It’s been a very interesting year, to say the least. The coronavirus pandemic has changed our day-to-day lives more than we could ever imagine and the world of crypto has hit new highs with bitcoin surpassing $20,000 earlier this month.
We hope you had a good Christmas and as we get ready to enter 2021, I think it’s safe to say many of us will be waving 2020 goodbye with a happy face.
The technology behind bitcoin, blockchain has also had an interesting year. Many big companies are looking at adopting the technology thinking it will help advance their business methods and they wouldn’t be wrong.
If you’re new to the industry, blockchain may be a word that is new to you, you are familiar with it but still have no idea what it is.
Essentially, it powers everything. Bitcoin, ethereum, and so on. Without it, you wouldn’t have cryptocurrencies.
In 2021, or we see Blockchain grow even further?
More than likely, the answer is yes. With coronavirus still impacting many countries all over the world, touching technology could seriously help with speeding The recovery of the economy. Yes, a vaccine has already been deployed in countries like the United Kingdom with a 95% success rate but the economy is going to need something a lot more to help recover.
On top of this, institutional investment has been massive this year. Many big companies have been getting on the bandwagon and are more likely going to be staying for the foreseeable.
For blockchain though, there is a hope that over time, complete industries will be using the same technology to help firms connect.
For more news on this and other crypto updates, keep it with CryptoDaily!
© 2020 CryptoDaily All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.