What will happen in the crypto industry after 2020

[mehadihasan123456]

Cryptocurrency is called the money of the future, and there are certain reasons for that. In 2020, despite the pandemic situation and the fall of the stock market, the value of digital currencies is actively growing (for example, Bitcoin has almost doubled in price in two weeks). Currently, we are seeing that in Russia, Ukraine and a number of other countries on all continents, cryptocurrencies are being legalized 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?

Scalability
In the 2020s, we will see blockchain move to a new level. Transaction viber data throughput should increase by several orders of magnitude. And once the global market sees the scaling speed and prospects of blockchain, the number of startups that will take this technology as a basis will increase proportionally.

Something like this already happened after 56 kbps modems were replaced by broadband (high-speed) internet access. That's when companies like YouTube, Uber, etc. came into their own.

Improving privacy
In most cases, it doesn't make sense to broadcast every payment you make to a transparent ledger. In addition to scalability, we'll see transaction privacy improve.

This is what happened with data transfer protocols. HTTP was expanded to HTTPS and installed by default on many sites instead of the outdated cryptographic TLS and SSL.