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US Reaches 1 Million Bitcoin Downloads, Chinese Interest Fades Dramatically

Sunday 30th, June 2013 / 08:31

At the end of last month, we noticed remarkable growth in data points surrounding bitcoin adoption in China. During May, China was the only country among the top 10 for most bitcoin client downloads of all time to see month-over-month download growth, taking the top spot for the May. Moreover, CNY as a percentage of total BTC exchange volume more than tripled since the beginning of 2013. Just a few weeks earlier we noted that China was almost dead even with the US for total nodes connected to the bitcoin network. That growth trend tempered quickly in June. Chinese Download Volume Plummets Like so many other communities which rushed to adopt, China’s interest seems to have fallen precipitously. After seeing nearly 85,000 downloads in May, China is on pace for just 15,000 in June. While the number of downloads has decreased globally, China nearly tripled the average rate of decline across the rest of the top ten countries for most all-time bitcoin client downloads. China Loses Prominence On Network As mentioned…

The post US Reaches 1 Million Bitcoin Downloads, Chinese Interest Fades Dramatically appeared first on The Genesis Block.

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