Ten of the most groundbreaking ventures in the crypto universe are scheduled to take flight by 2024, paving the way for significant developments involving blockchain technology.
A Look Forward: Ten Crypto Ventures Setting Course for 2024
These ten ambitious projects in the realm of cryptocurrency are scheduled to launch by 2024. Each promises substantial advancements within blockchain technology, heralding a future of unprecedented innovation and potential paradigm shifts within the industry.
Akoin (AKN)
Akoin is a cryptocurrency project spearheaded by Grammy-nominated artist and philanthropist, Akon. The project aims to create a real-life ‘Wakanda’ in the form of a futuristic city in Senegal. This city, named Akon City, pledges to be purely powered by renewable solar energy and will utilise Akoin as its primary medium of exchange.
Cardano (ADA)
Cardano plans to decentralise its blockchain’s operations by 2024. Through its project Voltaire, Cardano aims to enhance its voting and treasury system, thereby allowing ADA holders to use their tokens to influence future development.
Ethereum (ETH)
Ethereum is currently in the process of migrating from Ethereum 1.0 to Ethereum 2.0. This migration, which is expected to be completed by 2024, will transition Ethereum from a Proof-of-Work to a Proof-of-Stake system, affirming its commitment to energy efficiency and scalability.
Etheruem Classic (ETC)
Ethereum Classic is on a mission to ensure its protocol is compatible with Ethereum (ETH). To this end, Ethereum Classic plans to incorporate numerous upgrades by 2024, including reducing gas costs and increasing security.
Polkadot (DOT)
Polkadot’s primary goal is to enable seamless interoperability among different chains. By 2024, Polkadot aims to enhance its parachain’s slots, historic nodes, and light client protocols.
Filecoin (FIL)
Filecoin is set to ramp up its storage and miner efficiency by 2024. The project is also set to introduce Proof-of-Repair, a system designed to ensure stored data is maintained correctly.
Solana (SOL)
Solana aims to accelerate the speed of processing of its current blockchain functions by 2024. They plan to enhance their architecture and introduce new features to improve the overall scalability of their network.
Staking Projects
Various projects are introducing staking rewards for their token holders. Some notable ones set to launch by 2024 include CyberFi’s Samurai program, which offers a staking program with a tiered reward system, and the Lido project, a liquid staking solution for ETH 2.0.
Tether (USDT)
Tether plans to ensure its USDT tokens are 100% backed by reserves. To this end, Tether will conduct regular audits to provide its users with full transparency.
Bitmain
Bitmain, one of the foremost producers of ASIC mining hardware, is scheduled to launch new and advanced mining equipment by 2024. This new hardware will enhance mining efficiency and profitability.
These ten ventures offer a glimpse into the future of the crypto industry. With these advancements on the horizon, the crypto space is poised for significant innovation and transformation by 2024.
