As the hectic and for many terrible year for cryptocurrencies (2018) goes by, we should focus on more positive crypto news and see what are the things that will shape the future in the Bitcoin and crypto landscape.
Below, we are listing the hottest trends that are expected next year.
More than just a trend, stablecoins are growing and expanding. They will likely continue to be a thing in 2019, especially with the recent news which shows that Tether (USDT) packs some solid dollar bags at their Bahamian bank or the latest reports where Facebook is apparently launching a similar stablecoin in India.
Next up is scalability – particularly the limitations on cryptocurrency networks which became evident to everyone one year ago. Ever since CryptoKitties collapsed the Ethereum and Bitcoin fees and its confirmation times became excessively long, it was clear that scalability is needed. In the latest news on this topic, the Lighting Network for Bitcoin increased the block size for Bitcoin Cash – just like the Raiden Network did for Ethereum and the ERC20 family.
3. STOs vs. ICOs
A lot of people predict that Security Token Offerings (STOs) are likely to gain even more traction and even overcome the Initial Coin Offerings (ICOs) although data for the current trend doesn’t allow a proper comparison.
We hope that these trends helped you see how the future of cryptocurrencies will shape itself – at least from three angles – in 2019!
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Gold-Backed Russian Crypto Could Crush The USD Standard
“As for mutual settlements, we will consider, of course, a proposal on a cryptocurrency that is tied to gold. But, in my opinion, it is more important to develop settlements in national currencies.”Nabuilna explained that CBR is still unsure whether to use cryptocurrencies and how they could be launch into Russia’s monetary system but the idea of a zero-volatility digital asset is inviting:
“The CBR, in principle, is opposed to cryptocurrencies being launched into our monetary system. We do not see the possibility that cryptocurrencies fulfill the function of monetary surrogates. We have prepared an analytical report and will soon present it which will analyze what cryptocurrency is, what is happening in the world, what approaches different countries to have, and what regulation is envisaged. And, if the phenomenon of cryptocurrency in any perspective may cause risks to our macroeconomic stability, we need to understand that.”As noted in one of the best cryptocurrency sites, Russia is under significant economic sanction from the United States.
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