No single blockchain can carry all of DeFi right now, MyEtherWallet founder says
Scaling solutions sometimes come at the cost of decentralization. Most of DeFi's potential scaling options come at the cost of decentralization, according to Kosala Hemachandra, founder and CEO of crypto wallet solution MyEtherWallet. "From a perspective of fully decentralized blockchains, there's no blockchain that has a good enough scaling solution to support this many transactions," Hemachandra told Cointelegraph in an interview. "When you think from that perspective, Ethereum is the best solution out there."DeFi has boomed in 2020, with Ethereum arguably being the top choice for most....
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We ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry… and we throw in a few random zingers to keep them on their toes! This week, our 6 Questions go to Olga Kupchevskaya, vice president of research and development for MyEtherWallet.Olga is vice president of research and development for MyEtherWallet. She has a strong passion for learning, which brought her to blockchain technology and led her to complete a masters in computer science, with research emphasis on blockchain scalability solutions. In her role with MyEtherWallet, she oversees the....
Hype can be hectic and unorganized. The crypto space's decentralized finance niche has reached frenzied status within the crypto industry, signaled by exuberant price highs and rampant speculation."DeFi is the new overhyped concept in Ethereum," MyEtherWallet, or MEW, CEO and founder Kosala Hemachandra told Cointelegraph in an interview. "The noise is too much, so everyone is just like running around trying to figure out what the next big thing is and then putting a ton of money inside without doing enough research," he said. Back in 2019, DeFi likely brought to mind different concepts....
One of Ethereum’s most popular software wallets, MyEtherWallet, is giving users access to Ethereum 2.0 staking.
Trezor, a prominent bitcoin hardware manufacturer, officially introduced support for Ethereum users by integrating MyEtherWallet into TREZOR hardware infrastructure. MyEtherWallet is an open-source and client-side Ether wallet which allows Ethereum users to store the digital currency within a secure and non-custodial platform. Similar to bitcoin wallets like Blockchain and Electrum, MyEtherWallet doesn’t have any control and authority over user accounts, private keys and passwords, providing maximum privacy and security to its users. The non-custodial nature of MyEtherWallet eliminates the....
Decentralized finance, or DeFi, has quickly become one of the most rapidly growing industries in the blockchain space — with a vast array of novel DeFi platforms and technologies appearing each month. As an umbrella term used to describe the wide range of blockchain-based tools and protocols used to carry out financial transactions, DeFi is […]