What to expect in the crypto world in 2022? Prof. Nicola Fausto Spoto (Takamaka) explains
It’s impossible to talk about investments and finance in 2022 without mentioning the words crypto, blockchains and NFTs (Non-Fungible Tokens). The crypto world has become synonymous with the new decade. Major investments in cryptocurrencies and NFTs are on the news nearly every single day, and in India it’s no different: in 2020, 18% of super rich Indians invested in cryptocurrencies and NFTs.
This is just a sign of an undeniably global trend. The global blockchain technology market has been estimated by Grand View Research to be valued at $ 3.67 billion in 2020, but with forecasts indicating expansion at a compound annual growth rate (CAGR) of 82.4% from 2021 and up to 2028.
This trend towards a more mainstream understanding of the crypto world is positive, but it’s important for newcomers to have all the information available to make the right decisions with their hard-earned money. That’s why it’s crucial to hear the experts and their warnings, as they could help you avoid potential mistakes that could cost you greatly, especially in the post-Covid world.
“Certainly in 2022, things in the crypto world could get worse sooner than in the real world. Several analysts foresee a ‘cryptowinter’ that will however test many applications and projects that must be able to maintain and demonstrate a certain long-term sustainability, regarding business models, teams, and much more,” says Nicola Fausto Spoto, associate professor at the Computer Science Department of the University of Verona and an expert in languages and techniques for the development and analysis of smart contracts for blockchains.
Prof. Spoto is one of the talented brains at Takamaka, a latest generation blockchain platform developed by AiliA in 2018. Takamaka presents a consensus algorithm, called Proof Of Stake (POS) and offers new user-friendly solutions for enthusiasts, companies and programmers. The number of Users registered on the Takamaka platform is constantly and continuously growing; to date there are almost 20,000 registered and authorized users on Takamaka.io
Takamaka is a protocol similar to Ethereum, but faster and more secure, designed to be used in Java language, with a usability and familiarity of the code of use, which makes the approach friendly to most of those who start ideas and projects in Blockchain.