Circle CEO says blockchain industry is transitioning from dial-up to broadband phase
Cointelegraph
Published Sep 28, 2022 03:30PM ET
Updated Sep 28, 2022 05:00PM ET
At the Converge22 conference in San Francisco, Jeremy Allaire, CEO of stablecoin issuer Circle, said that the world is finally moving from the speculative value phase of crypto to the utility phase. Drawing parallels to the early days of the internet, he said:
As told by Allaire, there are currently on-chain mechanisms to ensure safe, trustworthy interactions between crypto users. However, there need to be “advancements” in technologies such as zero-knowledge proofs that prove identities and credentials while simultaneously ensuring individuals’ privacy:
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Written By: Cointelegraph
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