MyEtherWallet CEO: Decentralisation is the Future of Blockchain Technology

• MyEtherWallet’s CEO believes that blockchain technology should be used to buid decentralised products.
• The CEO added that MyEtherWallet remains a decentralised wallet because that is the best way to use blockchain technology.
• Self-custody has been gaining traction in the cryptocurrency space since the collapse of the FTX crypto exchange two months ago.

Kosala Hemachandra, CEO of MyEtherWallet, recently discussed the importance of using blockchain technology for decentralised purposes. He believes that creating centralised products defeats the purpose of using blockchain technology.

The CEO added that MyEtherWallet remains a decentralised wallet because it is the best way to use blockchain technology. He noted that the wallet went live roughly two weeks after the Ethereum mainnet launch, and that the company continues to operate as a decentralised wallet to this day.

Self-custody has been gaining traction in the cryptocurrency space since the collapse of the FTX crypto exchange two months ago. MyEtherWallet remains one of the oldest noncustodial wallets in the Ethereum ecosystem. The CEO noted that the company has no plans to do an airdrop yet, emphasizing the importance of staying true to its decentralised ethos.

Hemachandra believes that decentralisation is the future of blockchain technology. He believes that the increased adoption of blockchain technology and decentralised applications will lead to the creation of a more secure and trustless economy. He concluded by saying that the company will continue to develop innovative products and services that promote the use of blockchain technology for decentralised purposes.