“Telegram’s next step is to create a range of decentralization tools, including unsupervised wallets and decentralized exchanges, so that millions of people can safely trade and store cryptocurrency,” he wrote.
According to the founder of the messenger, the industry is now concentrated in the hands of "a minority that has begun to abuse its power."
According to Durov, it is for this reason that many people lost money after the bankruptcy of the FTX crypto exchange.
“The solution is obvious: blockchain projects must return to their roots - decentralization.
Cryptocurrency users should return to independent transactions and their own wallets that do not depend on any third parties,” he concluded.
On November 11 in the United States, the FTX crypto exchange filed for bankruptcy.
It is noted that the exchange lost $662 million per day under mysterious circumstances.
FTX co-founder and ex-CEO Sam Bankman-Fried lost his entire $16 billion fortune.