2019 was a roller coaster ride in the world of the blockchain. After such an exciting year, what can we expect next?
The cryptosphere is booming as more new trends arise in the industry. Here’s what you need to know about all of this.
Shortly after the appearance of Bitcoin, the superstar of cryptocurrencies, in 2009, several more cryptocurrencies were shaken on the horizon. Blockchain technology has revolutionized digital money. Time passes and blockchain continues to evolve. As a result, the world of finance and business has discovered many new incentives and opportunities.
One study shows that about 2/3 of companies have announced their intention to implement blockchain in their workflow by the end of this year. Distributed Registry technology offers a wide range of opportunities for businesses in several areas, including finance. Large technical corporations are already working to the fullest extent on the development of this technology. So, what are the modern blockchain trends?
The OpenSSL Software Foundation, which transport protocols secure the connection between servers and clients and put that reassuring padlock in your browser bar, has a budget of less than $2000 in donations per year. Meanwhile, 78% of companies in the world use open-source software. The founder of Gitcoin Kevin Owocki states that the whole system is very fragile and can collapse at any time, as most open source projects are based on the developers themselves.
There are some initiatives in the decentralized technology industry that will help make working on open source code easier. For example, the MolochDAO project has collected more than 4000 ETH in donations from various companies including ConsenSys and the Ethereum Foundation.
Smart contracts are closely linked to blockchain and bitcoin. A smart contract is a code stored in the computing process used to automate business transactions. For companies that will seek to operate on a blockchain basis, this tool will become very…