Published: 27.04.2022
Article reading time:
1 min.
President of AvaLabs, which developed the Avalanche blockchain, John Woo spoke about plans to launch his own wallet and his vision of how it should work.
In a recent Decrypt podcast, John Wu said that the Avalanche team plans to develop their own wallet that will be easy to use for people who are completely ignorant of cryptocurrencies.
“If we really want to expand the market and attract new users, we should target people who are used to simple investment tools. These people don’t have time to understand complex APIs and other subtleties – they need ease of use,” Wu said.
As an example, he cited platforms such as PayPal and Square, which even users far from digital technologies learn to work with quickly and organically. Wu says AvaLabs is looking to build something similar.
The new AvaLabs Core wallet aims to simplify Avalanche transactions and support new assets such as Bitcoin. The difficulty is that the Avalanche architecture does not allow this, since it is focused on the Ethereum network and other blockchains that are compatible with it. Someone has to figure out how to bring these ecosystems together, Wu said, and if the Avalanche team doesn’t do it, someone else will.
Recall that in November last year, Avalanche announced the launch of a $200 million Blizzard venture fund and an incubator focused on AVAX projects.
Source: Bits
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