2024

Evolution

Rise

In his 2024 New Year message, HashKey Group CEO Xiao Feng shared his views on the top 8 industry trends for the coming year, based on the first principles of blockchain.
Feng examined the evolution of record-keeping methods, from the first ledger that appeared in Sumer in 3500 BC to distributed ledger records that emerged in the digital world with Bitcoin in 2009 AD. He stated that social and economic changes have been adapted each time.
Feng identified several key trends for the blockchain industry in 2024:
<ul>
 <li>Ethereum Continues to Lead: Feng predicts that Ethereum will continue to lead blockchain technology innovation and no one can match it.</li>
 <li>Maturing Layer 2 Technology: Blockchain's layer 2 technology is maturing and supporting the rise of applications with specific scenarios and real value.</li>
 <li>Rise of Cryptoeconomics: Cryptoeconomics has clearly become a science, with the token economic model showing great real value in supporting the real economy and technological innovation.</li>
 <li>Evolution of Bitcoin Ecosystem: While Lightning Network's fiat stablecoin payment clearing system is something to look forward to, success can only be achieved by following Bitcoin's core features, according to Feng.</li>
 <li>Developer-Focused Networks: Blockchain is a developer-focused network, not a consumer-focused one. All major blockchain networks are competitive, and those that gain more developer support can thrive.</li>
</ul>
Related News: <a href="https://en.bitcoinsistemi.com/bitmex-founder-arthur-hayes-lost-five-million-dollars-on-altcoins-sold-three-altcoins-bought-three-new-altcoins/" target="_blank" rel="noopener noreferrer nofollow">BitMEX Founder Arthur Hayes Lost Five Million Dollars on Altcoins: Sold Three Altcoins, Bought Three New Altcoins</a>
<ul>
 <li>Logic Underlying Bitcoin Rally: According to Feng, the underlying logic of this Bitcoin rally is anti-inflation in the developed economies of Europe and the US, driven by safe-haven demand amid geopolitical turmoil.</li>
 <li>Global Digital Immigrant Boom: The global digital immigrant boom is about to begin, with countries scrambling to launch “digital immigrant visas” in the race to become a global technology and innovation hub.</li>
 <li>Decentralized Physical Infrastructure Networks (DePIN): DePIN bridges the real world and the virtual world, connecting off-chain and on-chain.</li>
</ul>
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/8-predictions-for-2024-from-the-ceo-of-the-chinese-crypto-exchange-ethereum-will-remain-the-leader/" rel="noopener noreferrer nofollow">8 Predictions for 2024 from the CEO of the Chinese Crypto Exchange: “Ethereum Will Remain the Leader”</a>

8 Predictions for 2024 from the CEO of the Chinese Crypto Exchange: “Ethereum Will Remain the Leader”

Bitcoin Sistemi EN

Other articles published on Dec 30, 2023

Indonesian authorities shut down Bitcoin mining operations over electricity theft

Bitcoin Whales Reshuffle 14.5K BTC As Price Slips Below $42K, What’s Next In 2024?

Asset Managers BlackRock, Valkyrie, and Van Eck Revise Bitcoin ETF Applications

Goldman Sachs Reveals Bitcoin and Ethereum ETF Predictions for 2024!

DeFi 2024: Optimism abounds despite 2023’s challenges

Why Is Internet Computer (ICP) Price Surging: Analyst Anticipates 30% More Price Rise From Here

Join our free newsletter for daily crypto updates!