Year of crypto implementation in 2018 as a regulatory framework. It seems to me that there are so many countries that are trying to implement regulations and sandboxes is a beginning to be adopted on a large scale, because without any public regulation it would not have happened.
The biggest milestone, first of all, is the entry of the Singapore Exchange (SGX) into the blockchain for rapid settlement, which brings the potential for automated Securities and crypto settlement processes. Through strict regulation and new trends, Singapore has been the benchmark for Southeast Asian countries. This milestone shows great potential for blockchain and crypto adoption, especially for future securities token offerings.
The setback for crypto will be the recent “civil war” between ABC and SV, which has already created a huge rift in the community and has also triggered a massive scare against unskilled investors. In order to maintain the working capital ahead of the continued fall in prices, earlier in 2018 the project carried out by eio was also forced to liquidate its ETH. Major media outlets have been reporting on the volatility of the cryptocurrency market, attracting the attention of crypto.
2. What is the biggest theme/theme/key point/Project for 2019 cryptocurrency/bitcoin?
Seth Lim: 2019 will be flooded with securities token offerings, common slogans on the blockchain will provide settlement of 24/7 transactions and project base assets.
Secondly, we will start to see more public companies launching their own token offerings after implementing the regulatory framework. Public companies will be able to raise more money than traditional start-ups, as they are already regulated by local securities regulators and are therefore able to attract institutional investors.
Third, the need for blockchain network security audit firms will arise, as projects and exchanges have proven to have a sizeable share of attacks/vulnerabilities in 2018, which leads to even more serious loss of reputation for closing projects. If the project and the investors involved in the project have been audited by a reputable company through its private blockchain network of smart contracts, then they will get a guarantee.
3.Coins other than bitcoin, why?
XRP:Ripple could be a substitute for SWIFT’s international payment system, as the payment clearing takes a few seconds and significantly reduces the cost of processing by eliminating SWIFT fees and other disadvantages of the system (such as liquidity costs, counterparty risks and compliance).
However, in order for Ripple to be a real threat to SWIFT, and RippleNet members to take full advantage of the network, more statutory liquidity providers and providers have to join. The SWIFT ecosystem involves more than 11,000 financial institutions, 10 times larger than RippleNet.
Soarcoin (SOAR): Soarcoin is a duet feature token (exchange and utility token) that was released for the first time in Southeast Asia in March 2017 without the launch of the eio.By establishing its own cryptocurrency exchange in Indonesia (soar EX is currently ranked second), it has become a dedicated ecosystem tailored specifically for bankless accounts in Southeast Asia.
Soar Wallet is a new generation wallet with offline signing capabilities, making it unaffected by the crowding of the Ethereum blockchain. Soar users can now be free of problems when transferring Soarcoin. Web and Android versions are now also available.
The Soar Wallet signature feature is the Cold storage, which generates and stores the private key of an encrypted coin in an offline environment far from the internet. It minimizes the risk of hackers stealing from the wallet.