One of the world’s largest messaging platforms Telegram The statements made by founder Pavel Durov today had a great impact in the crypto industry. Durov first created a post on Telegram. crypto exchange and wallet app announced their plans to create
Durov, in a statement on his official Telegram channel on November 30, stated that this initiative will contribute to breaking the centralization on the crypto sector. Telegram’s boss drew attention to the risk of centralized crypto exchanges, citing the collapse of FTX as an example.
“Telegram’s next step will be the decentralized exchange-wallet application that we will install so that users can trade and store their cryptocurrencies.”
“Crypto Centralizes”
The Telegram founder thinks that the blockchain industry has deviated from its purpose over time. FTX’s bankruptcy is not a surprise, Durov said, as power is concentrated in a few institutions. If the CEO is to solve this problem, blockchain stated that their projects should give importance to decentralization again.
Pavel Durov also gave some advice for blockchain developers.
“Developers should work on products that can be easily understood by large audiences and have an impact on their lives.”
“Ethereum is Obsolete!”
Telegram CEO, in his statement that he started with a plan to establish an exchange Ethereum also criticized. According to Durov, the fees are still expensive, even with significant upgrades to the ETH network in recent months. CEO for Ethereum “outdated” used the phrase.
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