Pavel Durov will release a set of tools to create decentralized applications – Bits Media

The founder of the Telegram messenger Pavel Durov said, that I decided to release a set of tools to create a full spectrum of decentralized applications, including cryptocurrency exchanges and wallets.

He substantiated his decision with the collapse of the FTX exchange and the need for cryptocurrency projects to return to the roots - to decentralization.

“The blockchain industry was created to decentralize, However, in the end, the authorities concentrated in the hands of several people, who became these users. As a result, Many lost money in bankruptcy of one of the largest FTX exchanges. Users must switch to the use of decentralized solutions and their own wallets, Do not rely on any third-party service ", - writes the founder of Telegram.

Durov said, that Telegram already has a decentralized Figment solution. This is an auction platform for the sale of user names, whose turnover only exceeded a month $50 million. Moreover, thanks to the use of the Ton platform, the creation of FIGMENT by the forces of five people took everything 5 weeks.

“The Ton platform is fast enough and effective for the work of popular applications (Unlike the Ethereum, which the, Unfortunately, too old and dear even after recent updates). The next step will be the creation of a set of decentralized tools, Including non -cocked wallets and decentralized exchanges for millions of users. So we can fix excessive centralization ", - said Pavel Durov.

It is still unknown, when exactly new tools will be released. Earlier on Bits.media, large -scale material was published about the effect of FTX collapse on cryptocurrency industry.