5 Blockchain Predictions for 2023
Blockchain technology and cryptocurrencies are intertwined with the role of blockchain in providing a peer-to-peer financial transaction model. Careful consideration of blockchain predictions to 2023 and related industry trends is critical to determining how blockchain technology and its applications will develop in the future. 2022 is a turbulent time for blockchain and cryptocurrencies, with many major events taking place. For example, a drop in token prices and NFT valuations and a sharp increase in volatility in transaction patterns impact blockchain in 2023. On top of that, the downfall of popular centralized cryptocurrency companies has also sparked a wave of mistrust in the validity of blockchains. Most blockchain predictions for 2023 will likely draw on events from 2022. But it’s also important to understand the root causes of the unfortunate state of cryptocurrencies and blockchain in 2022. Upon closer inspection, you will find that most of the issues have nothing to do ...