Alex is a writer, speaker, investor, and consultant, focusing on the impact of emerging technologies such as blockchain and cryptocurrency. He is the general manager of Nine Point Digital Asset Group, which is an investment management service provider in the field of blockchain technology and cryptocurrency.
“I think 2022 is the first year of multi-chain. In 2021, there will be new first layer protocols, such as Solana and Avalanche, which promise to improve Ethereum with faster throughput and lower fees. But these benefits may be Impermanent. As they become more and more popular, they may suffer the same fate as Ethereum. Remember that Ethereum fees used to be cheap, until the network found that the product market is suitable for liquidity mining and other DeFi applications The rise of.
As new users enter the ecosystem like a tsunami, it has become a victim of its own success. The soaring fees have turned Ethereum into a “whale chain” which means that only the rich can afford these fees. The same thing can happen on other layers. It’s ok. I believe that the scarcest resource in the world in the next few years will be block space. All these layers may fill up, which means we need better ways to interconnect different protocols.
Most new encrypted users will only interact at the application layer, and don’t know or care about what basic chain they are running on. This means making interoperability a reality. Some teams are working on multiple chains, including Cosmos, which supports hundreds of crypto assets worth tens of billions of dollars. 2022 is a prosperous year for multi-chain extremes, and Cosmos leads the trend. “