[BTC/USD] Price Analysis: $10,000 for Bitcoin in 2019 — Is It possible? Of Course!
[BTC/USD] Price Analysis: $10,000 for Bitcoin in 2019 — Is It possible? Of Course!

ICON (ICX) To Take Part in DevStamp 2018 Event, South Korea

  • Yuri Molchan
    📰 News

    A short while ago, the ICON team published a post, saying they will be partaking in DevStamp 2018, the biggest event of the DLT developer community in South Korea

ICON (ICX) To Take Part in DevStamp 2018 Event, South Korea
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ICON is often referred to as ‘The Korean response to Ethereum’. In China, the same nickname is given to the NEO platform, while in Russia, this is said about Waves.

The DevStamp conference will be conducted in less than a week, on December 18 in Seoul, hosted by the Federation of Science and Technology Societies of Korea. This is where ICON (ICX) will be one of the major attendees.

The program of the event for ICON

The company’s CTO, Edward Ryu, will present some materials on blockchain and ICON and take part in a panel talk. The presentation will be about the development of the platform in the future. ICON’s partner, Nomad Connection, will also attend.

Ryu will be talking about ICON’s new ecosystem for implementing smart contracts (“SCORE”) and will touch upon the transfer protocol BTP (Blockchain Transmission Protocol). This is a solution developed by the platform for communication between blockchains.

The Nomad Connection reps will teach masterclasses on the use of SCORE within the ICON platform, as well as teach how to make sample codes and use them directly on the TestNet of ICON.

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ICON’s current market situation

Presently, the coin takes place number 41 on the top-50 list of coins. It is trading at $0.20, with a market cap of $95 881 260 and a daily trading volume of $3 903 426. The circulation supply totals 473 406 688 ICX. Over the last 24 hours, the coin has demonstrated a 2.80 percent decline, along with the rest of the market.

Among the coin’s recent major events was the participation of ICON in a DLT program launched by the government of South Korea. As part of this initiative, the company came up with three major offers for Seoul residents. Those included the ICON blockchain ID-card, ICON blockchain vote and ICON blockchain S-Coin payments.

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10 Major Blockchain Trends in 2019

  • Alex Morris
    📚 WikiCoin

    From the Internet-of-Things (IoT) convergence to startups for the unbanked — find out what to expect from Blockchain in 2019 with U.Today. It’s been more than ten years since Blockchain was introduced in Satoshi’s famed white paper. The technology has expanded far beyond cryptocurrencies, disrupting plenty of industries. We will reveal why Blockchain will stay no matter what happens to Bitcoin.

10 Major Blockchain Trends in 2019
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While cryptocurrencies took a hammering, 2018 was huge for Blockchain, the technology that underpins Bitcoin and a myriad of other coins. Blockchain has plenty of use cases outside of the cryptocurrency space with IBM, Oracle, and Amazon and other multi-billion dollar companies trying to capitalize on the disruptive technology. Now, it’s time to find out what major Blockchain trends will define the current year.   

STOs replacing ICOs

 Security tokens (STOs) have been a hot topic in the crypto space, and it looks like they will continue to be hot now that Overstock’s tZERO announced the launch of the new STO platform on Jan. 21. The Blockchain-powered platform will provide any company with the opportunity to raise funds by launching its own STOs. Prior to that, the startup made an announcement about the completion of its utility token distribution.
10 Major Blockchain Trends in 2019
STOs, which combine the best features of the stock market and cryptocurrencies, arose as a fully regulated alternative to ICOs, which turned out to be the passing fad of 2017.   

Tokenization creating more investment opportunities

The launch of the Estonia-based DEX, which buys the shares of the biggest companies in the world in the form of ERC20 tokens, proved that 2019 is all about tokenization. The Ethereum-powered startup will allow non-US investors to engage in the US stock market without any limitations pertaining to their location or investment amount.  
10 Major Blockchain Trends in 2019
Crypto startup Zilliqa also recently introduced Hg Exchange, a fully regulated exchange that allows accredited investors to buy US stocks.   

Tokenization already became a pervasive trend in 2018, going far beyond the stock market, but this is the year when pretty much everything will be tokenized – art, wine, real estate, etc.

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Blockchain and IoT forming an alliance

Back in January, leading digital security company Gemalto released a report that states that 23 percent of responders think that Blockchain technology could be a boon for securing IoT-powered devices. Meanwhile, almost 91 percent of businesses who do not utilize Blockchain consider making use of the technology in the future.

The number of IoT-powered devices is expected to reach 26.66 bln in 2019, but less than half of all businesses can detect whether their device experienced a security breach.   
10 Major Blockchain Trends in 2019
IBM also illustrated the benefits for this convergence with the help of their game-changing platform Watson IoT. Apart from bringing more security to the table, Blockchain significantly simplifies the task of managing different devices and increases the efficiency of the transaction.

