Road to Success

Cryptocurrencies may have lost their sheen in 2022, but the blockchain technology that powers them still holds a lot of potential for our future

Illustration by Nilanjan Das

Cryptocurrencies, powered by blockchain technology, generated tremendous excitement over the past few years. Investors and companies dreamt of a future where these digital currencies would power new decentralised use cases and low-latency transactions, with the instantaneous cross-border transfer of money being a much-revered goal. Yet, while 2022 was a tough year for most asset classes globally, it was far worse for cryptocurrencies.