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Growth Pangs
A Mini Guide To Finding the Next Unicorn in the Crypto World
Each crypto winter creates a Darwinian thinning of the ecosystem. Over time, the crypto industry will coalesce around mature platforms, solidifying crypto as a mainstay of the modern investment portfolio — Zac Prince, CEO, BlockFi
Technology is applied science.When science is applied to practical, utilitarian applications designed to improve our lives, it is called technology. The problem with technology today is the rapidity of change. It is hard for most common men to keep abreast of technological developments. There is just a lot going on.
This story is designed to provide readers with three simple ways to think about one technology in particular — cryptographic tokens (‘cryptos’ in short). Cryptos have spawned a new universe called ‘Decentralized Finance (DeFi in short). Cryptos and DeFi will continue to transform finance as we know it. Think the ‘internet of value’. Here are three ways to look at the future of cryptos and DeFi and by extension searching for the next big thing in the crypto universe.
Think Outside The Box
Disruptive innovation rarely comes from the same industry. For instance, Netflix rode a wave of exponential growth of the internet and bandwith to disrupt the content delivery industry (CD/DVD’s etc.) Netflix was an outsider. Apple disrupted music delivery and the walkman by creating the iPod. Apple was an outsider. It is very easy to understand it is hard for people focused on their daily jobs to zone out and view the big picture. The architects of the crypto universe may be so engrossed with building their world that they may miss out on a better way of doing things or looking from the outside in.
Therefore, the next wave of crypto innovation will likely come from outside of the industry.
One potential disruptor is the quantum computing industry. Quantum computers are very slow in entering the mainstream. However, they have the computing prowess to hack a blockchain. Also, quantum computers have their own method of encrypting data called quantum key encryption…
