Former CTO of Coinbase: To promote the adoption of mainstream cryptocurrencies, the encryption community needs to find different uses for different tokens.

According to AMBCrypto, Balaji Srinivasan, former chief technology officer of Coinbase, said that, like traditional economic infrastructure, such components as bonds, cash, and commodities can meet various needs and decentralized ecosystems. It is impossible to achieve through a single blockchain or cryptocurrency. In order to promote the adoption of mainstream cryptocurrencies, the encryption community needs to find different uses for different tokens. For example, Bitcoin is a superior value storage method, and Ethereum can be used to execute multiple smart contracts, which people can use. These contracts do not need to trust each other. Similarly, private transactions can also be performed using privacy-focused altcoins such as Zcash and Monero, provided they use cryptographic proof to send the transaction.