Operation丨100

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Operation丨100

From $3,700 to $7,300, the cryptocurrency market represented by Bitcoin has gone from a cold winter to another cold winter; the public chain competition has risen to the rise of the alliance chain, and the blockchain has jumped from one outlet to another.

And unconsciously, 2019 slipped away from us quietly.

Previously, DeepChain interviewed more than a dozen practitioners in the blockchain industry "Blockchain Practitioners: 2019, I'm Too Difficult", and through their stories and feelings, I took everyone to review the 2019 blockchain Year.

As the clock ticks, we usher in 2020. Someone said that in the future, The only certainty is uncertainty, and the only certainty is uncertainty itself. This is especially true in the blockchain field.

This time, DeepChain has invited more than a dozen blockchain experts from different subdivisions. Through their analysis and predictions, let’s take a look at the opportunities and challenges of the blockchain in 2020. In this uncertain In this world, look for a rare sense of certainty.

"The integration of alliance chain and public chain technology is an inevitable trend"

Huang Butian, founder of Yunxiang blockchain:

The era of industrial blockchain has arrived, and industry organizations will move towards a more open development model. In addition, collaboration and cooperation will be closer.

From a technical point of view, in the future, the industrial blockchain will be applied on a large scale. The integration of alliance chain and public chain technology is an inevitable trend. Creating a scalable and secure blockchain infrastructure will be the key to the application of industrial blockchain. key; from a business perspective, industrial blockchain application scenarios tend to be diversified, and enterprise-level BaaS platforms will also be applied on a large scale to help enterprises build their own blockchain scenario ecology, but at the same time, it brings Business governance risks will also be highlighted.

"The proportion of BTC's market value will rise to more than 70%"

Xu Kun, Chief Strategy Officer of OKEx:

Important developments in the industry in 2019:

1. Driven by the halving market, the price of Bitcoin rebounded, with an annual yield of 87%, surpassing the world's major assets. At the same time, the computing power of Bitcoin's entire network exceeded 100EH/s;

2. The Staking economy exploded, and the market size exceeded 10 billion U.S. dollars;

3. The digital asset contract trading business has become the standard configuration of the first-tier trading platforms, while the second-tier platforms have also begun to deploy;

4. The standardization of the industry has been greatly improved, and the review of digital assets by leading platforms is more stringent;

5. Libra has become a hot topic around the world, bringing wider attention to the blockchain industry and digital asset market.

Predictions for 2020:

1. The mainstream currency represented by BTC will complete the value return, and the market value of BTC will rise to more than 70%;

2. The investment attributes of BTC are more prominent, and more than 20% of households around the world will consider putting BTC into an important part of asset allocation;

3. The scale of global digital asset contract transactions will increase by more than 200%. At the same time, the number of surviving trading platforms will also decrease sharply, and the head effect will become more obvious;

4. The standardization process of blockchain technology continues to accelerate. At the end of 2020, the usability of public chain technology will achieve a key breakthrough;

5. DeFi applications will develop rapidly based on major mainstream public chains.

"There may not be a so-called small climax in 2020"

Zhu Wei, co-founder of Coinin Pool:

There may not be a so-called small climax in 2020. At present, the market has high expectations for the market.

"2020 is the beginning of the alliance chain to be tested by the market"

Liu Changyong, founder of Zhimi University:

2019 is generally the year of blockchain resource integration. A large number of projects that emerged in the bubble failed, releasing industrial resources and turning to high-quality enterprises and new enterprises.

2020 will be the first year when blockchain enters the mature stage of the industry in the next five years, and it will be a year when the industry will recover and market confidence will recover.

Although the momentum of the alliance chain is very strong in 2019, 2020 is the beginning of the market test of the alliance chain, and I am not optimistic. From 2020 to 2025, I am more optimistic about cryptographic consensus applications based on asymmetric cryptography and distributed consensus, which have the characteristics of decentralization.

Just as Columbus discovered the New World and stimulated the rise of Europe and the United States, the decentralized cryptographic consensus will lead to the rapid integration of various traditional centralized economies, creating countless business opportunities, stimulating the global economy out of the trough and entering a new period of growth.

