According to market research estimates, blockchain technology will witness astounding growth in its market size in the next five years. Between 2020 and 2025, the global blockchain market size is expected to grow at a rate of 67.3% CAGR to reach US$39.7 billion in 2025 from US$3.0 billion in 2020.
After much speculation over the past few years, Ethereum 2.0 is finally on the cusp of getting launched. The final release is expected to happen on the first day of December 2020. On 4th November, the Ethereum foundation made the first version of Eth2 specifications public. As of now, the deposit contract is live. The platform can raise the necessary amount of funds required to trigger staking. Stakers interested to participate in the process can deposit their 32 ETH deposits to the contract.
Monero went through its latest fork on October 17th, 2020. Fork, or hard fork as it was in this case, implies a major network upgrade for the privacy coin. In Monero, these hard forks or network upgrades improve the base protocol and are non-contentious. It means that there will be no splitting and no new creation of a coin.
NEO is one of the popular blockchain networks that has come out of China. It is well-known for its community-driven approach. NEO is an open blockchain that is aimed at a smarter economy.
Filecoin, a sub-organization of Protocol Labs, was founded in 2014. The company is headquartered in Palo Alto, California, United States. Founded by Juan Benet, Filecoin serves both as a data-storage network as well as a bitcoin-based electronic currency. Since its launch, Filecoin has been backed by 24 investors. It has raised US$258.2 million to date.