13 Predictions for 2023 From Crypto Experts
Experts are sharing their observations and predictions for 2023. We have saved you time and summarized the key points. Also, couldn’t help dropping in a few predictions of ours.
What is a SoulBound Token
Soulbound tokens, or SBTs, are digital identity tokens representing a person or entity’s characteristics, features, traits and achievements. Built on blockchain technology, it takes NFTs applications to the next level.
What is The Splurge
The Splurge is defined as a series of smaller upgrades aimed to ensure that the network runs smoothly following the previous five major updates and that the previous updates to the protocol don’t cause any issues.
What is The Purge
As the name implies, The Purge will be focused on reducing, or “purging,” excess historical data stored on the blockchain. Reducing the amount of historical data will help to make the validation process more efficient for validators under the proof-of-stake consensus mechanism.
What is The Scourge
According to the post that introduced The Scourge, its goal is to “ensure reliable and credibly neutral transaction inclusion and avoid centralization and other protocol risks from MEV.”
Vitalik Buterin Shared His Extensional Definition of “A Good Crypto Future”
Vitalik Buterin, the co-founder of Ethereum, shared his extensional definition of "A Good Crypto Future" on Twitter, which are:
Solana (SOL) Has a Bright Future, Says Ethereum’s Vitalik Buterin
Vitalik Buterin believes Solana has a bright future ‘now that the awful opportunistic money people have been washed out.’
Vitalik Buterin Supports Solana in the Latter’s Hour of Distress
Solana has lost several projects to its competitors; however, there appears to be a ray of hope as Vitalik Buterin expresses his support for the blockchain and its ecosystem. Ethereum’s Buterin believes that the network can still get a hold of its operations and get the values back to the list of top 20 cryptocurrencies.
SOL Price Recovers as Vitalik Tweets Support for Solana Community
Ethereum creator Vitalik Buterin seemingly helped Solana recover single-handedly today, Dec. 29, as he praised the project on Twitter. Buterin wrote in a tweet: Some smart people tell me there is an earnest smart developer community in Solana, and now that the awful opportunistic money people have been washed out, the chain has a bright future. Hard for me to tell from the outside, but I hope the community gets its fair chance to thrive. The price of Solana (SOL) sat close to $9.44 for much of today. It then fell 13.2% to $8.19 in a matter of hours. Following Buterin’s tweet, the price rose 24.8% to $10.22. (cryptoslate)