Year 2021 was definitely a great year for cryptocurrencies. The complete market capitalization of the crypto assets that have touched high ever of $3 trillion. Though, about 14% of Americans has crypto digital assets, whereas India has about 15 million of the crypto investors, that makes us the 2nd largest country in the world when it is about the global crypto acceptance. Let us discuss Key crypto projects to keep an eye in 2022!
Basically, there are some networks such as Ethereum. The network of Ethereum creates the backbone of all initial coin providing or ICOs, (dApps), decentralized apps or the DeFi protocols with the non-fungible tokens. The renowned tokens that are created on Ethereum network for LINK or Chainlink, USDT or Tether, BNB or Binance Crypto and USDC or USD Coin.
The much prominent upgrade is due in the year 2022. Ethereum 2.0, aims to simply remove the bottlenecks along with scalability issues by bringing much awaited PO also known as proof-of-stake consensus mechanism. This will entail the energy-guzzling PoW or proof-of-work mechanism recently in trend. Such changes will possibly result in the lower fees, quick transactions. Even with the dramatic enhance in efficiency of in network.
In the glittering world with 6,000 and more crypto, Polygon MATIC is a glue which holds everything altogether. This network offers the infrastructure which allows interchain scalability, assisting various interface of blockchains. Through creating the sidechain which facilitates execution as well as cooperation between the users. MATIC also does the transactions various times quicker than the top coins such as ether and bitcoin. It is highly cost-effective as compared to other traditional options.
Crypto is the virtual world where the users may develop the avatars for integrating with different users. Such avatars may also purchase the LAND and different resources through the native token Decentraland MANA.