Crypto Exchange Crypto Exchange
Ctrl+D Crypto Exchange
Home > Ripple > Info

Blockchain "Prophet" Andrew Keys' prediction of Ethereum in 2021



Andrew Keys, the managing partner of DARMA Capital, has made predictions about the development of the industry in the next year every year since 2016. Because of the high accuracy of the predictions, he is called the "forecaster".

During Consensus 2021, Andrew Keys gave a short interview about Ethereum and DeFi.

1. How do you understand the second full virtual consensus? Do you want to continue to see this form when the world returns to normal? Any thoughts on virtual worlds replacing real life?

Andrew: You can call me corny, but I kind of miss the direct connection between people and look forward to attending in person next year.

U.S. stocks’ blockchain concept generally rose before the market, and the ninth city rose by more than 8%: The market showed that the U.S. stock blockchain concept generally rose before the market, the ninth city rose by more than 8%, Canaan Technology rose by more than 2%, and Riot Blockchain rose Nearly 2%. Jinse Finance previously reported that El Salvador’s Congress voted to approve the president’s proposal to use Bitcoin as a legal tender. [2021/6/9 23:24:14]

What's great about the fully virtual consensus is that it means that people can access the subject matter expertise that goes into the consensus from anywhere in the world.

2. Many people say that ETH is "ultra-sound money". Do you agree with this statement? Or is this just wishful thinking?

Andrew: I totally agree with that statement. There are currently unprecedented assets on Ethereum, and its value lies in its three core attributes:

News | Russia's S7 airline's blockchain ticketing platform surpassed $1 million in revenue in July: Russia's S7 airline's blockchain ticketing platform reached $1 million in sales in July. It is reported that in July last year, S7 Airlines sold its first ticket through a private Ethereum-based blockchain platform developed in cooperation with Russian commercial bank Alfa Bank. Using blockchain enables airlines to securely connect their flight booking systems to banking systems, speeding up payment processing and drastically reducing the amount of paperwork traditionally required. (CoinDesk)[2019/7/31]

Capital Assets: Owners of ETH own a portion of the fees of the Global Settlement Layer.

Consumable assets: ETH is a fuel, a digital commodity. A certain amount of ETH is "burned" for every step of calculation in Ethereum.

Voice | General Manager of Arrow Software: Will explore new technologies such as blockchain to assist customers in digital transformation: According to news from the financial world, recently, Liu Bin, general manager of Arrow Software, said that the application of Arrow Software for cloud technology and other new technologies is a In order to help customers create new value, help them carry out digital transformation, respond to the market more quickly, and achieve business growth. He said: "In the future, we will explore the application of other new technologies, such as robotics and automation, unmanned driving and drones, artificial intelligence AI, blockchain, etc. [2018/10/30]

Store of value assets: ETH can be freely traded, or used as collateral in the digital economy.

Two key catalysts for increasing the value of Ethereum include:

One is EIP 1559, in which ETH is burned for every calculation and storage transaction;

Dynamics | Blockchain startups launch solutions that can resist DDoS attacks: According to livebitcoinnews, Washington, D.C.-based blockchain startup Gladius claims to have come up with a solution that can help websites resist distributed denial of service (DDoS) attack. The platform is reported to have been launched on Monday. [2018/10/10]

The second is the transition to PoS, which helps reduce the “sales pressure” associated with proof-of-work mining costs such as electricity, hardware, and real estate. Faced with these pressures, most miners had to sell 75% of their mines to pay their monthly fees.

3. More and more people believe that traditional financial people know more about Ethereum than Bitcoin. Is this a repeat of the "Blockchain, not Bitcoin" debate?

Andrew: Let me give a simple example of the usefulness of Bitcoin. Bitcoin is digital gold with a $10 trillion market cap (TAM).

With Bitcoin, Xiao Ming can send peer-to-peer value to Bao Xiaohong, but Bitcoin is scarce, which is also proven.

This use is great, Bitcoin is the source of the blockchain, but we can do more with the next generation of blockchain databases.

Ethereum is the foundation of the digital economy with a market cap of $270 trillion. Ethereum digitizes all assets (commodities, fiat currencies, stocks, derivatives, insurance policies, and prescriptions) as well as financial instruments (loans, derivatives, and exchanges) and legal agreements (employment, unions, purchase orders, and investments).

4. What is your investment thesis?

Andrew: We are witnessing the birth of the digital economy.

Ethereum is the only blockchain in the world that can become the foundation of the digital economy, and the assets on Ethereum are unprecedented.

In order to increase usage, we invested in Ethereum and promoters around Ethereum (such as Layer 2 scaling solutions).

5. You call Coinbase the AOL of the Web 3.0. what's next

Andrew: The market value of Ethereum will surpass that of Bitcoin in 2022.

6. Decentralized exchanges are growing rapidly, but there are concerns that these exchanges are nothing more than a way to financialize token offerings. When will DEXs support actual capital deployment and affect real finance?

Andrew: DeFi has surpassed $100 billion in total value locked, Ethereum settled $1.5 trillion in transactions in Q1 2021... the actual capital deployment is now underway.

Last month, the European Investment Bank, Goldman Sachs and Societe Generale all issued bonds in ETH. These entities need to pay operating expenses in ETH.

7. You are known for your yearly Ethereum predictions. Which predictions have been correct so far?

Andrew: I'll respect the opinions of fact-checkers, but in my opinion, all of these predictions have come true to some extent.

I'm especially proud that 2021 is the breakthrough year for Layer 2 solutions.

What we’re seeing now at Layer 2 — particularly the advancements in finality and security — makes me more confident than ever about the commercial viability of blockchain-based applications.

8. Is there any prediction on when ETH 2.0 will be launched?

Andrew: As of January 31, 2022.

Source: CoinDesk

By Benjamin Powers


Status of DeFi Stablecoins and Mining Profit Opportunities

Stablecoins have seen explosive adoption over the past few years, and their widespread adoption began with transactions and transfers between centralized exchanges. Since then.

3 charts to see the market: Has the Fed scaled back its QE plan?

Has the Fed tapered its QE program? Source: Bloomberg; Dates: 2016-2021According to the minutes of the Federal Reserve meeting released last week.

Does the concentrated explosion of altcoins herald the peak of the cryptocurrency market?

Altseason refers to the outbreak period of altcoins. Some people think that this is just an "ordinary digital currency bull market", but in my opinion.

Blockchain "Prophet" Andrew Keys' prediction of Ethereum in 2021

Andrew Keys, the managing partner of DARMA Capital, has made predictions about the development of the industry in the next year every year since 2016. Because of the high accuracy of the predictions.

DeFi Protocols Face Stress Test Amid Crypto Market Slump Are They Alright?

From point to surface, analyze the performance of the DeFi protocol in the stress test triggered by this black swan event through macro data. On the evening of May 21st.

Rebound reversal? Be cautious and stay optimistic

There are four major risks in buying, selling or using Bitcoin and other virtual currencies, including market, trading, technology, and compliance. Before reading.

The "true intention" behind Musk, the leader of the currency circle, calling the wind and rain

Musk's recent series of operations on cryptocurrencies can be described as dazzling, and his influence on the cryptocurrency market has actually established his status as a global "guru".However.