What are the most promising blockchains in 2022? Sam Bankman-Fried has a strong opinion on the matter. Having become one of the richest men in the field of cryptocurrencies before the age of 30, he is a professional in the sector recognized by his peers. In fact, his opinions are particularly valuable. On the Internet, he revealed his personal ranking of the 2 most promising projects.
Solana (SOL), a promising blockchain
When asked what is the most promising blockchain this year, Sam Bankman-Fried replies that it is Solana (SOL). Fervent defender of this cryptocurrency, he highlights its advantages and its particularities. For example, this blockchain is as versatile as Ethereum (ETH). However, it has an additional specificity: it is faster and above all she is less expensive.
SOL is based on a mechanism of “ proof of history », which allows it to differentiate itself from other blockchains. In addition, it had the title of “crypto of the year 2021” (Decrypt) due to the jump in its value. She is rise to more than 11,000% and attracted thousands, if not millions of investors. “It has succeeded where very few blockchains have even thought of trying, namely scaling,” emphasizes Sam Bankman-Fried.
Avalanche (AVAX): the “killer of Ethereum” has bright prospects
After Solana (SOL), Sam Bankman-Fried thinks Avalanche (AVAX) is the second most promising blockchain. It is a direct rival of SOL due to its characteristics. According to him, like the latter, she is presented as a“Ethereum killer”. Avalanche and its AVAX token have burst into the big cryptocurrency yard over the past year.
“It’s a real blockchain. Plus, the team that designed it knows it and put a ton of work into it,” saidsaid Sam Bankman-Fried. Although AVAX is as convenient as SOL, the fact remains that there are fundamental differences between these two blockchains. Mr. Bankman mentioned them. They mainly concern the cost and speed of transactions.
In 2022, as in 2021, some blockchain projects are more likely to succeed than others. They have exceptional features that make them both original and unique. Even though opinions are divided when it comes to the most promising projects, Sam Bankman-Fried, the creator of the FTX exchange thinks that Solana (SOL) and Avalanche (AVAX) are the blockchains to follow.
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Luc Jose Adjinacou
Far from having dampened my enthusiasm, an unsuccessful investment in 2017 on a few cryptos only increased my enthusiasm. I therefore resolved to study and understand the blockchain and its many uses and to relay with my pen information relating to this ecosystem.