Pavel Durov, CEO of Telegram, emphasized the importance of the principle of “decentralization”, citing the crisis experienced by the cryptocurrency exchange FTX.
Telegram CEO Durov, in his statements on his social media account, “blockchain projects need to go back to their roots” told.
The collapse of the cryptocurrency exchange FTX caused many individuals and companies to lose large amounts of money. FTX’s global 1 million creditors estimating the company’s debts 3 billion dollars exceeds.
“The promise of decentralization was at the heart of the blockchain industry, but the industry now revolves around a small group of abusers,” said Telegram CEO. said and said:
“The solution is out there: blockchain-based projects need to return to their roots, to decentralization. Cryptocurrency users should make trustless transactions and control their own wallets.”
In his statements about FTX, Pavel Durov also fragment named a new decentralized auction project announced their development. In Fragment, which uses The Open Network infrastructure, known as TON for short. $50 million worth of sales in one month specified.