I haven’t written on here in a while, it’s been about three years. Mostly due to personal work and ventures that may have been keeping me a tiny bit busy. My eyes have definitely not left our beloved tech, neither should yours and here’s why.
Last we wrote, blockchain was for the majority of the world, banned (it still is in some places). Fear over crypto markets toppling, and furthermost, a really bad dip for a long winter. Today, we’ve progressed to seeing over 10,000 cryptocurrencies. Blockchain companies are going public, institutional adoption is eyed by the day, commercialization seems to be taken a rapid toggle with NFTs, and finally, a total market cap of over 2 Trillion dollars. Last we wrote, we were wishing for the 1T, comparing it to gold and other market caps of industries.
Where do we start after all this time?
I would believe we may have to work backwards from what’s happening right now.
Coinbase is going public tomorrow. Their direct listing will land their private investors a chance to instantly capitalize if selling is a plan. Being the largest operational exchange in the USA (Until Kraken head out to the field), Coinbase has definitely grasped the eyes of the global players. Remember, Coinbase was one of the first to allow several international markets to easily play the crypto game, with Earn.com‘s acquisition, they optimized on edu-payment features to lure in new comers into the crypto world while providing them with a bit of education about several protocols. Answer a few questions, and own some of the coins offered in the education feature.
Kraken might be the competitor lined up for Coinbase meanwhile Binance gets to watch from the Cayman Islands. Kraken is hosting wallets of all hacked users of MT. Gox. Now this exchange (filed bankruptcy in 2014) has finally settled to pay every Investor their coins back. Bitcoin back then was between $13 – $266 a coin. To sum that part, the OGs of crypto are getting some major coins back, loads of coins, hidden from them for a while with a thought they’d never get it back. This stance has changed; ball switches sides unexpectedly. The competition is on, this may be a reason behind Coinbase going public.
Binance, what a brilliant operation. Well thought through, profitable, and definitely the climax of the blockchain exchange industry. Very few will compete, but a lot will buy in. Binance Coin did what all utility coins should do, stake, support the network with a plethora of nodes, and growth is imminent from there. What a field day we’ve all had with Binance. The features list does not stop, the opt-ing in does not stop. Having their own stable coin with stakable features showcases great market opportunities for all new comers to the crypto investment realm.
Speaking of coins, bitcoin passing the $60K for an ATH. The halving events work their magic again, the double work, double optimization, and double the effort of bridging market entry for security blockchain, and of the NVT (Network Value to Transactions). We sit at 6.25BTC / block with the next halving event close to or in 2024 where mining profits drop to 3.125BTC / block. I bank by now, we’re hitting 100,000K on the next event. This doesn’t come with a simple price, for the crypto winter is imminent. I’ll leave that one for another day, but if you’re really interested to know what happens if you’ve Invested recently into bitcoin and it drops, Read This. Until today, every bitcoin fork follows these events triggered to btc, Dash maybe the exception to this unless if you’re masternoding. Although this would change by the time we have mined all bitcoins, we won’t be alive then, but our children or grandchildren may.
Ethereum is triggering it’s ETH2 “The Beacon Chain” and currently staking it at a 1:1 with ETH. Yet another protocol with a recent ATH. Ethereum currently needs massive amounts of nodes to sustain it’s updated protocol chain. There are still queries around its mainnet progressing if not enough validators opt-in and nodes aren’t sufficient. Many coins will have to rework protocols to validate themselves should ETH2 not pull through, staking is a beauty of transition from chain to another (mostly through sub chains) but is there another option for these coins…the answer is yes.
Stacks is bridging smart contracts and apps on the bitcoin network. Yes, an Ethereum on Bitcoin and the possibilities? A 1T+ marketcap and a plethora of opportunities. Making bitcoin programmable is big, earning bitcoin by stacking is even bigger. By using Clarity, a predicable coding language, preventing bugs and exploits. Genius, and currently a diamond in the rough.
It’s safe to say it is no longer early, we’re in the rush of commercialization and NFTs are helping. TopShot selling wild with glorious names on board, heard of Michael Jordan? OG unique CryptoKitties going for 300K a kitty, recent ones sell for about $65. The future seems to incorporate what is a “Non Fungible Token” into operations of all corporations of the world, finance and art is just the start. It reduces human errors to 0% and raises the efficiency, authenticity, security, and sometimes privacy to a 100%. Think about it, NFTs are units of data stored on a blockchain (For now let’s just think on ETH and BTC given their larger market caps). When this happens, it’s uniquely identified and therefore certifies that it is not interchangeable.
Now this brings us to CryptoQ8. Although not much has changed besides updating the bitcoin timeline, updating to a newer instant exchange service, and adding more coin options to your personal account wallets. During this revamp a new insider information page will be created and showcased to those who own a CryptoQ8 Account. If you don’t, get yours now while it’s free.
