Crypto and Blockchain Predictions for 2022

The year 2021 has been a thrilling one for the cryptocurrency and blockchain industry. Last year, cryptocurrencies such as Bitcoin and Ethereum reached an all-time high. This has set the way for 2022 to continue scaling the crypto space’s development. Below are the predictions for 2022 addressing potential trends and forecasts that may materialize soon. Addressing Limitations of a Seamless Infrastructure Even if competition among infrastructure providers is expected to heat up dramatically in 2021, critical challenges must still be addressed. Ethereum (ETH), for instance, is still the most popular blockchain for DApp (decentralized applications) creation, although it suffers from network congestion and expensive transaction costs. These issues are addressed by Layer-2 solutions, however, gaining long-term traction remains difficult. The same applied to ‘Ethereum competitors,’ since they are still in their beginner phase. Addressing such limitations this year and beyond is required. Many individuals anticipate that the release of Ethereum 2.0 will assist to relieve some of these issues. Its sharding implementation will help solve issues such as network congestion, transaction fees, and low performance. These implementations may take time as they will occur in multiple stages. Other networks, such as Binance Smart Chain, Solana, and Avalanche, will continue to draw users and developers while Ethereum remains a bottleneck. It is ...