RATE Group | Banking & Payments Predictions 2020: Cryptocurrencies
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Banking & Payments Predictions 2020: Cryptocurrencies

10 May Banking & Payments Predictions 2020: Cryptocurrencies

Posted at 11:20h in Cryptocurrency News by

Cryptocurrencies are a form of digital currency based on mathematical algorithms. Encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds. Cryptocurrencies operate independently of central banks.  Bitcoin is the cryptocurrency that first introduced blockchain technology to the world.

Listed below are the top cryptocurrencies predictions, as identified by GlobalData.

Bitcoin will most likely have big news regarding its development rather than price movement as the space matures.

Ethereum will move more aggressively towards a Proof-of-Stake system and will implement sharding. This will make the platform a lot faster and more streamlined.

ICOs will most likely get another nail in their coffin. People are moving away from the ICO craze of early 2018 and looking for a more secure way to invest in startups with good potential.

The implementation and success of updates like Lightning Network  or Alchemy  will…

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