Vitalik Buterin : “I think the next 10 years is when crypto has to transform into something that is...

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Vitalik Buterin : “I think the next 10 years is when crypto has to transform into something that is not based on promises of being useful in the future but is actually useful,” he said. Because a lot of applications are promising in theory, but they’re just completely not viable today”

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In a closed press conference at the ongoing ETH Seoul 2022 Hackathon, the co-founder of Ethereum (ETH) spoke on the future expectations of the Ethereum blockchain and the crypto industry in general.

“I think the next 10 years is when crypto has to transform into something that is not based on promises of being useful in the future but is actually useful,” he said. Because a lot of applications are promising in theory, but they’re just completely not viable because of scaling issues today,” he said.

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I completely agree with Vitalik here, how many people who invest in crypto actually use it?

Most of it is just about the potential, but in the next 10 years it should be about it being “actually useful”.

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Posted: 2 years ago
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