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Vitalik Buterin reveals three “huge” cryptocurrency opportunities in 2023

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Ethereum co-founder Vitalik Buterin shared three “huge” yet-to-be-realized opportunities in the cryptocurrency space: wallet mass adoption, inflation-resistant stablecoins, and Ethereum-backed website logins.

during interview Buterin shared with David Hoffman, co-owner of Bankless, his outlook for the crypto industry in 2023, in response to Hoffman’s growing concern that the “adoption wave” of decentralized applications is now over and that there is “less chance” of For developers to enter and build new decentralized applications.

Instead, Buterin brushed off the “limit period” that Hoffman had eluded, initially stating that more developments should be made on the wallet infrastructure to make it easier for ordinary people to use cryptocurrencies and ensure it can accommodate billions of users.

“If you can build a wallet that will be used by a billion people – that is a huge opportunity,” said the co-founder of Ethereum.

Secondly, Buterin said that the creation of A.I An inflation-proof and globally accessible stablecoin It can withstand all kinds of conditions – whether at the chain level or in the broader macro economy – it would be revolutionary for the industry:

“If you can create a stablecoin that can actually survive even, including, USD hyperinflation […] This is also a great opportunity if you can create something that seems to be a lifeline for everyone who is in this situation.”

Buterin, you haven’t made any technical suggestions on how to achieve this.

Finally, Buterin said that any technical developments that contribute to Ethereum pulling logging powers away from Facebook, Google, Twitter and other centralized monopolies will eventually enable Ethereum to seize more market dominance for Internet-based applications:

“If you can log in with Ethereum for work and if you can dethrone Facebook, Google and Twitter as the login moguls of the internet, that in itself is a huge opportunity, right?”

But Buterin stated that the opportunity to fill market gaps is becoming less clear due to increased competition and market maturity.

Related: What are DApps? All there is to know about decentralized applications

The Ethereum co-founder seems to have spent the past few weeks sharing what he has learned and advice about the cryptocurrency space, including his optimism about the years ahead for the industry.

Buterin stated on December 5 that blockchain-based identity, decentralized autonomous organizations (DAOs) and hybrid applications are also Raise it up about the future of Ethereum and decentralized technologies.

A few days ago, on December 3, the co-founder of Ethereum reiterated the importance of traders taking a long-term view Focusing more on technical developments rather than price.

After the collapse of FTX, Buterin advised traders and investors on November 21 to consider the level of human influence that can be exerted on the protocol and Putting more trust in open and transparent code than in humans.