Crypto markets bounced significantly back. The blockchain industry went fully digital and awaits the Bitcoin halving. Some blockchain protocols already reduced their block rewards while others prepare to launch their networks.
The Covid-19 pandemic is omnipresent. Financial markets crashed, people are being laid off. Crypto conferences are canceled, crypto markets also experienced sell-offs on March 13th and MakerDAO received a “crypto-bailout”.
Central Bank Digital Currencies become more relevant. Tron acquired Steemit Inc. Hackers caused the IOTA network to temporarily pause, and others captured more than 900K USD from DeFi protocol bZx by utilizing flash loans.
The year 2020 started with Bitcoin’s 11th birthday, “Proof of keys”, and the launch of Nakamoto.org. The crypto market soared and industry leaders expressed their optimism for 2020.
2019 was a year of consolidation and building in blockchain. Bitcoin and Ethereum dominated while new layer 1 and middle-layer protocols got started. In 2020, exchanges, DeFi, gaming and industry consortia will drive adoption.
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