The creator of Ethereum believes that the 1000x crypto growth days have gone



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<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "According to Vitalik Buterin, the co-creator of Ethereum the days of the growth of 1000 times seen in 2017 in the cryptocurrency sector have disappeared. "Data-reactid =" 27 "> According to Vitalik Buterin, co-creator of Ethereum, the days of the growth of 1000 times in 2017 in the cryptocurrency sector they disappeared.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Speaking with Bloomberg Buterin emphasized that the awareness of cryptocurrencies and blockchain technology has already reached its peak in December 2017, when the price of the major cryptocurrencies like Bitcoin, Ethereum, Ripple and Bitcoin Cash showed returns from 10 to 300 times. reactid = "28"> Speaking to Bloomberg, Buterin stressed that the awareness of cryptocurrencies and blockchain technology has already reached its peak in December 2017, when the price of the major cryptocurrencies like Bitcoin, Ethereum, Ripple and Bitcoin Cash showed Returns from 10 to 300 times.

"The space of the blockchain is coming to the point where there is a ceiling in sight." If you talk to the average educated person at this point, they probably have heard of blockchain at least once. it is more the opportunity of another 1,000 times of growth in anything in space, "he said.

Transition from promotion to true adoption

Last year's speculative bubble led the overwhelming majority to take an interest in cryptocurrencies as emerging asset classes. Over the next few years, Buterin has stated that the industry will focus on improving the usability and accessibility of decentralized systems rather than on the promotion and collection of interest.

<p class = "canvas-text canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Buterin explained that the strategy of promoting the blockchain technology and cryptocurrency for the broadest consumer base is coming to a standstill and it is time to improve decentralized systems infrastructure, applications ( dApps ) and protocols to encourage consumers to engage in platforms based su blockchain. "data-reactid =" 32 "> Buterin explained that the strategy of promoting blockchain technology and cryptocurrencies for the broader consumer base is coming to a standstill and that it is time to improve the infrastructure of decentralized systems, applications (dApps) and protocols to encourage consumers to engage in blockchain-based platforms.

"Moving from people interested in the real applications of real economic activity", he said, adding "that the strategy [promoting the blockchain to the broader consumer base] is approaching a standstill." [19659006] price ethereum "class =" JsEnabled_Op (0) JsEnabled_Bg (n) Trsdu (.42s) Bgr (nr) Bgz (cv) StretchedBox W (100%) H (100%) ie-7_H (a) "itemprop = "url" style = "background-image: url (https://s.yimg.com/ny/api/res/1.2/NJOXRyvodnLzY6Cyx2SWKw–~A/YXBwaWQ9aGlnaGxhbmRlcjtzbT0xO3c9Njg1O2g9NTgw/http://media.zenfs.com/en- US / homerun / ccn_656 / 8efd8ee3d2517535bf8b16a13609c03f); "src =" https://s.yimg.com/g/images/spaceball.gif "data-reactid =" 39 "/>

In the next months and years, to achieve true mainstream adoption, dApp developers will have to ensure that the use of decentralized systems is as efficient and efficient as centralized platforms.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm "type =" text "content =" For example, app like Peepeth, a decentralized alternative to Twitter, which was recently to discuss on Joe Rogan Podcast users must submit Ether or gas whenever an information is to be transmitted to the Ethereum network. "data-reactid =" 47 "> For example, apps like Peepeth, a decentralized alternative to Twitter, which was recently discussed on Joe Rogan Podcast, require users to send Ether or gas whenever a & # 39; information must be transmitted to the Ethereum mainnet.

The simple transition from cash to cryptocurrencies can already be difficult and technically difficult for most people, so requiring users to use MetaMask to process gas on a dApp across the Ethereum network could to be very complicated for the most part.

How the decentralized exchange of cryptocurrencies CEO of Kyber Network, Loi Luu, said in the near future that dApp will have to improve its interface users to refine and simplify the process of using systems blockchain-based.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – type sm" = "text" content = "" I think it's h and the user interface is not good enough Users are not familiar with the decentralized exchanges, they are more familiar with Binance or Bittrex. That's why we wanted to make it really easy to use for the user. So we do not focus on the decentralized aspect of it. We focus more on the usability aspect of it, "said Luu recognizing that the current user interface of decentralized exchanges and dApp is not efficient enough." Data-reactid = "50"> "I think that's because the user interface is not good enough.The users are not familiar with the decentralized exchanges; they are more familiar with Binance or Bittrex.That's why we wanted to make it really easy for the user to use. We focus on the decentralized aspect of it – we focus more on the usability aspect of it, "Luu said, acknowledging that the current user interface of decentralized exchanges and dApps is not efficient enough.

Protocol and dApps improvements

On the protocol side, the open-source developer The Ethereum community is working on the implementation of Sharding and Plasma, two solutions that should greatly increase the scalability of the Ethereum network.

Other projects such as Cardano and Zilliqa are working on proof-of-stake (PoS) and Sharding alternative solutions as alternatives to solutions based on plasma and Ethereum.

However, the front-end and UI side of dApps and decentralized systems generally need significant improvements, especially if dApps are to target the consumer base of widely used centralized platforms.

<p class = "canvas-text canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = " Featured Image by TechCrunch / Flickr. Charts of TradingView . "data-reactid =" 55 "> Close-up image of TechCrunch / Flickr. TradingView Charts.

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