September 22, 2023

In 2020, the crypto industry will enter a new phase of development

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According to Blockchain Capital partner SpencerBogart, in 2020, the cryptocurrency industry will enter a new phase of development. A breakthrough will be made in the construction of the infrastructure necessary for the development of blockchain technologies.

A large number of transaction processing platforms will appear on the market, and existing blockchain networks will be upgraded to versions 3.0 and 4.0.

Next year Bitcoin will not only savedominant market position, but will also move in an upward trajectory. However, Bogart did not begin to indicate the maximum boundaries of the BTC spurt, confining himself to a statement on maintaining positive dynamics, Bloomberg agency notes.

Ethereum Network (ETH) will retain status next yearthe most popular platform among developers of decentralized applications (DApps). The analyst drew attention to the fact that this year Tron and EOS tried to compete with Ethereum, but nothing came of these projects. Until now, the Ethereum network is leading in the number of deployed DApps.

Bitcoin may have a serious competitor inthe face of the cryptocurrency project Libra. If the American authorities legalize the Facebook token, then Libra will be able to supplant even the digital version of the Chinese yuan, says Bogart.