Discover These Innovative Blockchain Ideas in 2023
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Despite the fairly rough past year for cryptocurrencies, the degree of innovation within the blockchain industry shows no signs of slowing down. Corporations and start-ups continue to explore the advantages of the novel technology within multiple sectors and the market growth is projected to reach 1,43 billion by 2030 at a yearly growth rate of nearly 86% (Source: FinanceYahoo).
In this article we will take a brief look at some of the most promising new projects to look out for in 2023, as well as some returning players with some new improvements that will potentially open a new page for the market. Strap in!
DeFi (Decentralized Finance) is definitely one of the most promising concepts within the crypto multiverse over the last few years. It introduced multiple innovative solutions such as decentralized exchanges (DEX), yield farming, lending protocols and others that greatly expanded the use cases of cryptocurrencies from a financial standpoint.
One promising idea is an open, decentralized and public blockchain infrastructure executed by a secure network of permissionless validators using Proof-of-Stake (PoS) consensus. It focuses on accelerating DeFi applications across multiple chains, essentially making the cryptocurrency ecosystem more interconnected - a concept that paves the way towards compatibility and adoption within the space. These concepts have been around for a while, but recently have reached a considerable milestone - the introduction of a fully decentralized, DEX compatible, time-weighted average price protocol (TWAP) which can be seamlessly integrated with existing EVM DEXs.
The goal of TWAP is to
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