According to a Chainalysis.com global cryptocurrency adoption report, crypto adoption increased by 880% in 2021! Less than 5% of the world population transacts in crypto as of December 2021, as per the latest reports. But that number will grow rapidly considering the potential of scalable Web 3.0 applications. And that’s why you can expect several new blockchain projects to be launched in 2022 and beyond.
The list below includes 13 promising Layer 1 blockchain/crypto projects to watch in 2022. We have summarized these projects in terms of technical capabilities, ecosystem, roadmap, and key differentiators. So, let’s have a look at the exclusive list of Layer 1 crypto projects lists.
Kadena
Kadena was founded in June 2016 by Stuart Popejoy and Will Martino, both former JP Morgan executives. It enables businesses and organizations to efficiently transact and share data in a decentralized manner. It also seeks to address the issues that current generation blockchains face – such as speed, scalability, and security.
Kadena ecosystem comprises Layer 1 public chain protocol called ‘Chainweb’ and a layer 2 permissioned protocol called ‘Kuro.’ Kadena is the only sharded and scalable Layer 1 Proof of Work (PoW) network in use today. Kadena is indeed one of the best Layer 1 crypto projects 2022.
Differentiators
- Bitcoin is a Proof of Work (PoW) blockchain; however, smart contracts and scalability are two issues it does not address. There are other PoW blockchains that do feature smart contracts. Ethereum is an example, but it has scalability issues. Kadena fixes this by being a scalable smart contracts platform.
- Kadena has 20 braided chains running at the same time, significantly improving its capacity and security. Chains can add multiple blocks simultaneously while cross-referencing each other’s past. This makes it very difficult for bad actors to function against honest nodes.