Jun Hasegawa is the founder and CEO at OmiseGo, which is a billion-dollar blockchain network that will launch on top of the Ethereum protocol. As of recently, he outlined the future of Ethereum and the roadmap of its growth in the coming years.
Hasegawa said that Ethereum is moving forward at a good pace. He knows that 2017 was a year of speculation for both Ethereum and projects launched on top of the blockchain protocol. In times when Initial Coin Offerings (ICOs) and token sales garnered billions of dollars per quarter, the amount exceeded the amount of money that companies in the crypto and blockchain space raised from accredited investors.
Ethereum increased in value 150-fold, rising from $10 to $1,500 within a 12-month period. However, the third-largest correction in market history hit and led Ethereum, along with many other leading altcoins to lose 70% to 90% of their value.
However, according to Hisegawa, the correction has allowed the market and developers to build products and scaling solutions to support the next rally.
The co-creator of Ethereum, Vitalik Buterin, also advised the OmiseGo network since last year. Just like Hisegawa, he is confident that the $500 billion market cap of cryptocurrencies cannot be justified without the huge impact on the finance sector and the massive potential of blockchain right now.
As Buterin noted:
“So total cryptocoin market cap just hit $0.5T today. But have we earned it? How many unbanked people have we banked? How much value is stored in smart contracts that actually do anything interesting? The answer to all of these questions is definitely not zero, and in some cases it’s quite significant. But not enough to say it’s $0.5T levels of significant. Not enough.”
Hasegawa, on the other hand, emphasized that the next two years will be crucial for Ethereum when it comes to real business adoption. He is confident that the network will see more large-scale decentralized applications (dApps) and massive scaling, as well as adoption by the government. As he wrote:
“2017 : Speculation (ICOs)
2018 : PoC / Ecosystem bui;d / Scaling solutions ( L2 #Plasma #OmiseGO/ L1 #Sharding #Casper ) / Interchain protocols
2019 : Real business adoption / UIUX focus tools / More Dapps
2019 to 2020 : thereum massively scale and used by gov. We will see huge difference between real adoptable protocol and toxic speculation project.”
Constantinople Hard Fork Will Launch In Late February: Core ETH Developers
Nearly 1.5 Million People Used dApps In 2018, More Than A Half Being On Ethereum
"TRON is the most ambitious in the dapp field, with a $2 billion Project Genesis launched in the second half of the year. In addition, it spends $100 million on TronArcade to promote its dapp ecosystem."TRON (TRX) launched 97 decentralized applications in 2018, while its ecosystem and community have been growing at an alarming rate. This week, TRX was added to OKCoin, which is one of the largest US exchanges, in order to be traded against fiat, Bitcoin and Ethereum. The report also showed that gambling accounted for $3 billion in transactions over the course of 2018 in dApps.
Coinbase And Kraken Officially Supporting ETH’s Constantinople Hard Fork
“Coinbase intends to support the Constantinople Ethereum (ETH) upgraded. Upon commencement of the upgrade, for security and technical purposes, we will temporarily pause sending and receiving ETH across all of our trading platforms until the upgrade completes and we confirm security of the network.”Kraken also confirmed the support of Constantinople in a tweet, adding that the exchange "expects that this will be a non-contentious fork" and will not spark competing ETH chains like the Bitcoin Cash hard fork which occurred in November.
“Kraken will be supporting this. No new coins will be credited to ETH holders as we expect the old chain will quickly become obsolete," the exchange said on Twitter.Meanwhile, ETH/USD has been seeing short-term support in the run-up to the hard fork, seeing the largest gains in the top twenty cryptocurrencies over the past 24 hours and surging by 8.7%.
TrustToken (TrueUSD) Develops A New Method For Managing Client ETH Addresses For Crypto Exchanges
"While exchanges are currently able to set up individual addresses for users, there is no standardized process for the backend accounting for how these accounts are settled, and each transaction requires gas payments. AutoSweep is the first implementation of an ‘alias’ feature for an Ethereum-based token and allows exchanges to significantly improve both the accounting structure and save on time and gas cost by automatically sweeping user accounts to the central wallet."The press release also includes a diagram on how the process works. According to the lead engineer, "the AutoSweep features have big implications for the Ethereum blockchain more generally and could be applied to any ETH token." All of this could make ERC-20 token trading cheaper and help exchanges to benefit from a new discovery, saving thousands of dollars on behalf of their customers through gas savings.
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