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What will happen in the crypto industry after 2020

Cryptocurrency is called the money of the future, and there are certain reasons for that. In 2020, despite the situation with the pandemic and the stock market decline, the value of digital currencies is actively increasing (for example, Bitcoin has almost doubled in value in two weeks). Currently, we observe that in Russia, Ukraine, and several other countries on all continents, the legalization of cryptocurrencies is underway at the state level. Based on the analysis of what is happening, we will try to predict the future of this industry. What awaits us?

<h2 dir="ltr" style="line-height:1.8;margin-top:18pt;margin-bottom:10pt;"><span style="font-size: 16pt; font-family: Montserrat, sans-serif; color: rgb(0, 0, 0); background-color: transparent; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">Scalability</h2>

<span style="font-size: 16px; font-family: Montserrat, sans-serif; color: rgb(0, 0, 0); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">In the 2020s, we will see blockchain moving to a new level. Transaction throughput should increase by several orders of magnitude. And as soon as the global market sees the speed of scalability and the prospects of blockchain, the number of startups that will base their technology on this technology will increase proportionally.

<span style="font-size: 16px; font-family: Montserrat, sans-serif; color: rgb(0, 0, 0); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">A situation similar to this already occurred after modems at 56 kbit/s<span style="font-size: 16px; font-family: Montserrat, sans-serif; color: rgb(0, 0, 0); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;"> were replaced by broadband (high-speed) network access. It was then that companies like YouTube, Uber, etc., made themselves known.<h2 dir="ltr" style="line-height:1.8;margin-top:18pt;margin-bottom:10pt;"><span style="font-size: 16pt; font-family: Montserrat, sans-serif; color: rgb(0, 0, 0); background-color: transparent; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">Improving Privacy</h2>

<span style="font-size: 16px; font-family: Montserrat, sans-serif; color: rgb(0, 0, 0); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">In most cases, there is no point in broadcasting every payment you make to a transparent ledger. In addition to scalability, we will see an improvement in transaction privacy.

<span style="font-size: 16px; font-family: Montserrat, sans-serif; color: rgb(0, 0, 0); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">This is what happened with data transmission protocols. HTTP was upgraded to HTTPS and set as default on many sites instead of outdated TLS and SSL cryptographic protocols.

<img alt="" height="251" src="https://lh5.googleusercontent.com/ijOEuJXpSXOJ6bJxJkexwgpC-hV4Nc7IyydJe20PjkOOF0wuJUe7hxEKaUUjZd_t0eo6hLDJg5ccU5UQjeOlOpM8xNvMZ9bMZKJHhylKydwxF1lCsokSRIyPjepUEYi5w0SHQkJi" style="margin-left:0px;margin-top:0px;" width="602" /></img>

<h2 dir="ltr" style="line-height:1.8;margin-top:18pt;margin-bottom:10pt;"><span style="font-size: 16pt; font-family: Montserrat, sans-serif; color: rgb(0, 0, 0); background-color: transparent; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">Strengthening</h2><span style="font-size: 16px; font-family: Montserrat, sans-serif; color: rgb(0, 0, 0); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">High-class teams such as Dfinity, Cosmos, Polkadot, Ethereum 2, Algorand, etc., are working on improving decentralization. Each year, we will witness increasing progress in scalability, simplifying blockchain development, chain consolidation; and cryptocurrencies will become a significant part of the economy of individual countries.

<span style="font-size: 16px; font-family: Montserrat, sans-serif; color: rgb(0, 0, 0); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">It can be assumed that there will be approximately as many tokens as there will be companies / investment and charitable funds / payment systems, and only a few chains will provide the basic infrastructure for them. Eventually, almost every financial institution will have some form of cryptocurrency operations, and most funds will hold part of their assets in this form.

<h2 dir="ltr" style="line-height:1.8;margin-top:18pt;margin-bottom:10pt;"><span style="font-size: 16pt; font-family: Montserrat, sans-serif; color: rgb(0, 0, 0); background-color: transparent; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">Transition from Trading to Practicality</h2>

<span style="font-size: 16px; font-family: Montserrat, sans-serif; color: rgb(0, 0, 0); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">Many companies that call themselves cryptocurrency exchanges are actually brokerage firms. In the 2010s, cryptocurrency investments and currency trading defined much of the market activity. In the 2020s, the market structure should increasingly resemble the traditional financial world.<span style="font-size: 16px; font-family: Montserrat, sans-serif; color: rgb(0, 0, 0); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">At the same time, we believe that new companies created in the crypto space will be more focused on the benefits and practicality of digital currencies. More and more people are using crypto in everyday life (applying for crypto debit cards, buying and earning money by selling goods, taking out loans, and paying for purchases with cryptocurrency).

