What’s forward for crypto and blockchain in 2022? Experts Answer, Part 3

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Alex is a author, speaker, investor and adviser centered on the impression of rising applied sciences reminiscent of blockchain and cryptocurrencies. He is the overall supervisor of Ninepoint Digital Assets Group, an funding administration providers supplier within the discipline of blockchain know-how and cryptocurrency. 

“I feel 2022 is the 12 months of multichain. 2021 noticed the rise of latest layer-one protocols like Solana and Avalanche that promised to enhance on Ethereum with quicker throughputs and decrease charges. But these advantages could show impermanent. As they change into extra fashionable, they could endure the identical destiny as Ethereum. Remember, Ethereum charges was once low-cost too till the community discovered a product-market match with the rise of liquidity mining and different DeFi functions. 

With a tsunami of latest customers coming into the ecosystem, it grew to become a sufferer of its personal success. Fees skyrocketed, turning Ethereum right into a ‘whalechain,’ that means solely the rich may afford the charges. The identical factor may occur to different layer ones. That’s OK. I consider the scarcest useful resource on the planet for the subsequent few years shall be block area. All these layer ones will in all probability replenish, that means we’d like higher methods to interconnect completely different protocols. 

Most new crypto customers will solely work together on the utility layer, not realizing or caring what base chain they run on. That means making interoperability a actuality. A number of teams are engaged on multichain, together with Cosmos, which helps lots of of crypto belongings price tens of billions of {dollars}. 2022 is the 12 months of Multichain Maximalism, and Cosmos is main the way in which.”

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