The development of the blockchain in 2020 is worth the wait. How much and what will be the progress or adoption of blockchain technology in various countries or industries.
This year can be marked by a network of technology that will be more mature and increasingly competitive and synergetic blockchain industry with each other.
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Here are some of the blockchain predictions that are worth waiting for in 2020!
The Game Will Become a Break-out Application Area
This year the game platform will have a better platform, easier to use for digital assets. Game platforms can be a storage and distribution tool for digital assets that can be used by gamers.
This will be accelerated by the ability of gamers to get credit that can be used perhaps throughout the game by renting out GPU hardware and CPU running computing and rendering tasks.
Telegram is a messaging application that has been used by more than 200 million. This application has been an early adopter of the crypto project. it also became the second largest initial coin offering (ICO) in 2018.
In 2020 the use of blockchain in telegram will have a real impact together with Klatyn (KakaoTalk), Link Network (LINE), TON (Telegram), Mobilecoin (Signal) and Libra sans stablecoin (Facebook).
Corda Leads the Market on a Special Blockchain Company
R3 Corda continues to make inroads in the energy and telecommunications industries. The services they provide are user-friendly such as training, customer service, and certification programs.
This will make Corda different from the others. Corda will encourage more usage which in turn will make developers build platforms. Maybe in 2020 there will be more people using Corda than building the DeFi application on Ethereum
China Use Digital Currency
In 2019, Beijing's talk about digital yuan makes China one of the pioneers that will issue its own digital currency.
In 2020 China is also preparing to test the Central Bank's Digital Currency in two cities. China Digital Currency Payment (DCEP) was launched with licenses provided as a medium of exchange on large platforms such as Alibaba, Baidu, and Tencent.
This Central Bank Digital Currency can meet public policy objectives, such as financial inclusion, security and consumer protection.
Europe Use Blockchain in various projects
This year Europe is predicted to use Blockchain in various projects, especially on tokenized networks. But the adoption of blockchain in Europe must be seen to what extent Brexit, London. Because so far they are part of the narrative and are the second most popular city in the world for financing the initial blockchain.
The adoption of the blockchain in Europe was also largely driven by the determination of the European Union to break away from US domination and monopoly, over the internet for several decades, especially about data and financial stability.
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Blockchain spreading over east and west
Not only the western world is famous for its sophisticated blockchain technology. Now in the eastern world namely Asia the technology is also increasingly developed and known.
One of the pioneers was China which formally pursued the blockchain, Bitcoin mining and POS networks such as EOS. Some of these things are controlled by Chinese companies.
In addition, the Panda Country is also a place for various world-famous exchanges. It is likely that in Asia we will see a period of Web 2.5 or a completely different form of Web 3.0. The results will lead to technological competition and financial dominance.
"Zombie" token will be cleared
The exchange will be forced to be professional, 'zombie tokens' will be abolished aggressively and investors will gradually flock to more quality than quantity. The idea of a $ 100 million project without market compatibility can make a product disappear.
Valuations can no longer be sustained only by vision and ideas. 2020 is all about transactions and usage. And not only is the press release of partnerships, beta releases, and funding rounds.
Bitcoin will Get the Application
This year, Bitcoin will experience Halving, but it is also expected that Bitcoin will switch from being a 'store-of-value' to an open financial platform with many safe and trusted service providers in the market.
This will attract industry and media attention, so the price of Bitcoin can become more popular. The growth of Lapps (Lightning Apps) and wider data retention will be a strong fundamental signal for the development of market fees and the long-term sustainability of Bitcoin.
Ethereum 2.0
Ethereum since its activation in 2015 has been operating with the same security scheme as Bitcoin. In early 2020, Ethereum developers hope to remodel this design with a new design called "proof-of-stake".
Ethereum will also utilize the available DeFi lego. With the development of MAST / Taproot on the Bitcoin network and the inclusion of a new smart contract platform that reached mainnet in 2020, Ethereum is likely to continue to get developers who are stable and spread across many platforms.
In 2020 smart contract platforms will emerge with a lot of focus on developers and customer acquisition. General developers will become more familiar with blockchain-based platforms, currently estimated to be less than 1% of the global developer population, but by 2020, there could be more supply than demand.
50% -75% of Publicly Registered Tokens may be Abolished
Tokens traded in the public are likely to stop being marketed. It is estimated that 50% and 75% will be eliminated. From 2,345 active tokens traded today in 2020 there will only be> 1,000 tokens by the end of this year, and this could change to less than 500 tokens if Binance decides to try delisting. New tokens that come to the market will be few and far more mature.
There he is several blockchain predictions and things related to the technology. We still have to wait whether the things written in this article will come true in 2020 and can have a positive effect on the development of blockchain technology and the world of cryptocurrency.