Blockchain Technologies in 2020 - Evolution of Cryptocurrencies and DApps

Blockchain Short History

Year 2020 is more interesting than ever! Especially for those who use Internet and Technologies by their side. If you own a business, startup company or plan to invest in something profitable, Cryptocurrency is your SPOT ! More stable than ever, without third party taking huge commissions for transactions and handling fees. 

Blockchain Illustration - represents best and simple how the process goes:

• Most independent currency unit worldwide
• Stable status on the market
• Built strong support network (miners)
• High security protection
• Gaining more and more followers worldwide
• Banks already accept it, use it and exchange it
• You can buy it even offline (Bitcoin Cash Machines)

Type of Cryptocurrencies and Digital Assets:

SHA-256-based (Bitcoin)

Ethash-based (Ethereum)

Script-based (Litecoin)

X11-based (Dash)

PoS-based (EOS.IO)

ERC-20 tokens (The DAO)

But you already know that if you live in locations like:

Switzerland, Slovakia, Argentina, Ghana and Netherlands. These top 5 countries are highly interested in Blockchain technologies, Cryptocurrencies or Digital Money.

 Back in 2008 when Bitcoin was created and changed everything in money game worldwide. Couple of years after Internet society refused to accept this new digital way of payments.

Banks were in unofficial war with Digital Currency philosophy and refused long time to integrate this digital miracle in their systems. Afraid of losing their big commissions and control over individual and corporate clients. Underestimation of Blockchain technology led these organizations and companies to surprising scenario - more and more people today turns to this cheap and secure way of doing payments worldwide. Flexibility offered by this new technology algorithm won the battle of resistance. 

Today we see these banks acting "Friends" to Bitcoin especially. If you see yourself as Modern Individual, then you must have Digital Wallet and Bitcoin Money inside it.

Buy-Sell Strategy:

One 1 Bitcoin value raised more than 17000 times, from 1 dollar to 17 000$ for 1 Bitcoin. The point here is if you plan to buy and sell Bitcoin specifically you're already late to do that. Alternative cryptocurrencies buying will be your strategy probably, because they cost less. My advice is to research all alternative cryptocurrencies before spend a lot of money for it. Keep in mind that Bitcoin already break the records in this area, so nobody can't guarantee you that another one can do that again soon. If somebody predicts abnormal raise of alternative cryptocurrency - don't believe him. If you do it, it's at your own risk!

Most Valuable Cryptocurrency is not Bitcoin, as you suggest, but one not so popular one - 42 COIN - 1 Unit costs 12 322 $ at the moment! See the screenshot below:

You need to Download and Run PC version or MAC. This coin price is stable so you don't have to worry about this issue.

Blockchain Formation Model:

The main chain (black) consists of the longest series of blocks from the genesis block (green) to the current block. Orphan blocks (purple) exist outside the main chain. Source: Wikipedia.

> You have Genesis Block (original) , Main Chain Blocks and Orphan Blocks as structural units, building one strong encrypted process of sending digital money to another user.

> You have Miners(defenders of crypto money), ensuring your transaction and privacy are safe.

Terminology in Blockchain world:

*Peer-To-Peer Financing - independent decentralized network of financial transactions

*Ledger - public record of digital currency transaction

*Blocks - components building Blockchain technology

*ERC-20 Tokens - flat digital currency type like The DAO, Kodak Coin

*DApp - Decentralized Application , often made in Java, offering independent existing on Device or  Cloud Servers.

*Tokens - Unique Digital Assets kept in Digital Wallets

Blockchain Platforms:

Corda®

NEM®

Multichain®

Tangany®

IBM®

Oracle®

Corda PC Demo App - Local Web Server written on JAVA

Above platforms are either Open Source or not, but the main purpose is to reduce costs and simplify business operations, improve operations and security issues, which is key to successful company model in 2020. Keep in mind to research which one is best for your business needs.

Big Players Investing in Blockchain Tech:

SAMSUNG® - we're expecting Mobile Solutions giant from Korea to integrate fresh new functionalities connected with Blockchain technology this year. Not confirmed or announced but unofficial known. The company silently get in the game with Blockchain Tech and Decentralized Apps Technology.

Clever Investors are going trough this path long time ago before Samsung (since 2012):

IBM® and Oracle® develop integration of blockchain tech and successfully run live lots of services connected to this particular system.

Usability of Tokens:

You can use token as a discount or reward tool to drive sales, create brand identity
open marketplace system to power digital economies.

Social currency is a term that's now used in the context of social media, but also encompasses the broader idea of basic social interactions, both online and offline. Social currency refers to the value that people have built up in terms of their interactions and their potential for social influence or success. One good example of using social platform and digital cryptocurrency together is Facebook digital currency Libra® - not yet running, but we expect it go live this year. How this will impact user experience is a matter of time to find out.

Video Games industry

Playing valuable role in games and gamers life - blockchain tech is welcome here, enrich possibilities for users and game producers. Gaming society is happy to have it on their side. Cheaper for users and more profitable for industry, it is 100% guarantee that this industry will support Blockchain and Token system from now on.

Copyright Benefits

Musicians can take advantage of Blockchain tech to sell their audio tracks with wide variety of supported cryptocurrencies.

Crypto Trading

Financial Crypto Market is place where you can Buy and Sell digital money and assets. You can do this over Web interface or through Mobile App too. Everyday newborn networks offer this type of service, expanding support and variation of provided services. Depending on of your physical location you can pick between different trading markets.

Donations and Charity

Widely used in the donations, cryptocurrencies allows more online users to donate and support different causes, secure and easier, with no third side parties involved which reduces total costs.

Jobs

Recent researches reveals that Developers wanted for DApps development raised almost 20% last year. This is good news for people looking to work here in the world of Digital Crypto Environment. Statistics are more than clear, this sector is constantly evolving and interest getting higher last few years.

Conclusions

The subject of Blockchain Technology is wide spread among online communities and users worldwide. It can be discussed more and more - every day. One is sure - Perspectives are huge and how you can use the advantage of - it's up to you!