Summing up the results of 2020. Review of the year
So, 2020 is left behind. Let’s not argue that this year was, at least, very difficult. And not only for fans of the cryptoindustry, but for all of humanity as a whole. Everyone felt the pressure of the events taking place, everyone managed to sit in quarantine and many managed to enjoy the growing rate of the first coin. This and many other events that took place in the crypto industry in 2020, we will discuss in this article. So let’s get started.
Events for each of the months of 2020
We have highlighted the key news that happened in 2020. We have conditionally divided them by months and are ready to present to your attention. Let’s start in order, from January:
January Courts with Telegram
Of course, this year was not the easiest for Pavel Durov. His company and the TON project under development received a blow from where they did not expect – from the American judicial system. State representatives refused to recognize TON as a valuable asset, against the background of which the prospects of the created coin greatly decreased. Many investors, including those from the United States, demanded their money back. Disputes began, Telegram received several subpoenas, but the company’s lawyers did a miracle. And at the moment, as far as the general public knows, there is no disagreement between Durov and the American government.
February 2020: digital dollar and other important projects
Most likely, the proceedings with Durov left behind certain questions that began to be asked in the American state system. Government officials and others have taken a fresh look at the definition of a digital coin. Obviously, it is simply impossible not to see the benefits of Blockchain. But how to promote the country and still have full control over the digital currency? The answer is obvious – you need to create your own cryptocurrency. Actually, this is what the US specialists did. In February, it became known that the state was beginning to study the potential of the digital dollar. Against the background of these statements, the hidden miner Outlaw developed. However, while the digital dollar is still being developed, the malware is out of the public eye.
March: plastic card from Binance
The largest digital exchange has had an enviable success this year. In addition to the growth of financial turnover, the company actively developed innovative technologies. One of the last was the introduction of a real plastic card into operation, the account of which is linked to an account on the exchange. Thus, the use of digital assets has reached a fundamentally new level of convenience and comfort. However, the project received an ambiguous assessment, many saw in plastic cryptocurrency cards a contradiction with the main idea of the Blockchain about a distributed device. However, Binance Card still found its audience.
April and Swiss private internet
Spring has never ceased to amaze, thanks in part to Swiss tech companies that have begun building a prototype for the confidential Internet. Representatives of enterprises have begun to develop a new World Wide Web, but as far as we know, the project is far from complete. A new computer virus also developed with it. The Vollgar program infected tens of thousands of computers, but thanks to the attentiveness and resourcefulness of talented specialists, the virus was defeated and thrown back.
Bitcoin May Rise and Monero Development
May turned out to be indicative not only for the first coin, but also for many altcoins. It was in May that Bitcoin began its productive growth, reaching $ 9,000 apiece. This was the first step towards current indicators, and along with digital gold, another coin grew and developed. This is, of course, about Monero. One of the most private representatives of the modern cryptoindustry has once again secured her own status by introducing many unique anonymity technologies into her work.
June and its serenity
The first month of summer turned out to be quite measured. Against the background of the introduction of widespread quarantine, the cryptoindustry went on as usual. Mining the first coin became 15% more difficult, South Korea announced the beginning of the development of its own cryptocurrency, and in the meantime, we told our readers how the exchange rate and cost of oil affects the price of the first digital asset. Be sure to read this material, despite its own six months ago, it has not lost its relevance and usefulness.
How Bitcoin Gold beat a 51% attack in July 2020
The widespread problem of the vulnerability of coins built on the Proof-of-Work algorithm to a 51% attack ceased to be so urgent in July this year. At least for Bitcoin Gold. After all, representatives of this asset have done the most difficult work to allow their own users to trade, buy and use the coin without fear of hackers. The success was on the side of the developers and now BTC Gold is rightfully considered a fairly safe coin. We also talked about the prospects of stablecoins, which are linked by the rate to others, larger assets. Reading recommended
August 2020: Sunset ETH Classic
August has become perhaps one of the most difficult times for the ETH Classic coin. The cryptocurrency has survived several digital attacks, each of which has dealt an irreparable blow to the digital asset’s reputation. According to one of the versions, representatives of Ethereum are behind the numerous attacks, who started a similar guerrilla war due to violation of previously drawn up agreements. However, regardless of the nature of the attacks, ETH Classic has almost completely lost its audience’s trust.
September: first smart contracts in the framework of Bitcoin
What has long become the norm and common practice in Ethereum came to the first cryptocurrency only this fall. Of course, we are talking about smart contracts that have finally fully earned within the framework of Bitcoin. We have detailed this milestone and did not forget to mention the side news, such as support for new developers from the Stacks Foundation.
Atari’s October Return and Exchange Replacement
October also turned out to be rich in key events. For example, a completely unexpected player entered the digital market – Atari. The tech giant of the last century launched its own cryptocurrency. At the same time, representatives of third-party organizations began to launch an experimental digital wallet that combines functionality for currency transfers and asset exchange. The project from MetaMask is supported to this day.
November: confrontation between the US and Binance
The Trump administration understood that he would not be re-elected for a second term, and therefore, in an attempt to seize on his own powers, began oppression of the crypto industry. The choice fell on the digital exchange Binance. The site was forced to start blocking American users. Under this sanctions program, many investors, traders, miners and interested individuals have lost the opportunity to use their favorite functionality. Against the background of this event, Ripple began to strengthen its positions in America. However, the relationship between the country and the company will deteriorate soon enough.
December 2020. Most important at the end of the year
Of course, we are talking about the phenomenal growth of the first coin. Digital gold has started an expansive development, has overcome key resistance levels and continues to grow. America began suing Ripple, and Chinese exchanges were recovering from hacks and executive arrests. Agree, the year was eventful, there were many bad things in it, but even more good and useful for the cryptoindustry. We have no doubt that 2021 will show its best side.
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