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The current year has been quite favorable for the blockchain development industry. The result of the past year shows that there has never been a better time to start a blockchain-based project.
This review presents an analysis of the most important events in the crypto market and explains how it will affect the blockchain development industry. In this article, we will also share some predictions on blockchain technology for 2021.
Upcoming blockchain platforms
A number of recently implemented technology approaches and upcoming blockchain solutions offer suggestions for blockchain trends in 2021.
Ethereum 2.0 launched
Questions about improving Ethereum have been spinning in cryptocurrency minds for several years now. The comments and cons mainly focused on the issue of scalability, slow TPS, and the number of transactions allowed for a block – 12 is so few for today’s blockchains.
The basic concept behind the new Ethereum 2.0 version can be found here. The main goal of 2020 4Q was the launch of phase 0. This means Tag string the adoption and integration of the new Ethereum PoS launched on December 1, 2020.
The most important and long-awaited update for 2021 will be the planned introduction of Phase 1 and the integration of outlets and fragment chains (expected in the fourth quarter of 2021).
The world has never seen a transition from such a large ecosystem. Therefore, the emergence of many doubts and uncertainties seems quite reasonable. Along with the future implementation of partitioning, it will greatly improve the operating speed of the network and increase the throughput of transactions. This is why this Ethereum transition will rightly become one of the biggest blockchain trends in 2021.
Parachaines of Polkadot
“Polkadot is a fragmented blockchain, which means it connects several chains together in a single network, allowing them to process transactions in parallel and exchange data between chains with guarantees of security.” – Polkadot lightweight paper
In order to connect to the Polkadot ecosystem or create your own blockchain within it, a user must log into Relay Chain, which is a main blockchain for Polkadot. So far, five of the 100 parachain locations have been successfully connected. While 100 was initially set as the primary goal, there are some thoughts on voting to increase the number of slots allowed.
The greater number of slot machines are expected to be added gradually over the next few years. In addition, a significant number of projects previously deployed on Kusama testnet will initiate the transition to the Polkadot environment.
This change will surely have a big impact on the crypto market, as the overwhelming majority of projects built on the substrate (Acala, Moonbeam, Halva, Edgeware, Centrifuge, etc.) establish that joining Polkadot is one of the main goals. .
BinanceChain Burglary
BinanceChain launched its smart chain in the fourth quarter of 2020. The launch garnered a lot of attention and positive feedback from the community. Thus, this resulted in extremely rapid development by the dedicated community environment and the start of very promising projects like PancakeSwap DEX.
In addition, this chain is supported by Trust Wallet which is a very reliable player in the blockchain market. Their involvement was justified by one of the biggest airdrops to support Binance and its smart channel a few weeks ago.
The total value stuck in DeFi (TVL) started to grow and show very promising results at the end of December. In addition, Polkadot’s cross-chain ecosystem, with a renewed and …
News Highlights
- According to the source Ethereum, Polkadot, BinanceChain and more – Blockchain Technology Trends for 2021
- Check all news and articles from the tech news updates.
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