The cryptocurrency industry has made several big breakthroughs in 2019. With Bitcoin exceeding 400 million transactions, Facebook officially announced the issuance plan of Libra, and the total cryptocurrency market cap grew by 51% during the year. In addition, the Chinese President's declaration of support for blockchain technology showed that the importance of blockchain technology is recognized worldwide. Even major banks around the world have begun to positively review and commercialize blockchain technology. In line with this trend, various blockchain-based projects are showing great vitality. Let's take a look at some of the major projects you might want to pay attention to this year.
TRON (TRON-TRX)
Thanks to the successful acquisition of Bit Torrent, cryptocurrency exchange Poloniex and content platform Stemitt, Tron (TRX) is one of the most mentioned networks in the cryptocurrency industry. Of course, most of the content mentioned is of the unstoppable remarks of Tron's founder Justin Sun, who is called the guru of marketing, but Tron still remains the top 15 cryptocurrencies, has very high liquidity, and currently all Tether (USDT) accounts for the majority of transactions.
Skrill
Skrill, a subsidiary of a holding company called Paysafe, with annual sales of over $1.9 billion, is responsible for the online electronic payments space. Built over a long period of time, the portal facilitates international remittances and service payments in about 200 countries, and uses one of about 40 fiat currencies through Skrill e-wallet to use Bitcoin, Bitcoin Cash, Ethereum and Ripple. You can purchase cryptocurrency such as. Various merchants using Skrill can receive cryptocurrency as payment, and users can buy, sell, and convert cryptocurrencies to altcoins when they want with just one or two clicks. In addition, Skrill has gained full support from users because it has faster exchange processing and lower fees than general financial institutions. Skrill's CEO Lorenzo Pellegrino said in a recent interview that "there is no doubt that the cryptocurrency industry is starting to go wild around the world." It seems that it plans to keep this through.
Waves
Waves is an open blockchain platform and development tool set that supports web 3.0 applications and customized decentralized solutions for decentralized finance. Headquartered in Frankfurt, Germany, Waves is moving toward DAO-based governance, with high throughput and decision-making recorded on the blockchain. In addition, it recently announced the launch of a decentralized staking that allows users to own digital assets and earn unearned income as collateral. Waves has established itself as a DeFi launchpad that allows developers to create bug-free financial applications with programmable terms for supported smart assets. This platform benefited greatly from the addition of Dollar Neutrino (USDN), a stable USD asset in terms of algorithms applied to all DeFi dApps.
Simplex
Simplex is a company that provides a means of using fiat currency to major cryptocurrency exchanges such as Binance, OKEx, Huobi, BitMart and Poloniex. Fintech companies with EU licenses are considered the main means of linking the fiat world and the crypto world, allowing customers to use 19 popular fiat currencies to make various cryptocurrency payments. With a recent partnership with the cryptocurrency landing platform Celcius Network to expand support for cryptocurrency and fiat currency, and through a contract with payment provider BitPay, Simplex is definitely a product to promote the provision of a wide range of cryptocurrency services. I am doing my part.
FortuneJack
FortuneJack is a cryptocurrency casino gaming site that allows users to bet cryptocurrency in live sports or casino games such as slots, roulette and live dealer poker. Founded in 2014, FortuneJack is free to use, and is older than many of its competitors thanks to its large number of altcoins, a huge reward system, and a variety of games. Diamond Wild also offers a huge jackpot boasting a bounty of over 734 BTC (about $6.8 million).
ILCoin
Although Ilcoin's blockchain project is open source, it has strong stability against internal and external attacks, and has solved the most serious problems of existing blockchains: low scalability, bottlenecks and FIFO problems. Having reached a record block size of 5GB, Ilcoin offers the industry's highest scalability, and the protocol called RIFT has reached 23 million transactions per block and 10 times faster than Visa. Ilcoin, which guarantees a high level of security, provides an efficient and safe world's first 100% on-chain storage space for businesses based on a decentralized blockchain system. Along with this tremendous technology, Ilcoin is expanding its business in various fields such as games, payment methods and other DApps in 2020.
