Here’s why ETH co-founder Vitalik Buterin has high hopes for crypto in 2023

  • Vitalik Buterin talked about the future of Ethereum in an interview
  • He elaborated on ETH’s use case as a wallet infrastructure and stablecoin

Vitalik Buterin, the man behind the world’s second largest cryptocurrency, Ethereum [ETH]shared his outlook for crypto in 2023.

In a interview with Bankless on December 20, Buterin talked about the measures to increase ETH adoption and bring technological advances throughout this year. Both of these segments were overshadowed by massive failures.

Plenty of room for adoption

When asked by Bankless co-owner David Hoffman about the potential for more adoption and concerns that the “adoption wave” for decentralized applications is coming to an end, the Ethereum co-founder indicated that there was still plenty of room for adoption.

Countering Hoffman’s opinion that there were “less opportunities” for developers to develop new dApps. Buterin stated that 2023 would actually provide more opportunities for developers to work on three key issues: Wallet adoption, inflation-resistant stablecoin, and Ethereum-powered website logins.

While stressing the need for a globally accessible wallet infrastructure, Buterin stated,

“If you can make a wallet that a billion people will use, that’s a huge opportunity.”

The other possibility he talked about was a stablecoin that fits in an inflationary environment. The co-founder explained,

“If you can create a stable coin that can actually survive anything up to and including a US dollar hyperinflation, that’s also a big opportunity.”

Ethereum use cases in 2023

Buterin also addressed the use cases for his own blockchain. He indicated that developers making technical contributions to take away logging power from centralized monopolies, such as Twitter and Google, would lead to increased market share for Ethereum. This was when it came to internet-based applications.

However, he warned viewers that, given the increasing competition in the market, the opportunity to exploit these market gaps was closing fast.

Other than the above possibilities, Buterin basically tired that he was excited about the future of Ethereum and decentralized technology. He was particularly looking forward to involving technology blockchain-based identity, decentralized autonomous organizations and hybrid applications.

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