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Crypto Trends to Watch in 2020

2020 Crypto Trends

June 21, 2020 | 

JOHN K MWANIKI |  0 Comments| 

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The developments in the crypto world have been so rife in recent years. The Crypto Trends are ever-changing with different blockchain systems and the entry of new coins.

All the ardent crypto followers have to keep updated on the trends. You learn if there is a need for changing investment strategies or any other concerns with the directions.

Here are the trends to watch for in 2020;

Crypto Trends Friendly Regulations

Regulation is one of the most contagious issues in crypto since inception. First, given that the coin is anarchy to most governments, they have never been so sure how to handle it.

Second, even though the coins come with several benefits, it also comes with its fair share of challenges. Any unregulated money is susceptible to money laundering and other crime-related activities.

Most governments had earlier been so strict on the operations of coins. Otherwise, with a changing dynamic and understanding of the coins' benefits, they are willing to provide better regulations. For example, India is ready to stop the hard-liner crypto operation laws and use the coins.

Crypto Trends are also becoming mainstream in most economies and require friendly regulations to flourish.

Coins Going Big on Privacy

Data has become so important in recent times, with some people referring to it as the new oil. Most companies are using the data for targeted advertising and political reasons.

With the revelations of how companies like Cambridge Analytica can manipulate data, people become more aware of their data and the need to protect it. That is why most coins are opting for more anonymity.

Several top coins like Monero, Dash, and Litecoin have expressed an interest in introducing more privacy protocols. Still, the movement comes with several hurdles as the governments discourage privacy. For now, it's the best way to ensure more secure transactions.

Crypto Trends: Lightning Network

The primary concern in the crypto world has been scalability. Even though earlier, the speeds of 7 transactions per second for Bitcoin were good enough, the increased number of users is an issue. The rates have become so slow while the transaction costs skyrocket.

The coins are angling the idea of creating a different layer protocol outside the central currency system to solve the scalability issues. From this point, the various parties can transact severally while recording it as one. The system allows for faster transactions and exchange of different crypto coins.

Crypto Trends: Increased of Emerging Markets

Since its inception, crypto has been significant in North America and the European countries. That is now changing with several emerging economies embracing the digital coins as a preferred payment platform.

Countries like Malaysia have been leading on the uptake of the Crypto Trend. It has already introduced a crypto-friendly nation with several transaction points. Asian countries like Japan and China have also gone big on the coins. All the countries are in a race to have secure and faster transactions for better economies.

Increased Uptake of the Crypto

While there has been a steady increase in the crypto use in recent years, 2020 Crypto Trends seems to be the year of rising even further. After the Coronavirus virus scare, most investors have seen the coin's resilient nature and are willing to give it a try.

Apart from private investors, companies are also looking to use crypto as a payment method. Amazon and other leading companies are already testing the possibility of using Bitcoin in their systems.

By the end of the year, most corporations would follow the Crypto Trends using cryptos and other blockchain systems for more privacy and faster transactions.

Bottom Line

Crypto Trends in the crypto world growths as significant as it has always been and nothing seems to stop it. Corporations and nations alike are warming up to the coin with excellent results.

2020 Crypto Trends promises even more changes. The coins are looking to eliminate the scalability issues by the introduction of the lighting network. They are also looking to improve user experience by going bigger on privacy.

Still, there is more to expect with the possibility of newer systems like Ethereum 2.0. Also, it might be the year when Facebook, at last, launches its much-hyped Libra.
 

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