Never Mind Consumers, This Was a Year of Steady Infrastructural Progress

Technology

Despite having operable smart contract blockchains like Ethereum in production, projects have struggled with product-market fit for decentralized applications in recent years. The industry might simply be too early. If we look back to how “mobile applications” progressed, they didn’t really solidify into a multi-billion dollar business until their infrastructure — smartphones like iPhone and mobile operating systems like Android — became extremely accessible, usable, and affordable. In the same way, blockchain infrastructure in the form of scalable blockchains, user-friendly wallet experiences, node and data services, and financial industry support for digital assets, might be a prerequisite to building decentralized applications at a rate which produces mainstream market fit. This kind of infrastructural progress was the subject of 2019.

Products You May Like

Articles You May Like

Department stores face another squeeze. This time, with store credit card revenue
IRS adds ‘important update’ for free Direct File pilot as federal tax deadline approaches
Should you refinance your mortgage? Here are three signs it’s time, real estate experts say
Nike CEO blames remote work for innovation slowdown, saying it’s hard to build disruptive products on Zoom
Here’s how Biden’s new student loan forgiveness plan differs from his first

Leave a Reply

Your email address will not be published. Required fields are marked *