Solana Cardano, Bitgert, Ethereum & Ripple – Things to come for these projects in 2022
Projects related to the top five essential cryptocurrencies are essential for investors to know about
There is a lot of predictions in the cryptocurrency market for 2022. With the massive success experience in 2021, crypto investors expect this year to be even better. The good news is that all cryptocurrencies are working hard to meet the expectations of investors and users. Here are the top 5 cryptocurrencies for 2022 and what their teams found:
1. Solana (SOL)
Solana (SOL) is the fastest blockchain on the market today. The blockchain manages to reach 50,000 transactions per second, making it the fastest blockchain. The team is developing a platform that addresses the limitations of Ethereum, and in less than two years, they’ve fixed the scalability and cost issue.
In 2022, Solana has several more upcoming products, including the full launch of its flagship network. The launch is still in the trial launch phase, and a full launch could be in 2022. It also lowers gas cost and increases scalability. The team also announced further development in NFT software and smart contracts.
The team promised more products on the Solana ecosystem with the continuous updating of smart contracts. More products will be launched in 2022, and existing products will be upgraded to keep the blockchain competitive.
2. Cardano (ADA)
Cardano (ADA) had a good season in 2021. The coin reached an all-time high last year since its launch in 2017. Cardano is one of the first blockchains to use Proof of Stake consensus to address security issues, and it succeeded by developing The blockchain is more secure than Ethereum and Bitcoin.
The team has an impressive roadmap for 2022 that is expected to return the coin in its year. According to Hoskinson, the team plans to launch Hydra, a scalable layer two solution to facilitate a lot of financial transactions. Upgrading will increase the transaction rate per second to an unimaginable number.
Hydra’s upgrade will make Cardano more competitive against Solana and other blockchains that are currently scaling even better. The team is also working on software to make it easier for dApps to appear directly on the mainnet. Among the dApps confirmed to be launched on Cardano’smainnet are SundaeSwap and MuesliSwap. The development team promised to reveal more in the coming days.
3. Bitgert (BREEZE)
Bitgert (BRISE) is another cryptocurrency to watch in 2022. For a crypto project launched in late July 2022, the team accomplished a lot for a 5-month-old project. The platform is a payment system that allows users to transact on a p2p platform. The team has already launched the BrisedApp wallet and Swap products. Token staking was also launched in December 2021.
The team announced more and more robust products in 2022. In its roadmap for 2022, the team launched the much-anticipated Brise exchange platform at scale and the blockchain without gas fees Bitgert. These are two major products that will significantly affect the dollar price of BRISE. The exchange will be launched in the first quarter of 2022 and will be a central exchange for cryptocurrencies.
The gas-free blockchain is in the development stages, but the team is expected to announce a launch date soon. The coin is also expected to be listed on KuCoin and Gate.io soon. The much awaited iOS wallet will be widely launched soon. In addition to the products, the team is working soon, and Bitgert will be registered in Cayman.
4. Ethereum (ETH)
As the second oldest blockchain, it has revolutionized the crypto market with the introduction of smart contracts. Despite its popularity, there are many limitations, such as scaling, transaction costs, security, etc., which make Ethereum less effective.
With the advancement of technology, the team is working hard to keep the Ethereum network safer, faster, and cheaper. Currently, there is a lot of buzz due to the exorbitant gas charges on this network. The biggest development, which is already under way, is the Ethereum 2.0 (eth2) upgrade, also known as the Serenity phase.
The Eth2 upgrade is currently underway in Phase Two (Phase 1), which was scheduled for Q4 2021 and Q1 2022. The upgrade includes switching to a POS consensus mechanism to address security and part chain technology to fix scaling issues. The final phase of the Eth2 upgrade may also launch in 2022. The team is also promising to develop more products to increase the utility of Eth in 2022.
5. Ripple (XRP)
Ripple is still working on its own global payment solution to help decentralize 3 in the financial industry. Since the project was launched in 2012, it has been making strides that have made it easier for users to submit. So far, billions of dollars have been sent to use the XRP platform.
The Ripple team revealed the 2022 roadmap, and the main aspect is that RippleNet is a better payment platform. Improving the user experience and creating greater economic opportunities are key factors in this year’s roadmap. The team promised to improve the scalability of the network to accommodate the growing number of transactions. Cascading gas charges is also another area the 2022 roadmap is working on.
According to the roadmap, the XRP team is upgrading smart contracts, side chains, and NFTs to achieve better benefits. US dollar XRP investors can expect the coin’s price to increase if the 2022 roadmap is implemented as planned.
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