What’s ahead for crypto and blockchain in 2022? Experts answer, Part 3


Alex
is
a
writer,
speaker,
investor
and
adviser
focused
on
the
impact
of
emerging
technologies
such
as
blockchain
and
cryptocurrencies.
He
is
the
general
manager
of
Ninepoint
Digital
Assets
Group,
an
investment
management
services
provider
in
the
field
of
blockchain
technology
and
cryptocurrency. 

“I
think
2022
is
the
year
of
multichain.
2021
saw
the
rise
of
new
layer-one
protocols
like
Solana
and
Avalanche
that
promised
to
improve
on
Ethereum
with
faster
throughputs
and
lower
fees.
But
these
benefits
may
prove
impermanent.
As
they
become
more
popular,
they
may
suffer
the
same
fate
as
Ethereum.
Remember,
Ethereum
fees
used
to
be
cheap
too
until
the
network
found
a
product-market
fit
with
the
rise
of
liquidity
mining
and
other
DeFi
applications. 

With
a
tsunami
of
new
users
coming
into
the
ecosystem,
it
became
a
victim
of
its
own
success.
Fees
skyrocketed,
turning
Ethereum
into
a
‘whalechain,’
meaning
only
the
wealthy
could
afford
the
fees.
The
same
thing
could
happen
to
other
layer
ones.
That’s
OK.
I
believe
the
scarcest
resource
in
the
world
for
the
next
few
years
will
be
block
space.
All
these
layer
ones
will
probably
fill
up,
meaning
we
need
better
ways
to
interconnect
different
protocols. 

Most
new
crypto
users
will
only
interact
at
the
application
layer,
not
knowing
or
caring
what
base
chain
they
run
on.
That
means
making
interoperability
a
reality.
A
few
groups
are
working
on
multichain,
including
Cosmos,
which
supports
hundreds
of
crypto
assets
worth
tens
of
billions
of
dollars.
2022
is
the
year
of
Multichain
Maximalism,
and
Cosmos
is
leading
the
way.”

read original article here