Plutos
One of Europe's most popular cryptocurrency payment applications, Plutos provides a reliable system for real cryptocurrency payments and has gained great trust among the cryptocurrency community. To do this, Plutos offers its customers a free virtual bank account and contactless Visa card with common features like European IBAN or UK account numbers. Most importantly, the project makes it easy to manage money and creates a mobile app that combines the world of digital assets with existing currencies, allowing users to store both fiat and cryptocurrencies in their Flute accounts. Flutus plans to add a variety of features throughout 2020 through major partnerships such as Airbnb and Skyscanner to provide both cashback and cryptoback to users.
Matic Network
Matic Network is a layer 2 scalability solution that utilizes a sidechain for Ethereum scalability. Earlier this year, Matic Network was listed on the Singapore exchange Biki, and Coinbase also added MATIC tokens to its cold storage platform along with BTC, LTC and LINK. Matic Network, headquartered in India, is already being utilized through partnerships with more than 40 Ethereum Dapps, aiming to solve the scalability problem in Ethereum by deploying a Plysma-based sidechain.
Sinovate
Synovate is a DAO-based open-source infinite node that provides a fully distributed and secure distributed ledger. More than 1250 connected infinite nodes burn coins while reducing the supply to 533 high transactions per second. It is an innovative community-based blockchain that shows 10 million blockchain transactions, 1 million downloaded wallets, and top 100 GitHub coding activities. In addition, Synovate provides innovative low-cost blockchain data solutions and various services such as decentralized crowd 3.0, blockchain email, direct message, proof of integrity, and proof of persistence.
Kapilendo
Berlin-based start-up Kapilendo has recently introduced digital securities finance to small and medium-sized businesses as a digital asset platform (KdaP) in a German state newspaper. The platform provides customers with operational software to issue new digital assets, and stores and manages them with high standards. Furthermore, Kapilendo's module incorporates legal know-how to enable companies to issue digital securities within a verified framework. Kapilendo recently received various awards for his achievements in the financial industry, including the German Excellence Award 2020 in the financial services sector as well as the Top-Innovator 2019. It is even more interesting that Kapilendo is moving toward integrating blockchain-based products into its product offering.
Wirex
Wyeth gives customers the power to spend their money their way. Wyeth provides an alternative to traditional financial institutions by connecting traditional finance and the new digital world on one open platform, enabling retail and corporate customers to purchase, exchange, and pay using both traditional and cryptocurrencies. . Wyeth, which has developed quite successfully since its inception in 2014, introduced a contactless Visa debit card in addition to multi-currency accounts and remittance/exchange services that can be accessed through the app, allowing you to exchange cryptocurrency cards wherever Visa cards are accepted. It was made available. Wyeth has processed more than $2.6 billion in transactions to date with over 3 million customers in 130 countries.
BitHolla
The listing price of cryptocurrency exchanges is quite expensive, and fees can exceed $300,000. Because of this, some cryptocurrencies have begun to build their own exchanges for the listing conditions of two exchanges, which are the minimum requirements for listing of the current popular platforms CoinMarketCap and CoinGecko. Through this, a new trend has emerged for easily building an exchange using popular white label exchange software kits, such as BitHolla's HollaEx Kit, which currently provides innovative cryptocurrency exchange solution services in Korea. With HollaEx Kit, anyone can create their own cryptocurrency exchange, and it provides a function similar to Kickstarter, which secures the exchange along with the function of creating a wallet and token. Exchange building tasks that used to take months for professional programmers can be completed in minutes with the HollaEx Kit.
The world of blockchain, the national core infrastructure technology of the 4th Industrial Revolution, has no time to get bored thanks to the fact that various projects are always created as discussed in this article. In addition to the major projects introduced, a number of projects are taking place around the world. What projects are you most interested in in 2020?