5 blockchain technologies to watch in 2020

5 blockchain technologies to watch in 2020

2019 was a quiet year for cryptocurrencies and blockchain technologies.

After the Bitcoin crash of 2017/2018, the lure of cryptocurrencies faded quickly, and it never really regained any momentum.

Yet, despite the aftermath, many tech evangelists continued to work on some amazing crypto projects and have produced a vast array of fantastic tools and digital opportunities.  The trading markets have also picked up with volumes now at all time highs (30% of supply!).

2020 will be a year when the realities of many Cryptocurrency projects will start to materialise.

It’s also when we experience a Bitcoin halving.

What’s the difference between blockchain technologies & cryptocurrency?

Blockchain is the technology that supports the distributed ledger, which is the network that allows people, companies, and things to transact. It also enables the transfer of value and information.

Cryptocurrencies are the tokens you use to interact with the blockchain technologies, and these are what were so fervently traded in 2017/2018 (USD$48bn was traded daily!) The main distinction is that the value of Blockchain is in the technology itself.

Here are our picks for the top 5 Blockchain technologies to watch in 2020:

BITCOIN

Bitcoin is one to watch as the 3rd Bitcoin halving is due to happen around May this year.  Each halving has seen a delayed price spike of at least 10x.  However, this time round, the fundamentals at play are different.  The value of Bitcoin traded daily is USD$23bn, which is a staggering 20% of all Bitcoins in circulation.  Miners are incredibly invested with countless millions of dollars worth of mining rigs cranking away in huge mining farms around the world.

TEZOS

If Etherium was Bitcoin 2.0, then Tezos is definitely Bitcoin 3.0!

Tezos has incorporated all the learnings from their predecessors and take security and governance of blockchain technology to the next level. Its key features are that it uses Proof-of-Stake, has On-Chain Governance, and, most importantly, it’s stakeholders govern the protocol and implementation of future innovations.  Tezos has garnered a huge community following since its inceptions, and the future is looking bright.

Website: https://tezos.com/

NIX

NIX provides a platform that has cross-chain compatibility with a highly secure yet optional privacy protocol.  In short, you will be able to exchange any crypto for any other crypto via NIX and choose whether the transaction is anonymous or not.

The benefit is amazing; there’s no reliance on centralised exchanges as their DEX manager promotes fully private atomic swaps, avoiding the need to use (and thus pay) a 3rd party exchange. Imagine that! A free, instant, and private currency exchange all via your smartphone.

Website: https://nixplatform.io/

SHIPCHAIN

Everyone has experienced the fragility of the logistics industry at some point in their life.  The focus of SHIPCHAIN is on providing a blockchain platform that accurately tracks and traces parcels from start to finish.

The benefit is that the Blockchain provides a transparent, trusted, and immutable record of what’s actually happening.  Whilst this won’t solve the problems of late deliveries, it levels the playing field for the consumer by giving them the right information at the right time.

Website: https://shipchain.io/

blockchain technologiesGENESIS VISION

Genesis Vision is a trading marketplace that brings together inexperienced investors with professional brokers, traders, and investors.

Of course, this is nothing new; however, the added ingredient for GVT is transparency.  Lack of trust and centralised control was what fuelled the creation of blockchain technology.  These guys have gone full circle by providing a trading platform that is open, transparent, and decentralised.

Website: https://genesis.vision/

SUMMARY

Our top 5  picks are based on our views only, and we would strongly recommend you DO NOT use this information to base any decisions on.

There are thousands of other projects out there that do all sorts of amazing and impressive things.

There are also some that do absolutely nothing, like this one: Useless Etherum Token (https://uetoken.com/), which highlights how crazy the world of crypto can be.

If you are considering ‘investing’ in Blockchain, we’d suggest you do a LOT of homework beforehand.

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