In his 2024 New Yr message, HashKey Group CEO Xiao Feng shared his views on the highest 8 business developments for the approaching yr, primarily based on the primary ideas of blockchain.
Feng examined the evolution of record-keeping strategies, from the primary ledger that appeared in Sumer in 3500 BC to distributed ledger information that emerged within the digital world with Bitcoin in 2009 AD. He acknowledged that social and financial adjustments have been tailored every time.
Feng recognized a number of key developments for the blockchain business in 2024:
- Ethereum Continues to Lead: Feng predicts that Ethereum will proceed to steer blockchain expertise innovation and nobody can match it.
- Maturing Layer 2 Know-how: Blockchain’s layer 2 expertise is maturing and supporting the rise of functions with particular eventualities and actual worth.
- Rise of Cryptoeconomics: Cryptoeconomics has clearly turn out to be a science, with the token financial mannequin exhibiting nice actual worth in supporting the true economic system and technological innovation.
- Evolution of Bitcoin Ecosystem: Whereas Lightning Community’s fiat stablecoin fee clearing system is one thing to look ahead to, success can solely be achieved by following Bitcoin’s core options, based on Feng.
- Developer-Centered Networks: Blockchain is a developer-focused community, not a consumer-focused one. All main blockchain networks are aggressive, and those who acquire extra developer help can thrive.
- Logic Underlying Bitcoin Rally: In accordance with Feng, the underlying logic of this Bitcoin rally is anti-inflation within the developed economies of Europe and the US, pushed by safe-haven demand amid geopolitical turmoil.
- World Digital Immigrant Growth: The worldwide digital immigrant growth is about to start, with international locations scrambling to launch “digital immigrant visas” within the race to turn out to be a worldwide expertise and innovation hub.
- Decentralized Bodily Infrastructure Networks (DePIN): DePIN bridges the true world and the digital world, connecting off-chain and on-chain.
*This isn’t funding recommendation.