Crypto Milestones to Look Forward to before the End of 2022

Cryptocurrencies are experiencing an upturn of fortunes over the past few weeks after a difficult start to the year. The initial stagnation ends with an increase of more than 10% for both Ether and Bitcoin, which has a visible impact on the crypto market share. Some events are shaping the future of crypto on the world trade stage. Some such activities will immediately impact the market influence of the cryptocurrency platforms, while others have long-term effects. The following are notable milestones that cryptocurrencies are likely to experience during the year: Migration of Transactions to Layer 2 The migration of crypto transactions from the main chain of networks like Ethereum to layer 2 is a move that will increase transaction speeds. The new development aims to ensure that the blockchain networks can handle up to thousands of transactions per second (TPS). Achieving the milestone will increase network reliability, which creates a chance for growth in the number of users. If the migration is successful, main chains will only have the function of holding final blocks to secure the network. Moving away from transactional activities on the main layer will ensure improved network security. The exclusive role of verifying and recording transaction blocks on the blockchain will reduce the chances of security lapses. Enactment of Crypto Regulations in Different Countries There are efforts to provide regulatory laws in different ...