Pavel Durov spoke about the future of Telegram and decentralization
In his Telegram channel, Pavel Durov said about the blockchain industry, decentralization and the future of Telegram.
Here are brief theses:
• The blockchain industry was built on the promise of decentralization, but ended up being concentrated in the hands of a few who began to abuse their power. (He also mentioned FTX bankrupt, ed.)
• Cryptocurrency users should switch to trustless transactions and self-hosted wallets that don't rely on any single third party.
• It took only 5 weeks and 5 people including myself to put together Fragment — a fully decentralized auction platform.
• Fragment has been an amazing success, with 50 million USD worth of usernames sold there in less than a month and this week, Fragment will expand beyond usernames (Probably anonymous numbers, ed.)
• Telegram's next step is to build a set of decentralized tools, including non-custodial wallets and decentralized exchanges for millions of people to securely trade and store cryptocurrencies. This way we can fix the wrongs caused by the excessive centralization, which let down hundreds of thousands of cryptocurrency users.
In his Telegram channel, Pavel Durov said about the blockchain industry, decentralization and the future of Telegram.
Here are brief theses:
• The blockchain industry was built on the promise of decentralization, but ended up being concentrated in the hands of a few who began to abuse their power. (He also mentioned FTX bankrupt, ed.)
• Cryptocurrency users should switch to trustless transactions and self-hosted wallets that don't rely on any single third party.
• It took only 5 weeks and 5 people including myself to put together Fragment — a fully decentralized auction platform.
• Fragment has been an amazing success, with 50 million USD worth of usernames sold there in less than a month and this week, Fragment will expand beyond usernames (Probably anonymous numbers, ed.)
• Telegram's next step is to build a set of decentralized tools, including non-custodial wallets and decentralized exchanges for millions of people to securely trade and store cryptocurrencies. This way we can fix the wrongs caused by the excessive centralization, which let down hundreds of thousands of cryptocurrency users.