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Vitalik Buterin, the co-founder of Ethereum, listed three massive prospects in the cryptocurrency space that have not yet been fully realized. These are widespread wallet adoption, inflation-resistant stablecoins, and website logins that use Ethereum.
Ethereum Co-Founder Suggests Prospects for Crypto
Buterin addressed Hoffman's fear that the adoption wave for decentralized applications is now gone and that there is less possibility for developers to step in and create new decentralized applications during a conversation with Bankless co-owner David Hoffman. Instead, Buterin dismissed the limbo phase Hoffman alluded to, first arguing that additional advancements in wallet infrastructure are necessary to make cryptocurrency simpler for average consumers to employ and to ensure it can support billions of users.
Development of Stablecoins and Technology
Additionally, Buterin asserted that the development of a stablecoin capable of withstanding all circumstances, both on-chain and in the larger macroeconomy, would be transformative for the sector. This stablecoin would need to be globally accessible and immune to hyperinflation. Last but not least, Buterin asserted that any technological advancements that help Ethereum take the login authority currently held by Facebook, Google, and Twitter. Additionally, other centralized monopolies would eventually help Ethereum gain more market share on web-based apps.
Education About Cryptocurrency Sector
However, Buterin acknowledged that as the business matured and competition increased, it was getting harder to fill holes in the market. The co-founder of Ethereum seems to have spent the past few weeks educating others about the cryptocurrency sector and offering guidance, along with his upbeat outlook on the years to come.