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Cassiopeia Discusses Trends to Watch in Crypto and Blockchain for 2019
Traders Magazine Online News, January 7, 2019
The year to come promises yet more innovative mainstream blockchain and cryptocurrency applications. Two years after the bitcoin boom, we can see increasing understanding of cryptocurrencies and markets reaching greater maturity.
Whilst the hype around bitcoin has certainly passed, the advantages and benefits of deploying blockchain have only just started to show. Blockchain technology itself has improved in 2018, with greater scalability, more decentralised features and enhanced security. One thing we can be sure of is that in 2019, the blockchain and fintech revolutions will continue to gain ground, paving the way for more innovations to enter the market.
The external mood is causing investors and entrepreneurs to steer clear of traditional markets. With the political climate bringing chaos in the UK and Europe, coupled with low oil price expectations and continued volatility in equities, alternative investment options, as those found in the crypto market, can be much more attractive.
Check out our predictions in the blockchain and crypto space for next year and pick your favourite projects.
- Bitcoin out, Altcoins in. DigiByte under the spotlight
The Bitcoin hype is certainly over, and the last year has created a chance for other crytpocurrencies?—?known as altcoins to shine.
One of the most successful of such projects is DigiByte (DGB). Powered by strong community effort, DGB is a token designed for mass scale adoption and cybersecurity. DGB is the fastest and most scalable blockchain in the world due to its design choices, such as multi-algorithm mining and decreasing block times. Every 2 years, the DGB blockchain's dynamic strcuture system doubles the number of transactions per second by doubling the block size. In 2019, capacity should reach 1100+ transactions per second, with a maximum capability of 280,000 transactions per second by 2035.
Another crypto in strong favour is Ripple. Desgined as the cryptocurrency of banks and international companies for money transfer, its token XRP allows users to send money all around the globe at high speed and low cost. Ripple is becoming further integrated to banks and fintech systems and is already being used by over 100 companies worldwide.
2. The Darwin Effect in the ICO market.
Capital to be directed to projects with stronger use cases.
After the ICO boom in 2017 through 2018, the next year will bring a more ‘evolved’ phase of the ICO market. Many of the vast number of coins launched over the last couple of years proved to be poorly managed projects with no real or practical applications, or in some cases even fraudulent.
The future of ICOs is in projects that present great scalability?—?ability to grow without losing efficiency?—?and strong use cases. Coins and tokens to watch are those that can add real value to the user experience and provide new avenues for efficiency in business models while promoting innovation.
With the introduction of more reliable regulating mechanisms both at governmental and community level, we’ll see a cleansing in the market, with a ‘survival-of-the-fittest’ model allowing only the most solid projects to stay in the game.
3. The Technology Revolution is on: Blockchain meets AI
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