Saturday, February 27, 2021
Home Latest News Ethereum Latest crypto wallets are not ready for mainstream adoption, Vitalik Buterin said

Latest crypto wallets are not ready for mainstream adoption, Vitalik Buterin said

Buterin Calls for More User-Friendly Crypto Wallets for Non-Technical Users

On December 10, 2020, Vitalik Buterin took part in an interview with renowned crypto podcaster and businessman Andreas Antonopoulos during the 4th day of Labitconf 2020. As the new ones are “insecure,” the Canadian-Russian programmer pointed out the need for more user-friendly crypto wallets.

Buterin points out that the crypto community did not assign enough importance to the security topics, making it easy if a wallet is hacked to lose large quantities of digital assets. The co-founder of Ethereum has also said: In my opinion, we don’t talk about the security issues enough because no one is willing to admit they lost $200,000, because if you admit you lost $200,000, you look like an idiot.

The podcaster added to the discussion that “being your own bank” carries responsibilities that people even don’t understand fully is another topic that hasn’t been addressed.

Buterin emphasized that the community also has to recognize that crypto leaders are searching for solutions that can serve all people, “not just a single group of people,” and that is why the crypto-ecosystem has to be “more proactive to minimize the risks” of the protocols now used.More from the security side of crypto wallets was commented by Ethereum co-founder: The fact is that even if you are a super genius or capable of being really careful, the reality is a system that requires you to expend less effort on not losing your stuff is a better system.

Subscribe to our newsletter

To be updated with all the latest news, offers and special announcements.


Please enter your comment!
Please enter your name here

- Advertisment -

Must Read

Ethereum Hits USD 2,000

Despite its recent high fees-caused problems that helped competitors rise, ETH surpassed USD 2,000 today for the first time, while BTC, which is still...