Top 5 blockchain predictions for 2020 – EthexBet

After strong 2019, all eyes are onto 2020 for the continuing growth of the blockchain and crypto space. Some of the five blockchain predictions are bold and this is needed for the space to evolve and deliver on its promise for decentralization.

In the crypto industry, things are changing rapidly. And the only forecast that can be made as accurately as possible is to predict that the current evaluation metrics will be replaced with even newer and more efficient ones. Nevertheless, on the threshold of the new year and decade, let us try to look into the future and highlight the most important events and problems that should be monitored in 2020.

Another halving of Bitcoin should take place around May 2020. In other words, it is a halving of the award for finding the BTC block. At the moment it is 12.5 BTC for each produced block, but from the middle of next year, it will be reduced to 6.25 BTC. Thus, the deficit of the first cryptocurrency will become even more pronounced.

In 2019, the Chinese Government’s speech on the digital yuan made China the first major economy on the way to issuing a national digital currency. How will the digital yuan change the crypto industry? How will this affect the economic balance and the dollar’s status as a global reserve currency? Will China be the first in this industry, or do other countries still have a chance to get around it? Time will tell.

Since its launch in 2015, the Ethereum has been working on the same consensus model implemented in Bitcoin. However, the time has revealed many shortcomings of the Proof-of-Work (PoW) model. At the very least, opponents of PoW accuse it of excessive consumption of electricity.

Therefore at the beginning of 2020 Ethereum developers plan to continue a transition to Proof-of-Work (PoS). While other cryptocurrency projects have already tried to build blockchains on the PoS model, Ethereum will be the first really large cryptocurrency that will go on such an experiment. You can earn ETH and benefit from Ethereum price right now by playing our fair crypto lottery Ethex.bet. Try it!

DeFi, or “decentralized finance”, is one of the latest trends of the futuristic fans of the Etherium. They believe that decentralized applications and smart contracts are an invention on a par with equity corporations. At the moment, DeFi is a way to make some money for those who have long held long positions on ETH. Will the technology attract new users to crypto assets? Will “banks without bankers” help the global monetary structure to spread into new parts of the world? We will find out in 2020.

Does Facebook still plan to launch its own stablecoin in 2020 and a wallet that will allow you to store and transfer these coins? If that does happen, we’ll see for sure how the social giant keeps its promise — to give access to money to people who can’t afford financial services.