This year has not been a quite successful one for the cryptocurrencies and the crypto traders have not been quite happy in this year owing to the growth rates were low and the market has mostly been behaving in a bearish manner. Brooke Pierce, an entrepreneur involved in the digital currencies has predicted the pattern of growth of the cryptocurrencies in the year 2019.
Brooke Pierce has predicted the digital currencies in the following spheres:
- dApps: They are just evolving and developing. Platforms like EOS and others are starting to build decentralized applications along the blockchain. On the dApps, Brooke Pierce said: “Three things: They have to be scalable. They have to be fee-less and frictionless. They have to be fast. No one will use the new internet if it’s slow, costs money and doesn’t’ scale. We are building the new internet, so new standards need to be set. Timing-wise, blockchains that check these boxes are happening now within the 3rd gen protocol; EOS, Tron and Cardano, to name a few.”
- STOs: People have a lot of concern about the security tokens and a lot of talk is happening about them. Here is what Brook had to say on STOs, “They are the next wave in the evolution of capital markets. ICOs did not adequately protect market participants – it wasn’t intended to – utility tokes are by nature not intended to be security, so it provided little protection. STOs have a framework that can do that. STOs are designed for investors and can have many provisions that are there to protect market participants. ”
- Gaming: Pierce believes that gaming and crypto are going to be quite linked with each other and here is what he has got to say on the relationship between crypto and gaming, “Gaming is going to be a huge part of it” states Pierce. “The earliest adopters at the scale of crypto were gamers. That’s why Korea and China are so big. These were the markets where people played video games and bought and sold virtual currency for games like Second Life and World of Warcraft.”
Brooke Pierce is a dynamic entrepreneur always interested in blockchain technology. He is one of those dynamic and vibrant entrepreneurs who believe that technology and innovation are the keys to successful business and that crypto is the future of finance.