CEO of Coinbase, Brian Armstrong has taken it to Twitter to talk about his recent fireside chat with Ben Horowitz. In the long thread, the CEO had expressed his beliefs in significant cryptocurrency growth in 2020.
Armstrong has also expressed his concern on the biggest areas of development that the crypto community, in general, could improve in terms of scalability, privacy, decentralized identity and having effective developer tools.
In short, he believes blockchain needs to get to at least thousands of transactions per second (TPS) to get mainstream adoption yet remain very private for users. Besides, decentralized identity is needed for users and their payment preferences to be recognized instantly on the platform.
In conclusion: I think it's still very much up in the air which blockchain will help get crypto from ~50M users to 5B. The chain that manages to ship some of these scalability, privacy, decentralized identity, and developer tool solutions will have a big leg up.
— Brian Armstrong (@brian_armstrong) March 4, 2020
However, the CEO of the crypto exchange believes that it is possible for the cryptocurrency market to expand with 80% of the world leveraging on it. Additionally, Armstrong tweeted that the blockchain that manages to solve scalability, privacy, decentralized identity, and developer tool solutions will have the best chance of doing so.
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