Vitalik Buterin outlines three key paths for crypto adoption

Mass adoption of non-custodial wallets, inflation-resistant stablecoins and website accounts that support Ethereum technology represent ‘huge’ opportunities that remain to be realized. This was stated by Ethereum co-founder Vitalik Buterin.

Buterin responded to concerns about completing the ‘wave of adoption’ dapps and the narrowing of such opportunities for developers.

The Ethereum cofounder proposed making additional changes to the non-custodial wallet infrastructure so that ‘billions’ of people far from the industry could begin using them.

The revolution could also be driven by those who create a globally accessible stablecoin capable of withstanding any conditions — both on-chain and in macroeconomic contexts, up to hyperinflation of the US dollar.

An additional driver of adoption, in Buterin’s view, is the prospect of reducing the influence of centralized monopolies on the market for internet applications.

“If you can sign in using Ethereum and push Facebook, Google and Twitter out as the ‘masters of internet login’, that’s a huge opportunity in itself, isn’t it?”, he asked.

The expert acknowledged that the market is moving to a more mature state, competition is intensifying, so the possibility of capturing such niches is becoming less obvious.

Last year, among notable events, Buterin highlighted The Merge and the development of zk-Rollups — from a ‘pie-in-the-sky dream’ to plans to launch the mainnet in the near future. Before that, he named the technology a priority tool for solving Ethereum’s scalability problem.

In December, Buterin описал five directions for developing the ecosystem of the second-largest cryptocurrency that inspire him.

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