In this week’s show, Cointelegraph resident experts decide which layer-one protocol is more likely to rise above the rest in 2022. Join Cointelegraph host and analyst Benton Yaun alongside market analysts Jordan Finneseth and Sam Bourgi as they pick their favored layer-one protocols for 2022. Will it be Velas ($VLX), which is currently the fastest blockchain when it comes to transactions, Avalanche (AVAX), with its substantial VC backing, fast transactions and low gas fees, or Cosmos (ATOM), a platform focused on interoperability. Let us know which project you think has the most potential by leaving a comment in the chat …
The crypto startup behind a self-learning, self-optimizing blockchain says it is determined to solve the problems still hampering the technology’s progress — and deliver “tremendous scalability” of up to 30,000 transactions per second. Velas says substantial hurdles are holding the industry back. Many blockchains are centralized to some extent, and scalability is an ongoing concern that has yet to be addressed adequately. Although still relatively in their infancy, major networks such as Bitcoin and Ethereum are already running at maximum capacity — hampering efficiency and increasing costs. And, to compound the problem, Velas claims block producers are not always incentivized …