In the market for crypto prices, investors often struggle to keep cool from their headaches and midnight market analysis portfolio. I'm getting my losses?
Blockchain in the Crypto-Winter
Crypto and blockchain is dead! The extremes of the mega-hyped crypto bull and now This is of course not true. Mature market in which only the fundamentally strong projects survive. It is distracting from a straightforward fact; blockchain remains to be the next big thing to disrupt business and industry.
2018 without any massive breakthroughs being made. And yes, billions have been invested around the globe, with many of the world's most innovative start-ups and established companies are exploring the technology – the sticking point being, there are very few use cases that have gained mass adoption. Yes, having a robust infrastructure that is legally compliant goes to long the token economy in blockchain remains very much alive.
Just think about the following. In today's business world, many companies interact with each other. Distributed Ledger Technology (DLT) on the blockchain can be used to document transactions in an open, distributed, and real-time database, helping reduce delays, increase transparency, and reduce human errors. In the complex world of supply chains, for example, companies are always looking for ways to reduce the time and costs of moving products. DLT can cut out the need for multiple and inefficient record keeping methods and practices to ensure everyone on the supply chain has the same information in real-time, cutting out unnecessary waste.
One of the biggest criticisms of blockchain is its environmental credentials. Bitcoin and many other cryptocurrencies use the "proof-of-work" consensus mechanism to secure its blockchain, and that requires a lot of energy. Developers are building other consensus mechanisms. Proof-of-stake requires users to wager that their version of the blockchain is correct and could eliminate the need for power-hungry .
Solving these issues will go a long way in boosting the real-life use of blockchain in business. The "green light" to move forward with the development tools within the full support of the government in their operating market.
Will Cryptocurrencies Survive?
Is crypto dead? Maybe yes, maybe no. But it will not be a problem, but only for solutions addressing these issues outlined above: A mass-adoption use case, that solves the technical shortcomings, with an answer for the legal question marks.
One project that checks these boxes is lition. Peer-to-peer peer-to-peer energy trading use case tradially, and now they are using their knowledge to develop the new German blockchain law on tokenized securities, together with the national government.
They are also solving the technical shortcomings by creating the world's first scalable public-private blockchain with the use of data. To develop this, Lition has teamed up with LD Capital. Now, they're preparing for their ICO in March to secure funding for a broader, international roll-out.
The more crypto prices keep falling; a deep technical layer in a legally compliant environment.
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