Ryan Selkis, CEO of Messari, the crypto money research company, wrote the 2020 forecasts for the two giants of the crypto money market, Bitcoin and Ethereum. The highlights of Selkis’ forecasts summarized by CryptoNews are as follows:
- Bitcoin will continue to dominate the crypto narrative. Almost everyone outside the industry doesn’t care about anything but Bitcoin.
- halving their narrative may be little more than a self-fulfilling prophecy.
- In 2019, Lightning Network growth was disappointing, but Selkis thinks it could be much better in 2020.
- BTC layer 1 privacy enhancement is required and will be maintained. Messari’s president expects a soft fork in the third quarter and almost certainly makes Schnorr’s signatures possible by the end of the year.
- Bitmain will have a tough year. The world’s largest producer of Bitcoin mining equipment will not be able to realize its initial public offering in 2020, and the mining giant is now behind it.
- Mining will become profitable again And it will be energy saving.
- 2020, Bitcoin side chains it may be the year in which they can finally fulfill their potential.
- The position of international regulators against Zcash and Monero will be very important. In particular, Zcash decisions of government agencies will set a precedent on all crypto issues related to confidentiality.
- Ethereum 2.0 Not until 2022.
- Changes come to ETH 1.x. Since ETH 2.0 will be a brand new block chain, the transition will be chaotic and high risk. This means that the existing network needs to be updated to run the existing applications.
- Legitimate smart contract platform competition It can be experienced between Cosmos (ATOM) and Polkadot (DOT). K Almost all others are looked at with suspicion, Sel says Selkis.
- A potential revival of ConsenSys will be tremendous for ETH. Selkis predicts that nine-digit investment could come from a strategic partner like Microsoft, and that 2020 would be a good year for this big Blockchain software technology company led by Ethereum co-founder Joseph Lubin.
- Proof-of-Stake (PoS) The consensus algorithm poses a risk of centralization.