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Top 10 blockchain trends in 2019

Time : 23/06/2022 Author : buovqx Click : + -
        From the integration of the Internet of things (IOT) to start-ups without bank accounts, all expressed their expectations for the blockchain in 2019. It has been more than ten years since Satoshi Nakamoto's famous white paper introduced blockchain. This technology has gone far beyond cryptocurrency and affected many industries. We will reveal why the blockchain will record no matter what happens to the digital currency. Although cryptocurrency has been hit hard, 2018 is of great significance for blockchain, which supports bitcoin and many other cryptocurrencies. There are a lot of cases of blockchain outside the cryptocurrency field. IBM, Oracle, Amazon and other multibillion dollar companies try to use disruptive technologies.
        Now, it's time to find out what the main blockchain trends are, which will redefine the blockchain. As a new financing method, security token issuance (STO) has always been a hot topic in the encryption field, and it seems that they will continue to be a hot topic since overstock's tzero announced the launch of the new sto platform on January 21. The platform supported by the blockchain will provide companies that raise funds by launching their own sto. Prior to this, the startup released an announcement about the completion of its utility token distribution. Sto combines the best features of the stock market and cryptocurrency. It is a fully regulated alternative to ICO and later became as popular as ICO.
        The launch of DEX (decentralized exchange), headquartered in Estonia, purchased the shares of the world's largest company in the form of erc20 tokens, proving that 2019 is related to tokenization. Ethereum powered startups will allow non-U.S. investors to enter the U.S. stock market without any restrictions on their location or investment amount. Zilliqa, a cryptocurrency startup, also recently launched hgexchange, a fully regulated exchange that allows qualified investors to buy US stocks. Tokenization has become a common trend in 2018, far beyond the stock market. However, this year is the year when almost everything will be tokenized - art, wine, real estate, etc.
        As early as January, the leading digital security company jinyatuo released a report, pointing out that 23% of the respondents believed that blockchain technology could bring good news for the protection of IOT driven devices. At the same time, nearly 91% of enterprises that do not use blockchain consider using this technology in the future. The number of devices driven by the Internet of things is expected to reach US $26.66 billion in 2019, but less than half of enterprises can detect whether their devices have security vulnerabilities. IBM also demonstrated the benefits of this convergence through its game changing platform watsoniot. In addition to bringing higher security to the desktop, the blockchain also greatly simplifies the task of managing different devices and improves transaction efficiency.
        The fact that the cryptocurrency price plummeted in 2018 does not mean that the global financial industry will suddenly give up the blockchain. As reported by USA Today earlier, the ice backed exchange bakkt was supposed to be launched in January, but its issuance was finally postponed due to the longest government shutdown in history. As for other "big fish" players, NASDAQ and the New York stock exchange plan to launch bitcoin futures and are also keen on blockchain. Since the death of the encryption center, we have every reason to believe that 2019 will be an exciting development year in the blockchain field. Decentralized exchanges are actually in line with Satoshi's vision, but there are many usability problems, which have brought losses to their popularity.
        There is no centralized authority to manage user funds, but this is also a double-edged sword Problem & ndash; If the private key is stolen or lost, a specific transaction cannot be recovered. Remember, there is also a degree of centralization. For example, bancordex suffered a hacker attack of US $13.5 million, but charlielee later claimed that any decentralized exchange would not lose its capital. Having said that, major crypto startups from binance to Tron have launched their own DEX to take the lead in promoting the transformation of the crypto world to decentralization. Governments around the world (even those countries that openly hold an attitude towards cryptocurrencies) are exploring a variety of blockchain applications.
        China has cracked down on bitcoin, but the country is eager to become a leader in the blockchain competition. Shanghai, Guangzhou and other major cities are supporting the development of blockchain. According to USA today, China's Ministry of industry and information technology (MIIT) has launched a plan to encourage enterprises using DLT technology. In addition, China has a special blockchain guide for educating government officials. Estonia is another country committed to the e-estonia project to digitize the government. Meanwhile, Dubai may become the first government driven by blockchain. Implementing blockchain can help Dubai save up to $1.5 billion a year by cutting red herring and creating a completely paperless government.
        A large part of Africa's population is still immature, and Africa provides a hotbed for different start-ups that use blockchain technology to increase economic inclusiveness. The Rohingya project goes further, using blockchain to restore the identity of stateless Rohingya people and allow them to obtain banking services. It is worth noting that blockchain is the most disruptive technology in the past decade, but it is still known to the public. Yes, like bitcoin, blockchain is one of the buzzwords in the field of technology, but it is all related to the adoption of the real world. According to PwC research, 84% of the companies dip their toes into blockchain, but they are not ready to accept it because of numerous "trust problems".
        Those who can integrate the blockchain into the business will become one of the main issues in 2019. There is no doubt that scalability is one of the main bottlenecks of the blockchain, which constitutes a major obstacle to mainstream adoption. This became apparent when cryptokitties, one of the most famous dapps, caused congestion on the Ethereum network. Bitcoin and Ethereum can only handle 7 and 25tps (this level of scalability cannot meet the needs of mainstream payment processors such as visa). Although bitcoin, the main use case of the blockchain, was hit hard in 2018, the number of work related to the blockchain continued to grow throughout the year.
        In addition, according to CNBC, the salary of blockchain engineers has soared to US $175000 every year, which means that their salary in the field of software development is the highest, comparable to that of AI experts. According to mehulpatel, CEO of hired, "there is a lot of demand for blockchain." Most importantly, the number of blockchain freelancers (which is the fastest-growing freelance field) of upwork, the leading freelancer platform, increased by 35000%. However, it is not easy to earn a six figure salary. Blockchain developers must code in multiple languages, including go and solidity.
        As mentioned above, large companies do not want to miss blockchain technology, so they are trying to hire talented programmers. Alex & middot; Alex dovnya (also known as Alex Morris) is a cryptocurrency expert, trader and journalist with rich experience in all aspects related to emerging industries (from price analysis to blockchain disruption). Alex is u Today, cryptocomes and other fintech media have written more than 1000 articles. He is particularly interested in global regulatory trends that are shaping the future of digital assets.
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