- Ongoing developments to take decentralized technology into the mainstream is exciting stuff
- Industry-wise, it remains crucial to solve the current infrastructure bottlenecks
- There is much to look forward to in 2022, but there is also much work to do.
Predictions for 2022: The cryptocurrency industry has garnered substantial mainstream attention throughout 2021. These developments pave the way for a brighter future in 2022.
KuCoin Labs recently released a market report. It identifies potential trends and forecasts that may materialize over the coming months.
Infrastructure Bottlenecks Remain An Issue
Even though competition among infrastructure providers heated up significantly in 2021, crucial bottlenecks still need to be resolved. For example, Ethereum remains the top blockchain for DApp development yet suffers from network congestion and high transaction fees. Several Layer-2 solutions address this issue, yet it remains challenging for them to gain long-term traction. That applies to most “Ethereum competitors” too, as they are all still in an immature stage today.
Layer-2 Solutions
Many