Its not going to be built on Hype

Vitalik Buterin, co-founder of Ethereum, spoke about the future of the cryptocurrency world during an interview with Smart Valor. He also talked about encrypted mass adoption for the next few years. Buterin is one of the most important and relevant figures in the virtual currency space.

He started the conversation talking about how cryptographic space is moving forward. He noted that cryptocurrencies have basically evolved in recent years. According to Buterin, blockchain technology and virtual currencies continue to grow year after year. He said that there are people in many different universities who are interested in technology and are trying to learn more about space.

Furthermore, he added that the market has also seen and experienced enormous progress in terms of regulatory issues. By the way, he said that the regulatory environment seems to remain friendly. However, he explained that there are things that need to be resolved so that developers and team members do not have problems when they build different projects.

The co-founder of Ethereum also spoke about cryptocurrencies and the market. From the beginning of the year, virtual currencies have suffered a significant drop in their price. Ethereum (ETH), for example, has lost the second position it has had during most of the current year. XRP was able to overcome it and maintain that position for a longer period of time than in the past.

However, most virtual currencies have lost more than half of their value from the beginning of the current year. The worst tokens have lost more than 95% of their price.

Buterin believes that the crypto world needs more "actula applications" to keep moving forward.

By the way, he commented:

"As fundamentally the next wave of cryptographic adoption will not be built on hype because the hype has basically already arrived in. It has to come from really useful applications and things that value people."

At the time of writing, Ethereum is the third largest virtual currency on the market. It has a market capitalization of $ 12.18 billion and each ETH can be purchased for $ 117 dollars.