No products in the cart.
- Latest
- Trending
ADVERTISEMENT
Ethereum co-founder Vitalik Buterin shared three huge opportunities yet unrealized in crypto: adoption of mass wallets, inflation-resistant stablecoins, and the Ethereum-powered web. Site login.
inside interview Along with Bankless co-owner David Hoffman, Buterin shared his outlook for the crypto industry in 2023, saying that the wave of adoption for decentralized applications is now over and opportunities are dwindling for cryptocurrencies. Mr. Hoffmann’s concerns were addressed. Join developers to build new decentralized applications.
Instead, Buterin scoffed at the limb age that Hoffmann missed, first to make crypto easier for everyday people to use and to onboard billions of users. It suggested that further development needs to be done on the wallet infrastructure.
If we can create a wallet that is used by a billion people, that is a huge opportunity, said the Ethereum co-founder.
Second, buterin is Hyperinflation resistant, globally accessible stablecoin It will be revolutionary for the industry, able to withstand all types of conditions, both on-chain and in the broader macroeconomics.
If we can create a stablecoin that can actually survive up to and including USD hyperinflation, […] If we can create something that feels like a lifeline for anyone going through such a situation, that’s also a huge opportunity.
Buterin doesn’t offer technical suggestions on how to accomplish this.
Finally, Buterin said that technology developments that would help Ethereum take login privileges away from Facebook, Google, Twitter and other centralized monopolies would eventually be possible. Ethereum to gain more market power in internet-based applications:
If you can sign into Ethereum and get your work done, and kick Facebook, Google, and Twitter out of the internet as login dominance, that in itself is a huge opportunity, right?
But Buterin said increasing competition and market maturity are creating fewer opportunities to fill market gaps.
Related: What are DApps?Everything you need to know about decentralized applications
The Ethereum co-founder appears to have spent the past few weeks sharing his learnings and advice on the crypto space, including optimism about the years ahead for the industry.
Blockchain-based identities, decentralized autonomous organizations (DAOs), and hybrid applications, Buterin said on Dec. 5 as well. Get him excited about the future of Ethereum and decentralized technology.
A few days ago, on December 3rd, the co-founder of Ethereum reiterated the importance of having a long-term view for traders. Emphasis is placed on technology development rather than price.
In the wake of FTX’s demise, Buterin asked traders and investors on Nov. 21 to consider the level of human influence they can exert over the protocol, Put your trust in open and transparent code more than in humans.