In the face of this new trend of the times, we can only conform to it.

"2020 will be the beginning of the application of the blockchain industry"

Fan Long, founder of Conflux:

2019 is a key node for the entire industry to forge ahead. More and more people are beginning to notice and even want to understand blockchain technology. In addition, the affirmation of blockchain technology from the government level will undoubtedly greatly speed up the implementation of blockchain technology, which is very beneficial to the entire blockchain industry. And 2020 will be the beginning of the application of the blockchain industry. In 2020, we will steadily promote the research on the underlying technology of the blockchain.

Finally, I would like to say that in the future, when the industry challenges and opportunities come, it is the most important thing for us to maintain our original aspirations.

"Compliance is still a big theme"

Jiang Xin, Investment Manager of Fenbushi Capital:

The biggest theme in 2020 is halving, but I think if the blockchain industry only has one story to tell, then there is no need to look forward to the halving market.

DeFi clarified an application direction of the blockchain industry in 2019, and I expect DeFi to achieve a closed-loop application in 2020.

Compliance is still a big topic. How to make money under the premise of compliance is the most important topic for every blockchain practitioner.

NFT and DAO I think one of them will be like DeFi in 2019, and one will emerge that can become an industry benchmark and even hope to create a new field in the industry.

More real value output and less new words. This is my expectation for 2020.

Cao Yin, Managing Director of the Digital Renaissance Foundation:

Cao Yin, Managing Director of the Digital Renaissance Foundation:

2019 is a year from despair to hope. At the beginning of the year, when many people were thinking, to be or not to be, the price of Bitcoin started a V-shaped rebound from the big trough. In addition, the vigorous development of DeFi has brought precious hope to the future of Dapp again. The launch of Bakkt has brought attention from the mainstream society. National leaders solemnly stated that blockchain is an important strategic technology.

However, in the face of the achievements in 2019, blockchain technology and applications still have many structural and difficult challenges.

2020 will be a watershed moment for the global blockchain industry. Libra or Dai, USDT or DCEP, alliance chain or public chain, these are the must-choice questions for all of us in the blockchain industry.

This year, the global national and cross-border supervision of blockchain and digital currency will be more stringent than ever. Learning to deal with supervision will be a compulsory course for all blockchain companies and practitioners.

"Blockchain serving the real economy is the direction of development"

Song Shuangjie, founder of Tokentong Research Institute:

2019 is destined to be a memorable year for the blockchain industry.

The market in 2019 is not as cruel as it was in 2018: the popularity of IEO at the beginning of the year made the platform tokens increase several times, and the small bull market that started in early April also caused BTC to rise from $3,200 to $14,000, which made the mainstream tokens collectively break out.

The policy changes in 2019 are unpredictable: first, the U.S. Congress held a hearing on Libra, which aroused people’s concerns about the future of digital tokens, and then China took the development of blockchain technology as a breakthrough for independent innovation, with mixed results.

In 2020, the biggest variable is that BTC is about to cut production in less than half a year. Will the long-awaited bull market come as scheduled? Without a big bull market, many blockchain projects will be unsustainable. In this case, how to ensure the survival of the project in an uncertain environment has become a huge challenge.

As far as Chinese projects are concerned, although the industrial blockchain is a wave, many projects have fallen behind, and the opportunities of the industrial blockchain are far away from them.

In the end, no matter how many difficulties and obstacles there are, I personally think that reasonable compliance and legality are the basic requirements, and blockchain serving the real economy is the development direction.

"Stablecoins and DeFi will continue to grow in 2020"

Xiong Yue, Dean of Bixin Research Institute:

Stablecoins and DeFi are a dark horse in 2019. If nothing else, they will continue to grow in 2020, and there should be many opportunities in this track. At the same time, the financial risks that stablecoins may bring have become the focus of major central banks around the world.

In 2020, stablecoins and DeFi may receive "special treatment" from various financial regulators around the world.

