In his 2024 New Yr message, HashKey Group CEO Xiao Feng shared his views on the highest 8 trade tendencies for the approaching yr, based mostly 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 data that emerged within the digital world with Bitcoin in 2009 AD. He said that social and financial adjustments have been tailored every time.
Feng recognized a number of key tendencies for the blockchain trade in 2024:
- Ethereum Continues to Lead: Feng predicts that Ethereum will proceed to guide blockchain know-how innovation and nobody can match it.
- Maturing Layer 2 Know-how: Blockchain’s layer 2 know-how is maturing and supporting the rise of functions with particular situations and actual worth.
- Rise of Cryptoeconomics: Cryptoeconomics has clearly change into a science, with the token financial mannequin exhibiting nice actual worth in supporting the actual financial system and technological innovation.
- Evolution of Bitcoin Ecosystem: Whereas Lightning Community’s fiat stablecoin cost clearing system is one thing to sit up for, success can solely be achieved by following Bitcoin’s core options, in keeping with Feng.
- Developer-Centered Networks: Blockchain is a developer-focused community, not a consumer-focused one. All main blockchain networks are aggressive, and people who acquire extra developer assist can thrive.
- Logic Underlying Bitcoin Rally: In keeping 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.
- International Digital Immigrant Growth: The worldwide digital immigrant increase is about to start, with international locations scrambling to launch “digital immigrant visas” within the race to change into a world know-how and innovation hub.
- Decentralized Bodily Infrastructure Networks (DePIN): DePIN bridges the actual world and the digital world, connecting off-chain and on-chain.
*This isn’t funding recommendation.
