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There’s a lot of talk about price in crypto but it’s a lagging indicator. The best leading indicators are technology development. Here are 5 advancements in 2018 that I was particularly excited by. 1/
#1 Bulletproofs in Monero. When Monero adopted RingCT to hide transaction amounts, larger transaction sizes resulted due to range proofs, which prove that the amounts are non-negative. Bulletproofs reduce transaction size (and fees) by 80%! ww.getmonero.org/2017/12/07/Mon… 2/
#2 Zcash’s Sapling update allows for easier zk-SNARK generation for shielded transactions. Proof construction went from 37s to 2.3s. Wider use of shielded transactions enhances privacy within the Zcash ecosystem. z.cash/blog/reducing-… 3/
#3 The Lightning Network is live on Bitcoin mainnet. It has over 3,300 nodes with active channels and nearly $2M in capacity. The network links together IOUs across parties, creating a metaphorical bar tab where users transact and settle up later. medium.com/@jcliff/the-li… 4/
#4 Maker had a breakout year in Ethereum's DeFi ecosystem. Despite the crypto bear market, Maker now supports near all time high levels of its stablecoin Dai, about $72 million worth. 1.8% of all ETH is currently locked up to support Dai creation. mkr.tools/system 5/
#5 Hyped projects started delivering. Augur, Tezos, and EOS are high profile projects that shipped. Crypto winter has tempered interest from many, but the industry is still hard at work. Over 50 projects have 500+ code commits in the past 12 months. cryptomiso.com 6/
