Outlook 2022: The many faces of crypto scalability Op-ed by HaDuong_
Ha Duong is Principal at Ocean Investment and Director of Crypto Strategies at BIT Capital, based in Berlin.
I also expect the design space of dApps to drastically expand once we have moved past the current evolution stage of crypto.Since CryptoKitties first clogged the Ethereum network in 2017, many more situations have appeared that show how the current state of the main smart contract platform is not yet fit for mass adoption. The Scalability Trilemma shows how difficult it is to enhance scalability without compromising on other important dimensions such as decentralization & security.
With modular architectures maturing, I expect a decreasing demand for alternative monolithic layer 1 smart contract platforms in crypto in the future. For many existing or aspiring specialized smart contract platforms, the decision to bootstrap security from scratch and build a monolithic chain with known long-term scalability issues will be less attractive than running as a layer 2 on top of a secure data availability + settlement layer.
That may again have effects on true Defi yields. With limit order books and less dependence on AMMs, there may be less need for liquidity mining programs and less need for cash or stablecoins in DeFi due to increased capital efficiency. The current Curve wars may end and capital may find its way to more productive uses again.
Maybe, existing cloud storage protocols will expand their offering to evolve into a full data availability + consensus network. Potentially, other networks appear that focus on providing pure computation resources as a service focused on processing zero-knowledge proofs for zk-Rollups. Indexing protocols for querying network data out of different data layers and cross-chain & cross-layer oracles or composability & liquidity layers will continue evolving as well.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Biogen's 2022 outlook leaves investors wanting, shares slipBiogen expects 'minimal' revenue this year from its Alzheimer's treatment initially hailed as potentially a breakthrough drug, but one with an eye-popping price tag that drew immediate criticism from doctors and patient advocates.
Read more »
The best space gifts and deals for kids 2022Grab the best space gifts and deals for kids in this handy 2022 guide.
Read more »
Billboard Women in Music 2022.OliviaRodrigo is BBWomenInMusic's 2022 Woman of the Year! 👑 Buy tickets for the event here:
Read more »
2022 GMC Hummer EV could get a rival from China's DongfengChina-based Dongfeng is reportedly planning to launch an electric off-roader sub-brand whose first production will be a Hummer-like EV.
Read more »
Broad Street Run 2022: When and how to registerThe 42nd Blue Cross Broad Street Run is set to return to its traditional spring date in just a few months and registration will open for some as soon as next week.
Read more »