In addition, the biggest expectation of the market in 2020 is undoubtedly the halving of Bitcoin. If the halving market starts at that time, it may bring a new wave of bull market. However, if the halving market does not occur as expected, some miners and mining machine manufacturers who have placed heavy bets may suffer heavy losses.

"2020 may be the year of the outbreak"

Contentos founder Mick:

2019 is a year to lay a solid foundation, regardless of whether the overall market has gone through spring, summer, autumn and winter, or the management attitude of European and American governments towards tokens can be seen from the supervision of Libra issued by Facebook. If we only look at the two aspects of technology improvement and application implementation, there have been remarkable achievements in both aspects, such as the upgrade of Ethereum Constantinople, the Bitcoin Lightning Network, the launch of Binance Chain based on Cosmos, or the activeness of various DeFi applications. , These all suggest that 2020 may be a year of outbreak.

However, the biggest challenge in 2020 is still the user-friendliness of blockchain applications and solving the real business needs of the general public. It is still a question mark where this bridge spans blockchain technology and the general public.

Previously, YouTube blocked and removed a large number of blockchain-related videos. Although it backed down under the pressure of public opinion afterwards, it also reflected the closure and arrogance of the traditional Internet model, and indirectly proved the great value of the decentralized content platform. At a time when traditional Internet traffic and business models are encountering bottlenecks, it is our current mission to use blockchain to open up new growth paths and make content more fair and friendly.

I judge that in 2020, we will see more blockchain projects realize real business models in various industries, and make blockchain technology truly popular in the daily life of the public.

"Focus on three areas: public chain, Internet of Things, and games"

Kong Huawei, Director of the Shanghai Branch of the Institute of Computing Technology, Chinese Academy of Sciences, Partner of Starting Point Capital:

2019 is a year of "big waves wash the sand". Blockchain practitioners, from the chain circle, to the currency circle, to the disk circle, were beaten back to the chain circle. Among them, Dalang is not a market, but a policy. The sand and garbage accounted for 90% of it. Such a scouring process did find a lot of garbage projects and garbage people.

As an investor and researcher, I focus on three areas: public chain, Internet of Things, and games. After the big wave, I am still optimistic about the three areas.

In 2020, the three basic public chains of BTC, ETH and EOS, as well as the public chain of exchanges; in terms of the Internet of Things and games, it is hoped that new public chains will emerge, or new dapps will gather to make the original public chains become IoT public chain, game public chain and financial public chain.

In 2020, I hope that practitioners of the blockchain can regain the spirit of the blockchain (geeks), and don't be fools and waves. You may not necessarily be a cypherpunk like Satoshi Nakamoto, you should at least be a geek, and you may not be able to have the "subversion" driven by Hayek's thought, but at least you have the basic understanding that blockchain is fintech.

"2020 will be the year when China's blockchain industry explodes"

Zhong Hong, Dean of Ivy League Research Institute:

2019 is the first year of the blockchain industry. Libra, the central bank's digital currency DCEP, and the country's emphasis on blockchain and other landmark events, blockchain technology has been fully implemented in global finance and industries.

2020 is the year when China's blockchain industry explodes and leads global development. Digital government, digital finance, and digital industry constitute the blockchain + digital economy 3.0 model. As the infrastructure of digital economy 3.0, blockchain, satellite chain, identity chain, judicial chain, data chain, financial chain, and government affairs chain form the next-generation value Internet ecosystem.

"The market is returning to reality amid swings and volatility"

Niu Fengxuan, founder of DappReview:

The blockchain industry has experienced twists and turns just like currency prices in the past year, and the market has returned to reality amid swings and fluctuations. In 2019, the currency circle is still crazy and full of opportunities, just returning to rationality.

This industry trend will not change in 2020, and the potential of hot spots including DeFi and NFT will be further explored. The "big moves" like mergers and acquisitions in the industry are not over yet, and there are still upgrades of various public chains, Schrödinger's halving market All deserve our attention.

This article is original for DeepChain (ID: deepchain-eva). Unauthorized reprinting is prohibited.

This article is original for DeepChain (ID: deepchain-eva). Unauthorized reprinting is prohibited.