Cryptocurrency — Technological Developments and Enterprise Adoption

Executive Snapshot

• Figure: Executive Snapshot: Cryptocurrency — Assessing Developments and Adoption

Situation Overview

• Notable Cryptocurrencies

• AAVE

• Bitcoin

• Ether

• Ripple

• Solana

• USD Coin

• Figure: Notable Cryptocurrencies Price Index (January to December 2022)

• Notable Technology Developments

• Improvements in Consensus Mechanisms

• Efficiency

• Layer 2 Payment Protocols and Lightning Networks

• Figure: Illustration of the Lightning Network

• Figure: Lightning Network Propagation

• Ethereum Sharding

• Revamping the Blockchain

• Embedded Compliance

• Exchanges

• Issuer Access Denial

• Validators' Denial

• Figure: Bitcoin Mining Pool Distribution

• Ideals in the Cryptocurrency Ecosystem: Transparency and Market Resilience

• Proof of Reserves

• Backstop Mechanism

• Assessing Cryptocurrency Adoptions

• Retail Payments

• Online Payments

• Payments App

• Centralized Finance Players' Issued Cards

• Enterprise Payments

• Business Payments

• On-Demand Liquidity

• Corporate Services

• Payments Management

• Custodian Services

• Lending

• Credit Card

• Traditional Financing

• Scoring Based on Blockchain Data

• Central Bank Digital Currencies

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• Related Research

• Synopsis