MyEtherWallet CEO: Use Blockchain for Decentralized Products for Security

• MyEtherWallet’s CEO believes that blockchain technology should be used to build 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.

MyEtherWallet is a non-custodial wallet that was launched two weeks after the Ethereum mainnet launch. Recently, the company’s CEO Kosala Hemachandra spoke to Cointelegraph about his views on blockchain technology. He believes that blockchain should be used for decentralised purposes, and that creating centralised products defeats the purpose of using blockchain technology.

Hemachandra stated that MyEtherWallet remains a decentralised wallet because they believe it is the best way to use blockchain technology. He added that self-custody has been gaining a lot of traction in the cryptocurrency space since the collapse of the FTX crypto exchange two months ago. MyEtherWallet is one of the oldest non-custodial wallets in the Ethereum ecosystem, and it continues to offer its users a secure and reliable service.

The MyEtherWallet team is committed to furthering the development of a decentralised ecosystem. They are constantly working on new features and services that will enable users to have full control over their digital assets. The team also plans to launch an airdrop in the near future, as a way to reward existing users and to attract new users to the platform.

With the increasing popularity of blockchain technology, it is important for companies like MyEtherWallet to stay true to their core principles and remain committed to providing a secure and decentralised service. The team is focused on making sure that their users have full control over their digital assets and that their data remains safe and secure. The company is also constantly striving to ensure that they are up to date with the latest technology and security protocols.