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January 06, 2018, 06:14:24 PM |
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The following article is an exclusive contribution to CoinDesk’s 2017 in Review. Without a shadow of a doubt, this past year has been huge for cryptocurrencies and the blockchain technology. Whatever the future may hold for Satoshi’s brainchild and all that it has given birth to, 2017 will forever hold a singular position on the timeline of events in the crypto world. But as a new year approaches, the urge to get caught up in all that has happened over the past 12 months could prevent us from considering what 2017 did not bring – and why. Admittedly, it is hard not to be mesmerized by the numbers: the more than 1,300 cryptocurrencies, the $700-plus billion market cap they have produced or the eye-popping ICO raises of Tezos, Filecoin, Bancor and others – oh yes, and the gut-wrenching ride of bitcoin’s price as it climbed over $20 000 – and fell back down. And yet, it is worthwhile taking a step back and considering what is still missing and what exactly this might mean for the year that is almost upon us.
1. We did not see mass adoption of blockchain for enterprise 2. We did not see a clear distinction between blockchain, tokens and cryptocurrencies 3. We have not yet seen self-regulation take hold 4. We do not have inter-chain operability.
Source: Coindesk
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