Founder Of OmiseGo Sees Massive Ethereum Scaling And Adoption By 2020

Jun Hasegawa is the founder and CEO at OmiseGo, which is a billion-dollar blockchain network that will launch on top of the Ethereum protocol. As of recently, he outlined the future of Ethereum and the roadmap of its growth in the coming years.

Hasegawa said that Ethereum is moving forward at a good pace. He knows that 2017 was a year of speculation for both Ethereum and projects launched on top of the blockchain protocol. In times when Initial Coin Offerings (ICOs) and token sales garnered billions of dollars per quarter, the amount exceeded the amount of money that companies in the crypto and blockchain space raised from accredited investors.

Ethereum increased in value 150-fold, rising from $10 to $1,500 within a 12-month period. However, the third-largest correction in market history hit and led Ethereum, along with many other leading altcoins to lose 70% to 90% of their value.

However, according to Hisegawa, the correction has allowed the market and developers to build products and scaling solutions to support the next rally.

The co-creator of Ethereum, Vitalik Buterin, also advised the OmiseGo network since last year. Just like Hisegawa, he is confident that the $500 billion market cap of cryptocurrencies cannot be justified without the huge impact on the finance sector and the massive potential of blockchain right now.

As Buterin noted:

“So total cryptocoin market cap just hit $0.5T today. But have we earned it? How many unbanked people have we banked? How much value is stored in smart contracts that actually do anything interesting? The answer to all of these questions is definitely not zero, and in some cases it’s quite significant. But not enough to say it’s $0.5T levels of significant. Not enough.”

Hasegawa, on the other hand, emphasized that the next two years will be crucial for Ethereum when it comes to real business adoption. He is confident that the network will see more large-scale decentralized applications (dApps) and massive scaling, as well as adoption by the government. As he wrote:

“2017 : Speculation (ICOs)
2018 : PoC / Ecosystem bui;d / Scaling solutions ( L2 #Plasma #OmiseGO/ L1 #Sharding #Casper ) / Interchain protocols
2019 : Real business adoption / UIUX focus tools / More Dapps
2019 to 2020 : thereum massively scale and used by gov. We will see huge difference between real adoptable protocol and toxic speculation project.”