I foresee a number of developments in the coming year. Now that ‘big finance’, the big banks. Are working hard with DeFi . You see many startups building bridges with their products. Bridges between traditional finance and new crypto world. Synthetix is the best-known example of this, Nexis does this nicely with insurance and many other Bahamas Phone Number List startups will also launch their product on the market next year.
The virtual gas price
The high costs that many people in Bahamas Phone Number List developing countries pay for sending money are often the marketing argument of enthusiasts to promote cryptocurrencies. For example, someone recently paid $0.80 for a $2 billion transaction in Bitcoin.
Unfortunately, this is no longer the Bahamas Phone Number List case with the Ethereum blockchain, on which the majority of blockchain applications run, such as ‘smart contracts’, ‘NFTs’ and DeFi products. The costs for transactions, the so-called GAS, have increased by more than 300% in 1 year . Developers are therefore looking to other blockchain networks for the development of their applications, where Polkadot is currently doing well, which was set up by the co-founder of – yes – Ethereum.