The current cryptographic state is similar to the “America Online” (AOL) internet era in the overdue 90s, when the user’s sensations were steadfast, technical, containing constrained operate cases and transferred with the selection speeds, according to co -founder Polygon Sandeep Nailwal.
In an interview with Cointelegraph, Nailwalwal identified several key areas of development to improve the user’s experience, including trouble -free and outside the ramp, care solutions that contain key recovery and hardware wallets built into mobile devices.
“We are in the Internet era, where even connecting to the Internet was a tedious task, just like you had to be a mini-service to be able to connect to the Internet-we are in crypto.” —Sandeep Nailwalwal
“We are probably still in 1998 and it will take at least 10 to 15 years to see the crypto in full glory,” added the founder of Polygon.
Although then considered revolutionary, Aol Days of the Internet contained constrained functionality and a high entry barrier. Source: PC warehouse
The internet took 30 to 40 years to achieve a massive party and began with a constrained number of cases of operate. At the end of the 1990s, the AOL era on the Internet focused primarily on E -Mail and basic browsing of websites, but today the Internet covers the entire economy.
Nailwal said that the current cryptographic state is similar, and cases of financial operate, especially speculation on the market, are at this time the main goal of cryptocurrencies.
However, after full development and achieving cases of financial operate and achieving a sufficient acceptance, the acceptance of cryptocurrencies will spread to alternative operate cases, such as decentralized social media, games and other niche sectors, he said.
Related: Service concerns sluggish acceptance of cryptographic payments around the world – survey
Being in cryptography is early at the party
Nailwal pointed out that even the basic case of using cryptocurrencies, which is financial, has not been fully developed.
According to February 2025 report From Bitcoin (BTC) Financial Services River only 4% of people around the world BTC – which is the original cryptocurrency with the largest market capitalization and has the most main appeal.
Bitcoin adoption path. Source: River
The report showed that BTC reached only about 3% of the total adoption path when the institutions, the total address market and appropriate portfolio allocations.
This tiny number of BTC owners indicate that the mass adoption of cryptocurrencies has been still for many years and signals that the entire industry is still in the early stages of development.
Warehouse: They solved Janky UX Crypto – you just haven’t noticed yet
