FTX CEO Sam Bankman-Fried Says No Blockchain Has Reached Required Scalability
FTX CEO Sam Bankman-Fried recently shared his take on cryptocurrency on a long Twitter thread.
He highlighted the growing tensions between regulators and cryptocurrency companies as one of the key issues in the industry that is increasingly frustrating on both sides.
Bankman-Fried believes that there should be a unified regulatory regime for the cryptocurrency business to avoid regulatory gaps.
“The goal of all this is to become stronger. Ensure customer protection and clear regulation so that consumers and businesses are comfortable interacting with the digital asset ecosystem, ”he added.
He also stated that existing blockchains are not fast enough for the cryptocurrency to gain massive acceptance. He added that no chain has reached the required level of scalability.
“I always laugh when some blockchain says they are already fast. Not! Fast is millions of TPS. Nobody has achieved this yet, ”he said.
In addition, the entrepreneur added that in order to accelerate the mass adoption of cryptocurrencies, it is necessary to interact with gamers, as this could potentially help adapt billions