Crypto 2020: Technology Trends Next Year and Beyond is ten years old now, but how significantly ha

Crypto 2020: Technology Trends Next Year and Beyond 
 is ten years old now, but how significantly ha

Crypto 2020: Technology Trends Next Year and Beyond
#Crypto is ten years old now, but how significantly has its underlying technology changed since its birth? At the most basic and abstract level, things are still fundamentally the same, in that (real) #cryptocurrencies still rely on distributed and cryptographically secured consensus networks to confirm transactions.
However, in terms of the specific protocols used in these networks, and in terms of all the technology surrounding this basic layer, things have been steadily evolving since 2009. Tweaks have been made to the original Bitcoin protocol, new cryptocurrencies with new features have been developed, and new second-layer technologies and platforms are being designed to sit on top of existing coins.
2020 will be no different in this regard, bringing technical advancements that help push crypto that bit closer to widespread adoption. And regardless of whether it will be interoperability standards, layer-2 scaling solutions or entirely new virtual currencies, these will all play their role in making the overall crypto ecosystem more attractive to potential users.
2019: what happened this year?
How accurate were Cryptonews.com’s technology predictions for 2019? One of our main forecasts was that the outgoing year would witness a rise in platforms that are faster and more scalable than their predecessors, particularly platforms used by enterprises, financial institutions and governments.
This prediction was true to an extent, insofar as a raft of businesses and banks announced blockchains that could be used at scale. Facebook, Salesforce, Kodak, Turkcell, UAE Bank (and the Dubai government), JPMorgan, and Swift were among the numerous companies to announce blockchain-based platforms that could be used at the enterprise level, indicating a growing trend for more scalable (although not necessarily decentralized) blockchain technology.

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