Increasing the Scalability of Blockchain Platforms
In recent years, we’ve witnessed the incredible possibility of cryptocurrencies. Digital tokens like Bitcoin and Ether rose from obscurity and became household names, and, although markets are now more tempered, there is little doubt that cryptocurrencies will play a role in the future of money.
Already, the number of crypto users is quickly climbing. Last year, 54 million new crypto users entered the market, and the number of blockchain wallets has increased every quarter since 2015. Taken together, the crypto ecosystem is burgeoning with currencies appealing to myriads of different desires.
At the same time, cryptocurrencies and their underlying technology, the blockchain, are becoming increasingly prominent at the enterprise level. Most recently, Facebook announced its plans to develop and implement a digital currency that could add significant revenue to the company’s bottom line.