MyEtherWallet’s CEO believes that blockchain know-how ought to be used to buid decentralised products.
The CEO added that MyEtherWallet stays a decentralised pockets as a result of that’s the greatest manner to make use of blockchain know-how.
He added that MyEtherWallet doesn’t have plans to do an airdrop but.
Decentralisation is how blockchain ought to be used
Kosala Hemachandra, CEO of MyEtherWallet, instructed Cointelegraph in a recent interview, that he believes blockchain know-how ought to be used for decentralised functions.
According to the CEO, creating centralised products defeats the purpose of using blockchain technology. He mentioned;
“Blockchain, 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.”
Self-custody has been gaining traction in the cryptocurrency house since the collapse of the FTX crypto exchange two months in the past.
MyEtherWallet stays one of the oldest noncustodial wallets in the Ethereum ecosystem. According to the CEO, the pockets went dwell roughly two weeks after the Ethereum mainnet launch.
He added that the firm continues to function as a decentralised pockets as a result of it believes it’s the solely correct manner to make use of blockchain know-how.
MyEtherWallet not planning on doing an airdrop quickly
Hemachandra revealed that MyEtherWallet is just not planning on doing an airdrop or launch its token quickly. The CEO mentioned the firm doesn’t see any use case for their very own tokens at the second.
However, the firm is engaged on sure options to allow it to compete with Meta Mask, one other main Ethereum-focused pockets.
MyEtherWallet might be including help 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.
At the second, MyEtherWallet has greater than three million customers, most of them in the United States and Japan.
