Despite having a boatload of setbacks, the crypto industry has shown steady growth. Now we are at the end of 2019 and here are some crypto projects to look out for in 2020
Saga
Saga is a money venture firm seeking to develop its own digital asset SGA as a global currency. The company is based in the United Kingdom and has been working on the project for 24 months ahead of ERC-20 token launch.
The company would initially back the asset by a reserve of various fiat currencies. As trust in the asset grows, the reserves would be reduced such that the asset becomes totally independant.
The project attracted a seed funding of 30 million dollars and boasts an advisory board consisting of members from various major industry names including chairman of JPMorgan Chase Internation and former governor of the Bank of Israel. These factors certainly make it one of the crypto projects to look out for in the next year.
RSK
RSK is a Bitcoin-based smart contract platform. The second layer protocol seeks to enhance the development of Bitcoin and help it maintain its position as the king of crypto assets. RSK is working to improve the defi ecosystem of the Bitcoin blockchain to make it more attractive for smart contract developers.
QAN
QAN is a quantum-proof blockchain platform. Quantum computing is a threat to network security and would only deter the passage of time. However, QAN uses Lattice cryptography to secure its ledger against quantum attacks. This type of cryptography gives a huge boost to network security and increases the scalability of the network.
Fetch.ai
Fetch.ai allows companies to interact with the servers of other companies directly. It enables firms to pose questions regarding datasets on other firms’ networks, while payments are made through digital assets. The platform connects IoT devices to form a decentralised economic internet.
