{"id":15809,"date":"2023-01-06T12:56:22","date_gmt":"2023-01-06T12:56:22","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2023\/01\/06\/creating-centralised-products-defeats-the-purpose-of-using-blockchain-says-myetherwallets-ceo\/"},"modified":"2023-01-06T12:56:22","modified_gmt":"2023-01-06T12:56:22","slug":"creating-centralised-products-defeats-the-purpose-of-using-blockchain-says-myetherwallets-ceo","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2023\/01\/06\/creating-centralised-products-defeats-the-purpose-of-using-blockchain-says-myetherwallets-ceo\/","title":{"rendered":"Creating centralised products defeats the purpose of using blockchain, says MyEtherWallet&#8217;s CEO"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/06\/1654168283039-ddde6fd2-3607-4901-a699-5a47938a660f-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/06\/1654168283039-ddde6fd2-3607-4901-a699-5a47938a660f-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/06\/1654168283039-ddde6fd2-3607-4901-a699-5a47938a660f-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/06\/1654168283039-ddde6fd2-3607-4901-a699-5a47938a660f-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2022\/06\/1654168283039-ddde6fd2-3607-4901-a699-5a47938a660f.jpg\" alt=\"\" width=\"100%\" height=\"100%\"\/>\n<\/picture>\n                    <\/div>\n<ul>\n<li dir=\"ltr\">\n<p dir=\"ltr\">MyEtherWallet\u2019s CEO believes that blockchain know-how needs to be used to buid decentralised products.<\/p>\n<\/li>\n<li dir=\"ltr\">\n<p dir=\"ltr\">The CEO added that MyEtherWallet stays a decentralised pockets as a result of that&#8217;s the greatest method to make use of blockchain know-how.<\/p>\n<\/li>\n<li dir=\"ltr\">\n<p dir=\"ltr\">He added that MyEtherWallet doesn\u2019t have plans to do an airdrop but.<\/p>\n<\/li>\n<\/ul>\n<h2 dir=\"ltr\"><strong>Decentralisation is how blockchain needs to be used<\/strong><\/h2>\n<p dir=\"ltr\">Kosala Hemachandra, CEO of MyEtherWallet, instructed Cointelegraph in a\u00a0<a href=\"https:\/\/cointelegraph.com\/podcasts\" rel=\"nofollow\"><u>recent interview<\/u><\/a>, that he believes blockchain know-how needs to be used for decentralised functions.<\/p>\n<p dir=\"ltr\">According to the CEO, creating centralised products defeats the purpose of using\u00a0<a href=\"https:\/\/coinjournal.net\/glossary\/blockchain\/\" rel=\"noopener noreferrer\" target=\"_blank\"><u>blockchain technology<\/u><\/a>. He stated;<\/p>\n<p dir=\"ltr\"><em>\u201cBlockchain, at its core, is a decentralised solution, so why would we create products that are centralised? Because we are defeating the whole purpose of using blockchain.\u201d<\/em><\/p>\n<p dir=\"ltr\">Self-custody has been gaining traction in the cryptocurrency area since the\u00a0<a href=\"https:\/\/coinjournal.net\/news\/this-week-in-crypto-ftx-files-for-chapter-11-bankruptcy\/\" rel=\"noopener noreferrer\" target=\"_blank\"><u>collapse of the FTX crypto exchange<\/u><\/a> two months in the past.\u00a0<\/p>\n<p dir=\"ltr\">MyEtherWallet stays one of the oldest noncustodial wallets in the Ethereum ecosystem. According to the CEO, the pockets went stay roughly two weeks after the Ethereum mainnet launch.\u00a0<\/p>\n<p dir=\"ltr\">He added that the firm continues to function as a decentralised pockets as a result of it believes it&#8217;s the solely correct method to make use of blockchain know-how.\u00a0<\/p>\n<h2 dir=\"ltr\"><strong>MyEtherWallet not planning on doing an airdrop quickly<\/strong><\/h2>\n<p dir=\"ltr\">Hemachandra revealed that MyEtherWallet shouldn&#8217;t be planning on doing an airdrop or launch its token quickly. The CEO stated the firm doesn\u2019t see any use case for their very own tokens at the second.\u00a0<\/p>\n<p dir=\"ltr\">However, the firm is engaged on sure options to allow it to compete with Meta Mask, one other main Ethereum-focused pockets.<\/p>\n<p dir=\"ltr\">MyEtherWallet shall be including assist for extra blockchain networks, and it just lately launched a multichain browser extension. The CEO revealed that MyEtherWallet recorded a surge in customers following the FTX saga as customers search for decentralised options to storing their belongings.\u00a0<\/p>\n<p dir=\"ltr\">At the second, MyEtherWallet has greater than three million customers, most of them in the United States and Japan.\u00a0<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this text<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/creating-centralised-products-defeats-the-purpose-of-using-blockchain-says-myetherwallets-ceo\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] MyEtherWallet\u2019s CEO believes that blockchain know-how needs to be used to buid decentralised products. The CEO added that MyEtherWallet stays a decentralised pockets as a result of that&#8217;s the greatest method to make use of blockchain know-how. He added that MyEtherWallet doesn\u2019t have plans to do an airdrop but. Decentralisation is how blockchain needs [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2277,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"","ocean_second_sidebar":"","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"","ocean_custom_header_template":"","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"","ocean_menu_typo_font_family":"","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"on","ocean_gallery_id":[],"footnotes":""},"categories":[11],"tags":[382,5723,44,2050,5724,5725,2642,2420],"class_list":["post-15809","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-blockchain","tag-centralised","tag-ceo","tag-creating","tag-defeats","tag-myetherwallets","tag-products","tag-purpose","entry","has-media","owp-thumbs-layout-horizontal","owp-btn-normal","owp-tabs-layout-horizontal","has-no-thumbnails","has-product-nav"],"_links":{"self":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/15809","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/comments?post=15809"}],"version-history":[{"count":1,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/15809\/revisions"}],"predecessor-version":[{"id":15810,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/15809\/revisions\/15810"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media\/2277"}],"wp:attachment":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media?parent=15809"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/categories?post=15809"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/tags?post=15809"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}