The Blockchain ecosystem is on fire. The past few years have been revolutionary for the technology, having it expand to multiple industries, including the financial sector. Experimental, yet innovative, the industry continues to change and adapt, shifting its focus.
2018 popped the bubble. Whilst some predicted that Bitcoin is likely to endanger traditional fiat currencies and banking systems, the world of crypto currencies faced a major turnaround. Some popular coins went down, others got up to speed and kept their positions stable.
Brock Pierce, the Chairman of the Bitcoin Foundation, gave his predictions of what’s coming up next.
Pierce shared that 2019 will be the year when development of dApps (decentralized applications) and STOs (Security Token Offerings) will be a major factor. Pierce found a correlation between the prices being up and down:
“When prices are up, little gets built because teams don’t stick around.”
Another huge crossover is between the world of crypto and the gaming industry. Because some early adopters of crypto were games, it is expected to become a major and inseparable part of the blockchain ecosystem. Do a little throwback to the times when games were purchasing virtual goods for games like World of Warcraft and Second Life.
To complete his predictions, Pierce mentioned another huge factor in adopting new technologies and making them mainstream and that is user-friendliness. Since the technology evolved to a point where users make payments and crypto transfers with no hassle, it’s time to focus on the design aspect and the overall user experience when interacting with the different applications.
Brock Pierce is a popular American entrepreneur, known for his extensive work in the cryptocurrency sector. His star has risen as a child actor in Disney Films, but retired from acting at 17 to pursue a career in technology and business.