What Will 2018 Look Like for Blockchain?

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Cryptocurrency has become a huge hit as of 2017 and it continues to shake the financial world’s very core as we end the year strong. The underlying technology known as blockchain, is what the cryptocurrency systems all run on. A new report has come out detailing where the blockchain world could go in the upcoming year and what will happen with the new technology. The report states that “Some new Blockchains have introduced parallelization based on different topologies such as the fine-grained parallelization in directed acyclic graphs (IOTA, Byteball, Hashgraph) or true Blockchain splitting (Zilliqa). These projects will prove useful as they mature and gain in usage into the next year.


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However, we expect the parallelization of Blockchains based on block splitting to eventually prove to be more efficient because they have a chance of optimizing the ratio between the gains in task splitting to the need to reduce the surface of intra Blockchain communication between the splits.” These new splits have occurred with a relatively high frequency, and continue to solve the issue of scalability with cryptocurrency. The report further states that “Significant volatility and value swings will continue into the next year.


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Recently over the holidays we still saw a 30 percent swing in the values of the top cryptocurrencies within hours just as the Christmas holiday was about to start. With the commencement of ETFs and increased liquidity provided by these, more exchanges that are coming online, and more actual use cases that would mollify investment based buying and selling that results in major swings, the volatility will continue to decrease through the next year.” With the possibility of the cryptocurrency bubble bursting during the next year, it will be interesting to see where blockchain takes the world economy as we move on in time.

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