The current harsh conditions of the market still cannot stop founder Vitalik Buterin from continuing his mission of building and innovating the crypto industry.
In an interview with Bankless' David Hoffman, Ethereum founder Vitalik Buterin shared his outlook for the cryptocurrency industry in 2023, addressing Hoffman's growing concerns that the wave of adoption of decentralized applications is now over and there are fewer opportunities for developers in the future.
Ethereum in 2023 💫
w/ @VitalikButerin 🌈 What in the ecosystem excites him? ⛔ Why are crypto villains getting worse? 💡How Ethereum solves the identity problem? ✅ Why is simple DeFi good & complicated DeFi is bad? 👇Another must-watch Vitalik ep.https://t.co/rn1RC5JVUm 👇pic.twitter.com/vA3WzUq0HA — Bankless (@BanklessHQ) December 19, 2022
Accordingly, Vitalik Buterin shared three major opportunities yet to be realized by crypto that he expects to achieve, including mass adoption of cryptocurrency wallets, inflation-resistant stablecoins, and ubiquitous use by Ethereum-powered websites.
If the process of developing more crypto wallet infrastructure to make it easier for people to use and ensure that the product is capable of receiving billions of users, for stablecoins, Vitalik Buterin sees the creation of a stablecoin that is resistant to inflation, Being globally accessible and withstanding all kinds of conditions that exist, both on-chain and in the broader macroeconomy, would be a revolution for the industry.
"If we can create a stablecoin that can actually survive in a variety of environments, including escalating Inflation in the U.S. dollar, it will open up a lifesaving solution for people to overcome this difficulty."
Ultimately, the Ethereum founder said any technical developments that contribute to Ethereum taking away login rights from Facebook, Google, Twitter, and other centralized monopolies will eventually allow Ethereum to gain more market dominance over Internet-based applications.
"Imagine being able to log in with Ethereum to work and being able to replace Facebook, Google and Twitter as the *rulers* on the Internet, that's a big opportunity, right?"
However, it seems that in the context of the "freeze" at the moment, Vitalik Buterin has more to share about his expectations for the industry in the near future, as an effort to strengthen those who are still clinging to the market.
Not only through a detailed interview with Bankless, the Ethereum founder also posted an article on his personal page in early December 2022 to impart his knowledge and advice to the blockchain space with his optimism about the coming years.