The blockchain has allowed humans to bypass the traditional financial system. It allows people to make deals in a transparent and secure way. Many see it as a great way to protect privacy as well. This article will show you how the blockchain is prepared to reach the next level in 2019.
1. Improvements In Transaction Privacy
A few years ago, Bitcoin was considered untraceable. People would use it for many dark web transactions. Eventually, people learned this wasn’t true.
New coins like Monero and DeepOnion have changed the game. These coins are specifically designed to keep transactions private. They’ve figured out how to know the details of a transaction without knowing exactly what address is involved.
2. More Decentralized Exchanges
There are more decentralized ways of exchanging crypto being developed. This will replace big targets such as Mt. Gox, which was famously hacked for millions worth of crypto. The Mt. Gox hack caused a massive loss in confidence for many investors for a few years.
3. Security Tokens
A security token is when a coin is seen by the SEC as a security. This designation makes the coin more attractive to big investors. Another benefit is regular buyers may flock to these coins in order to get out ahead of the growth.
4. Crypto ETF
Most people think of Bitcoin when it comes to cryptocurrency. This makes it an appealing choice for creating the first crypto ETF. Some analysts believe it could be as early as 2019, but this is still on the fence. Firms like VanEckhave been making progress.
5. Institutional Investors Are Highly Interested
Hedge funds are buying large chunks of the deflated cryptocurrency market. They have been doing this quietly in order to avoid spiking the market. Many crypto enthusiasts have to wait for the day big institutions buy in bulk. Yet, the market doesn’t realize it is happening already.
6. Prices Have Risen Year Over Year
Prices in the market have been like a roller coaster in the short term. However, it has grown year over year for coins like Bitcoin. There’s no guarantee this trend will continue, but many investors are hopeful.
7. Apps Becoming Popular
Coins like Ethereum are developing new methods of decentralizing their networks. Ethereum has been working on a protocol called Casper. The point is to make it so people without supercomputers will still be able to earn coins.
This new process is called proof of stake. People who run a server on the network will be giving some processing power to help everyone else verify transactions. Those who validate for the network are then paid coins in return.
Using proof of stake will make it so that people without hundreds of thousands of dollars can participate in earning cryptocurrency. Verifying payments takes far less power than mining a block. This will protect currencies from being run by an oligarchy of a few huge mining pools.
8. Large Companies Are Preparing To Accept Crypto
It once was a big deal when a Bitcoin early adopter got a pizza place to give him a pizza for 10,000 bitcoins. Another group of large companies like Microsoft are looking to join the action. These companies have realized they are late to the party. It is safe to expect more will follow suit over time.
9. Crypto Currency Can Be Supported By Gaming
There are games that are now using the blockchain for the purpose of in-game currency. Many gamers and investors will be excited since this will let them use the currency in the real world too. Bigger games could pick up this and use it for e-sports. Gaining even a sliver of that pie would create massive potential for growth.
10. Market Will Become Less Volatile
The last bubble pop taught investors to be more cautious. Cryptocurrency will continue evolving from its Wild West days. This will persuade more people to add it to their portfolio. This will lower the volatility and allow it to be seen as a broadly respected asset class.
Conclusion – The Blockchain’s Trends To Expect In 2019
The blockchain has continued to improve. It’s likely to become more accessible and secure for the masses. More people will feel safe dipping their toes into the water. Expect these trends to help it recover stronger than ever in 2019.
—–TIMOTHY BANKSY Jr, Cryptologist and Blockchain Connoisseur