In a recent conference held in Singapore, Vitalik Buterin, co-founder of the Ethereum (CRYPTO: ETH) blockchain, expressed his positive outlook on the future of cryptocurrencies, despite recent industry challenges.
What Happened: Buterin highlighted the importance of the “baptisms of fire” that the crypto industry has undergone, in an interview with Nikkei Asia published on Monday, which has exposed its weaknesses and spurred necessary improvements.
He cited the collapse of FTX as a prominent example of the dangers linked to centralized platforms. The downfall of FTX, under the leadership of Sam Bankman-Fried, revealed vulnerabilities in centralized exchanges, according to Buterin. He advocates for technological advancements, such as multi-signature wallets, …
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