bitcoin
Bitcoin (BTC) $ 23,171.21
ethereum
Ethereum (ETH) $ 1,587.21
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 312.46
usd-coin
USD Coin (USDC) $ 1.00
xrp
XRP (XRP) $ 0.407641
binance-usd
Binance USD (BUSD) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.096457
cardano
Cardano (ADA) $ 0.392548
solana
Solana (SOL) $ 23.96
matic-network
Polygon (MATIC) $ 1.11
polkadot
Polkadot (DOT) $ 6.27
tron
TRON (TRX) $ 0.062328
bitcoin
Bitcoin (BTC) $ 23,171.21
ethereum
Ethereum (ETH) $ 1,587.21
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 312.46
usd-coin
USD Coin (USDC) $ 1.00
xrp
XRP (XRP) $ 0.407641
binance-usd
Binance USD (BUSD) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.096457
cardano
Cardano (ADA) $ 0.392548
solana
Solana (SOL) $ 23.96
matic-network
Polygon (MATIC) $ 1.11
polkadot
Polkadot (DOT) $ 6.27
tron
TRON (TRX) $ 0.062328
-10.3 C
Chicago
HomeMarket UpdatesCreating centralised merchandise defeats the aim of utilizing blockchain, says MyEtherWallet's CEO

Creating centralised merchandise defeats the aim of utilizing blockchain, says MyEtherWallet’s CEO


  • MyEtherWallet’s CEO believes that blockchain expertise ought to be used to buid decentralised merchandise.

  • The CEO added that MyEtherWallet stays a decentralised pockets as a result of that’s one of the best ways to make use of blockchain expertise.

  • He added that MyEtherWallet doesn’t have plans to do an airdrop but.

Decentralisation is how blockchain ought to be used

Kosala Hemachandra, CEO of MyEtherWallet, advised Cointelegraph in a current interview, that he believes blockchain expertise ought to be used for decentralised functions.

In accordance with the CEO, creating centralised merchandise defeats the aim of utilizing blockchain expertise. He stated;

“Blockchain, at its core, is a decentralised answer, so why would we create merchandise which can be centralised? As a result of we’re defeating the entire function of utilizing blockchain.”

Self-custody has been gaining traction within the cryptocurrency house because the collapse of the FTX crypto alternate two months in the past. 

MyEtherWallet stays one of many oldest noncustodial wallets within the Ethereum ecosystem. In accordance with the CEO, the pockets went reside roughly two weeks after the Ethereum mainnet launch. 

He added that the corporate continues to function as a decentralised pockets as a result of it believes it’s the solely correct manner to make use of blockchain expertise. 

MyEtherWallet not planning on doing an airdrop quickly

Hemachandra revealed that MyEtherWallet isn’t planning on doing an airdrop or launch its token quickly. The CEO stated the corporate doesn’t see any use case for their very own tokens for the time being. 

Nevertheless, the corporate is engaged on sure options to allow it to compete with Meta Masks, one other main Ethereum-focused pockets.

See also  Crypto winter could not finish anytime quickly

MyEtherWallet will probably be including help for extra blockchain networks, and it not too long ago launched a multichain browser extension. The CEO revealed that MyEtherWallet recorded a surge in customers following the FTX saga as customers search for decentralised options to storing their property. 

In the meanwhile, MyEtherWallet has greater than three million customers, most of them in the USA and Japan. 

CoinsTeacher

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest Articles

Explore More

Related Articles