Interoperability and Scalability Key for Blockchain in 2019

2019 could be an exciting year for blockchain as lots of projects mature and start to focus on scalability and interoperability.

The recent drop in cryptocurrency prices might be discouraging to some traders, but those who are passionate about the underlying technology of the blockchain are more excited than ever. Several networks are now competing to be the go-to foundation for new dApps and business developments.

Ethereum to Address Scalability Challenge

The Ethereum blockchain is already widely used. There are several hundred cryptocurrencies based on it already and over 2,000 dApps built on its infrastructure. However, Ethereum was one of the first blockchains. As a “first entrant” to the market, it needs to continually evolve to address issues like interoperability and privacy concerns that newer chains able to take into account in the initial development stages.

Hence, Ethereum is now working to address issues of scalability and the functionality of smart contracts.

• Constantinople

The forthcoming Constantinople update will improve Ethereum’s efficiency, reduce block rewards for miners, and make the…