Need a source? Crypto/Blockchain End of Year Wrap and 2023 Look Ahead
How to make sense of 2022 and where the industry may be headed next
And yet 2022 has simultaneously seen a positive development in this nascent industry. We have witnessed Ethereum’s historic technical shift from “Proof of Work” to “Proof of Stake” known as “The Merge” which holds the promise of more environmentally sustainable operating practices. Also some of the world’s largest asset managers, investment banks and payment giants included
On top of that
There is clear interest in an emerging industry that is experiencing growing pains. Will exchange bankruptcies drive consumers towards self-deposit and decentralized finance? How will all this be controlled and regulated? What happens afterwards?
- Where the industry is today and the difference between crypto as a product (digital currency) vs blockchain as a solution (financial services on the blockchain)
- Understanding industry trends – expected changes to “self-custodial wallets” as a means of empowering users rather than financial intermediaries
- What the “merger” means and why it’s such an important step in creating the next wave of financial services that will be faster, more transparent and cheaper to use
- What the government needs to understand to balance two priorities – protecting investors versus stifling innovation in crypto/blockchain for use in digital retail payments and digital currency development
- How investors view the development of blockchain on a par with the growth of the internet and the dotcom era
SOURCE
© Canada Newswire, source