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Wall Street transitioning from dabbling to actions

The fact that cryptocurrency prices took a nosedive in 2018 doesn’t mean that the global financial industry is going to suddenly give up on Blockchain. As U.Today reported earlier, Bakkt, the ICE-backed exchange, was supposed to go live in January, but its launch was eventually delayed due to the longest government shutdown in history. Speaking of other ‘big-fish’ players, NASDAQ and the NYSE plan to launch Bitcoin futures while also being keen on Blockchain. Since the crypto hub died down, there is a good reason to believe that 2019 will be the year of exciting developments in the Blockchain space.
10 Major Blockchain Trends in 2019

More decentralized exchanges appearing on the horizon

Decentralized exchanges, while actually living up to Satoshi’s vision, have numerous usability issues that take a toll on their popularity. There is no centralized authority that manages the users’ funds, but it’s also a double-edged sword problem – there is no way to revert a certain transaction if private keys are stolen or lost. Keep in mind that there are certain degrees of centralization. Case in point: the Bancor DEX, which suffered from a $13.5 mln hack, though Charlie Lee later claimed that no decentralized exchange can lose its funds.   
10 Major Blockchain Trends in 2019
With that being said, major crypto startups – from Binance to Tron – have launched their own DEXs in order to spearhead the shift towards decentralization in the crypto world.     

Governments will continue looking into Blockchain

The wide variety of Blockchain applications are being explored by governments across the globe (even those ones who are openly hawkish towards cryptocurrencies). China cracked down on Bitcoin, but this country is hell-bent on becoming the leader in the Blockchain race. Shanghai, Guangzhou and other major cities are all supporting Blockchain developments. As reported by U.Today, the Ministry of Industry and Information Technology (MIIT) launched an initiative to incentivize business who are working with the DLT technology. Moreover, there are specific Blockchain guides in China for educating government officials.
10 Major Blockchain Trends in 2019
Estonia is yet another country that is focused on the e-Estonia program that will digitize the government. Meanwhile, Dubai could become the very first government that is powered by Blockchain. The implementation of Blockchain could help Dubai save up to $1.5 bln per year by cutting the red herring and creating a fully paperless government.

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Blockchain-powered startups banking the unbanked

Africa, where a substantial part of the population remains unbaked, represents a breeding ground for different startups that utilize Blockchain technology in order to increase economic inclusiveness. The Rohingya Project went even further by using Blockchain to restore the identity of stateless Rohingyas and give them access to banking services.  
10 Major Blockchain Trends in 2019

Real-word use cases beyond fintech  

It is worth noting that Blockchain is the most disruptive technology of the last decade, but it remains unknown to the general public. Yes, along with Bitcoin, Blockchain was one of the buzzwords in the tech space, but it’s all about real-world adoption. According to PwC research, 84 percent of companies have dipped their toes into Blockchain, but they are not ready to embrace it due to numerous ‘trust issues.’ Those who will be able to integrate Blockchain into their businesses will turn out to be the true winners of 2019.
10 Major Blockchain Trends in 2019

Scalability becoming one of the main issues

Without a doubt, scalability is one of the major bottlenecks of Blockchain, which poses a major hindrance to mainstream adoption. That became very evident when CryptoKitties, one of the best-known dApps, created congestion on the Ethereum network. Bitcoin and Ethereum are only able to handle seven and 25 TPS (this level of scalability doesn’t hold a candle to mainstream payment processors in the likes of VISA).
10 Major Blockchain Trends in 2019
Hence, many promising solutions, such as sharding and sidechains, are expected to be implemented in 2019. Bitcoin’s Lightning Network (LN), for example, is witnessing growing popularity with major industry players, with an eye-popping 830 percent surge in half a year. LN will significantly boost Bitcoin adoption while solving scalability pain points.   

Blockchain jobs will become more common

Despite Bitcoin, the major use case of Blockchain, taking a hammering in 2018, the number of Blockchain-related jobs continued to grow throughout the year. Moreover, as reported by CNBC, the salaries of Blockchain engineers skyrocketed to $175,000 per year, which means that they receive the highest salaries in the software development niche on par with AI specialists. According to Hired CEO Mehul Patel, ‘there’s a ton of demand for Blockchain.’ On top of that, Upwork, the leading freelance platform, had a 35,000 percent uptick in the number of Blockchain freelancers (it’s the fastest-growing freelance sector).
10 Major Blockchain Trends in 2019
However, earning a six-figure salary is not an easy feat. Blockchain developers have to code in numerous languages, including Go and Solidity. As mentioned above, major companies do not want to miss the boat on Blockchain, so they are striving to hire talented programmers.

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