<span style="font-size: 16px; font-family: Montserrat, sans-serif; color: rgb(0, 0, 0); background-color: transparent; font-style: italic; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">In 2019, GiveCrypto.org made payments in cryptocurrency to 5000 people in Venezuela. Over 90% of them were able to make at least one transaction with a local store that accepts cryptocurrency or with a local money withdrawal partner. This indicates that tools have begun to overcome the convenience threshold in emerging markets.

<h2 dir="ltr" style="line-height:1.8;margin-top:18pt;margin-bottom:10pt;"><span style="font-size: 16pt; font-family: Montserrat, sans-serif; color: rgb(0, 0, 0); background-color: transparent; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">Changing the Business and Startup Industry</h2>

<span style="font-size: 16px; font-family: Montserrat, sans-serif; color: rgb(0, 0, 0); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">In this decade, we should see how cryptocurrency startups operate. Just as offline companies have actively digitized and moved all processes online, businesses must transform and create a global concept of the crypto economy. Crypto startups will define three things:<p dir="ltr" role="presentation" style="list-style-type: disc; font-size: 16px; font-family: Montserrat, sans-serif; color: rgb(0, 0, 0); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre; line-height: 1.38; margin-top: 0pt; margin-bottom: 0pt; margin-left: 80px;">- business platforms will be deployed on the blockchain;

<p dir="ltr" role="presentation" style="list-style-type: disc; font-size: 16px; font-family: Montserrat, sans-serif; color: rgb(0, 0, 0); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre; line-height: 1.38; margin-top: 0pt; margin-bottom: 0pt; margin-left: 80px;">- investments and profits will be collected in cryptocurrency. In our blog, we have already described <a href="/en/blog/view/index/post/96" style="text-decoration-line: none;"><span style="font-size: 16px; color: rgb(60, 120, 216); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">how crowdfunding campaigns are conducted in crypto</a>;<p dir="ltr" role="presentation" style="list-style-type: disc; font-size: 16px; font-family: Montserrat, sans-serif; color: rgb(0, 0, 0); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre; line-height: 1.38; margin-top: 0pt; margin-bottom: 10pt; margin-left: 80px;">- author currencies will be developed everywhere (possibly as limited currency for VIP users and shareholders).

<span style="font-size: 16px; font-family: Montserrat, sans-serif; color: rgb(0, 0, 0); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">Cryptocurrency projects will create global markets and communities at an incredible speed. Gradually, cryptoeconomics will take over several countries, digital currency will become a familiar way of payment for purchases and services for ordinary people, new rules and laws will be universally accepted.

<span style="font-size: 16px; font-family: Montserrat, sans-serif; color: rgb(0, 0, 0); background-color: transparent; font-style: italic; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">China has already started digitizing the yuan and actively investing in blockchain technologies. The USA wants to catch up with them and are actively discussing how to digitize the dollar.

<span style="font-size: 16px; font-family: Montserrat, sans-serif; color: rgb(0, 0, 0); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">Since around 2017, during the peak of cryptocurrency popularity, digital currency has become increasingly popular among MLM projects (as a means of payment).

<h3 dir="ltr" style="line-height:1.8;margin-top:16pt;margin-bottom:10pt;"><span style="font-size: 14pt; font-family: Montserrat, sans-serif; color: rgb(67, 67, 67); background-color: transparent; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">Conclusions</h3>

<span style="font-size: 16px; font-family: Montserrat, sans-serif; color: rgb(0, 0, 0); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">Both economically strong and poor countries will gradually adopt new rules of the game. By the end of the decade, there will be a noticeable shift of governments and state institutions towards crypto-economics, and most technological startups will have a cryptographic component.

<span style="font-size: 16px; font-family: Montserrat, sans-serif; color: rgb(0, 0, 0); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">If you have any questions regarding the import of blockchain technology and cryptocurrency into the business processes of your company, the specialists of the team<a class="tawk-chat-blog" href="/en/" style="text-decoration-line: none;"><span style="font-size: 16px; font-family: Montserrat, sans-serif; color: rgb(0, 0, 0); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;"> <span style="font-size: 16px; font-family: Montserrat, sans-serif; color: rgb(60, 120, 216); background-color: transparent; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">FlawlessMLM</a><span style="font-size: 16px; font-family: Montserrat, sans-serif; color: rgb(60, 120, 216); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;"> <span style="font-size: 16px; font-family: Montserrat, sans-serif; color: rgb(0, 0, 0); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">will help and advise. Contact our manager in the website chat (<a class="tawk-chat-blog" href="/en/" style="text-decoration-line: none;"><span style="font-size: 16px; font-family: Montserrat, sans-serif; color: rgb(60, 120, 216); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;"><a href="flawlessmlm.com"></a><span style="font-size: 16px; font-family: Montserrat, sans-serif; color: rgb(0, 0, 0); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">) and learn more about solutions for your business.

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