Blockchain Technology

Cryptocurrencies are not the latest web development technology. The concept of them appeared in 2004 and three years ago crypto trading market (based on blockchain technology) explored with investments. What should we expect in 2020? It is clear for many, that blockchain currency trading could not be ignored by the official authorities. The usage of them became significantly active within the past decade and major payment systems decided to accept Bitcoins and other currencies.

Number of Blockchain wallet users worldwide from 3rd quarter 2016 to 3rd quarter 2019 (Statista)

In 2019, over 34 million blockchain wallets are used globally. Blockchain technology also requires hardware and software support, legal regulation, and infrastructure for trading. So next year emerging web technologies are likely to cover those aspects. Blockchain operations should be secure, protected from hacker attacks and tech errors. Major banks are planning to develop algorithms for protecting valuable user data and keep crypto trading as safe as one with regular currency.

Peer-to-peer networking is likely to develop too. If the blockchain world becomes more trusted and accessible for people, it will cause revolutionary changes in the way people pay taxes, interact with governmental services, and build a professional relationship.


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