
    1 Q4-2021 Gemini  Cryptocurrency exchange startup Gemini Trust raised $400 million at $7.1 billion valuation, Gemini also offers its own currency, Gemini dollar. 
    2 Q4-2021 FTX US FTX US is a crypto exchange platform provider, trading volume increased 500% in the third quarter, and FTX also announced it held 4.5% in the US crypto spot market volume. 
    3 Q2-2021 Coinbase American based crypto currency exchange platform Coinbase went public through listing on the Nasdaq in the second quarter at a valuation of $86 billion. 
    4 Q1-2021 Stellar Stellar is a blockchain based payment network provider invests $5 million in blockchain based platform developer Wyre to enable payment APIs financial applications on the Stellar network. 


    Developing economies provide significant opportunities for cryptocurrency entrepreneurs to expand their operations by making money and financial services more accessible.


    The most well-known of these cryptocurrencies, Bitcoin, has already helped many individuals and businesses to flourish and prosper as a source of money.


    The economy is progressively shifting to suit these demands, and cryptocurrencies have tremendous potential to help.


    Evolving demographics, growing consumption, and sensitivity to new technologies such as IoT, Blockchain, and others present an appealing opportunity for cryptocurrencies in emerging markets.


    RippleNet uses a single API to connect to hundreds of financial institutions across the world, making money transfers quicker, cheaper, and more reliable for you and your clients.


    It also assists you in reducing, if not eliminating, the need to pre-fund accounts by utilising On-Demand Liquidity (ODL), a service that sources liquidity during bridge transactions using the digital asset XRP as an alternative to traditional ways.


    The CBDCS will almost certainly play a significant role in the new, modern global financial architecture that blockchain technology will inevitably underpin.


    Ripple’s latest paper provides Central Banks with a framework for establishing CBDCs as well as advice for preserving global interoperability.


    Each server has its own node list, which is a collection of other servers with whom it consults while determining consensus. Only the votes of the other members of the UNLofs are used for computing consensus (as opposed to every node on the network).


    Kraken is developing new technology and securities to meet the market’s cryptocurrency needs. Kraken provides comprehensive protection for digital currency.


    A range of innovative precautions have been implemented by the expert team to prevent the theft of money or information. 94 percent of all deposits are kept in offline, air-gapped, geographically dispersed cold storage.


    It has adequate reserves on hand so that consumers may always withdraw monies on demand. The servers are placed in secure cages that are guarded by armed guards and video monitors 24 hours a day, seven days a week.


    Physical access and code dissemination are strictly controlled. Nothing is released unless it has been thoroughly evaluated.


    A competent team dedicated to examining the systems from every potential attack vector. To capitalise on the experience, it also runs a bug bounty programme.





    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in the Industry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2021-2026
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2021-2026
    19 Market Segmentation, Dynamics and Forecast by Application, 2021-2026
    20 Market Segmentation, Dynamics and Forecast by End use, 2021-2026
    21 Product installation rate by OEM, 2021
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2021
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix


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