Three “huge” prospects in the crypto world have yet to be achieved, according to Ethereum co-founder Vitalik Buterin. Said prospects include widespread wallet usage, inflation-resistant stablecoins, and website logins via Ethereum.
Buterin addressed Hoffman’s fear that the “adoption wave” for decentralised applications is now over and that there is “less opportunity” for developers to step in to create new decentralised applications during an interview with Bankless co-owner David Hoffman.
Instead, Buterin dismissed the “limbo period” Hoffman alluded to, first arguing that more advancements in wallet infrastructure are necessary to make cryptocurrency simpler for average users to use and to make sure it can support billions of users.
Second, Buterin asserted that the development of a stablecoin capable of withstanding all conditions, both on-chain and in the larger macroeconomy, would be groundbreaking for the sector. This stablecoin would need to be globally accessible and resistant to hyperinflation.
Last but not least, Buterin asserted that any technical advancements that help Ethereum usurp the login authority currently held by Facebook, Google, Twitter, and other centralised monopolies will eventually help Ethereum gain more market presence on web-based applications.
However, Buterin acknowledged that as the market matured and competition increased, it was becoming harder to fill gaps in the market.
The co-founder 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.
