The current condition of Crypto is similar to the “American Online” era on the Internet (AOL) in the late 1990s, when it was a family user experience, technology, characterized by limited use cases, and it was transferred at the phone call speeds, according to Polygon Sandeep Nailwal.
In an interview with cointelegraph, Nailwal has selected many major areas of development to improve the user experience, including smooth slopes on and outside the slopes, nursery solutions that are characterized by the main recovery, and the portfolios of integrated devices in mobile devices.
“We are in the internet phone connection era where even internet connection was an arduous task, as you should have been a small engineer to be able to connect to the Internet-we are still there to encryption.” – Sandeep Nailwal
“We may still be in 1998, and it will take at least 10 to 15 years to see the encryption in its full glory,” the founder added.
While it is considered revolutionary at the time, the AOL Internet days were characterized by limited functions and a large barrier to entering. source: Computer Magazine
It took the internet between 30-40 years to achieve collective accreditation And it started with a limited number of cases of use. In the late 1990s, the AOL Internet era focused primarily on e -mail and browsing the basic web, but today, the Internet includes the entire economy.
Nilwal said that the current condition of encryption is similar, with cases of financial use, Special market speculationBeing the primary coding axis at this time.
However, once fully developed financial use cases and adequate dependence, the dependence of the encryption will spread to Alternative use cases He said that social media is decentralized, games and other specialized sectors.
Related to: Summary security concerns adopting encrypted payment all over the world – survey
It takes place in the encryption today early for the party
Nailwal noted that even the foundation of encrypted currencies, which is financially, has not been fully developed.
According to February 2025 a report From Bitcoin (BTC(Financial Services Company, River, only 4 % of individuals around the world BTC – It is the original cryptocurrency with the largest market ceiling and has a most attractive.
The path of adoption of bitcoin. source: river
The report found that BTC only achieved about 3 % of the total adoption path, the total processing market, and the appropriate wallet allocations.
This small number of BTC holders indicates that the adoption of the encryption block is still out of years and signs that the entire industry is still in Early adoption stage Development.
magazine: They have solved the Ux Janky Ux problem – you haven’t noticed yet
