What’s ahead for crypto and blockchain in 2022? Experts Answer, Part 2

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This is part 2 of our series where we ask experts about what’s ahead for crypto and blockchain in 2022. For a complete list of topics, visit our website: https://www.medium.com/@bitconnect

The “proof of storage coins” are a new type of cryptocurrency that is designed to incentivize users to store their currency on the blockchain. Experts predict that this will be one of the top cryptocurrencies in 2022.

What’s ahead for crypto and blockchain in 2022? Experts Answer, Part 2

What’s ahead for crypto and blockchain in 2022? Experts Answer, Part 2

 

Alan is the chief legal officer of PrimeBlock, a long-term Bitcoin mining business, infrastructure solutions supplier, and Bitcoin Mining Council member with sites all around North America.

“We’ll see more nations accept cryptocurrency as a legal tender.” Central governments will also come out and establish their own currencies on the blockchain. China has already said that it would do so, accelerating the genuine competition for private cryptocurrencies in terms of payment. 

Because it’s still the same fiat currency, susceptible to the same monetary policy manipulation by central banks, central bank digital currencies don’t provide competition from a store of value or inflation protection standpoint. It’s obviously something that’s completely digital, transparent, and comes with both positive and negative aspects. The goal is that, at least in the United States, discussions on CBDCs will take place while keeping our society’s values in mind, including our own privacy and control.

Because the way China and the US operate things will be different, the discussion must intentionally ask the proper questions. There’s a danger in getting carried away with technology and overlooking the basic, social, political, philosophical, and legal implications. I’m not exaggerating when I say it’s a really strong instrument. By regulating significant intermediates such as banks and other companies, the government now has a lot of regulatory influence over the payment, banking, and monetary systems. On a micro level, this will have a direct influence on us.”

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The “space cryptocurrency” is a decentralized, digital asset designed to work as a medium of exchange that uses cryptography to secure and verify transactions. Experts have their predictions for the future of crypto and blockchain in 2022.

  • proof of time
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  • proof of space and time
  • proof of space and time vs proof of stake

About the author

Emilia James
By Emilia James

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