At the beginning of 2016, ConsenSys’ Head of Global Business Development,Andrew Keys, shared with the world his nostradamus-like visions of a decentralized reality for the upcoming year. Those working in the space have seen the surge of interest and development this year has brought to the technology. Before 2016 ends, here at ConsenSys, we chronicled major events within the past year, proving our in-house seer’s ability to predict the decentralized future.
1. The price of ether will be over $1.15 by February 29, 2016.
The first half of 2016 saw a rapid increase in the price of ether as it went over $1.15 (January 15th) and rose to $11.91 (March 30th) after Microsoft announced that it was joining the Ethereum blockchain; enabling millions of Microsoft developers to build Dapps. The price of ether continued an upward trend until mid June, when it reached nearly $20. Following this peak, a series of hacks (beginning with the DAO Heist) saw the price decrease for most of the second half of the year, dropping to below $7 after the Bo Shen Hack (December 6). By December 12th its strength appeared to return, as it reached back up past $8.
For a deeper analysis on the state of the Ethereum network and price of ether for 2016, you can read it here.
2. Scalability will take prominence as the holy grail of public blockchain technology. Ethereum will establish itself as the clear leader in this regard.
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