Trends whatever you might want to call these and it’s all built around blockchain, crypto and Bitcoin and a lot of this will be playing into so many of these. A lot different kind of expectations have been set forth for 2023, some of these may feel very positive. The world of cryptocurrency is always changing, and new technologies are constantly emerging.
Here are some of the most exciting crypto tech trends to watch out for in 2023
Decentralized exchanges
Decentralized exchanges (DEXes) are becoming increasingly popular as they offer a more secure and user-friendly alternative to centralized exchanges. DEXes are also much more resilient to hacks and other security threats.
Atomic swaps
Atomic swaps allow users to swap one cryptocurrency for another without having to trust a third party. This technology is still in its early stages, but it has the potential to revolutionize the way we trade cryptocurrencies.
Lightning Network
The Lightning Network is a new protocol that enables near-instant, low-fee transactions. It is being developed by some of the biggest names in the crypto world and has the potential to greatly increase the adoption of Bitcoin and other cryptocurrencies.
Smart contracts
Smart contracts are self-executing contracts that are written in code. They can be used to automate a wide range of transactions, from financial contracts to voting systems.
Zero-knowledge proofs
Zero-knowledge proofs allow users to prove that they know something without revealing what that information is. This technology has a wide range of potential applications, from data security to identity verification.
CBDC is going to happen guys, question mark is going to be 2023 will be the breakout year. Will we start to see this really implemented across the financial system overall. China’s first national NFT Marketplace might as well be a CBDC because this is going to create a whole new area around holding digital assets.
I think that 2023 will be the year in the sense of they may be in more consistent regulatory framework and environment that may begins, which will get the current crowd moving in the right direction.
