Pavel Durov, the founding father of Telegram, introduced that the corporate would launch a spread of decentralized cryptocurrency merchandise, together with a decentralized change (DEX) and a non-custodial pockets.
Telegram's subsequent step is to construct a set of decentralized instruments, together with non-custodial wallets and decentralized exchanges for hundreds of thousands of individuals to securely commerce and retailer cryptocurrencies. This manner we will repair the wrongs attributable to the present extreme centralization.
— Pavel Durov (@durov) November 30, 2022
The CEO made the announcement on Wednesday by way of his Telegram channel amid the continued disaster following the collapse of the crypto change FTX.
“The blockchain business was constructed on the promise of decentralization, however ended up being concentrated within the fingers of some who started to abuse their energy, ” Pavel mentioned.
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