Currently, encryption is similar to the “america Online” (AOL) era on the Internet in the late 1990s, and when the user experience has a foolish and restrictive useful case, and when moving at the telephone connection speed, the Sandeep Nailwal of Polygon is as follows.
In an interview with COINTELEGRAPH, Nailwal has identified various major development areas to improve the user experience, including smooth fiat on and off -lamps, custody solutions featuring major recovery and hardware wallets built into mobile devices.
“We are in the age of telephone access, as we had to be a mini engineer to connect to the Internet to connect to the Internet. We are still in encryption.” —Sandeep nailwal
Polygon founder said, “We’ll probably be in 1998, which will take at least 10 to 15 years to see the encryption.
Although it was considered a revolutionary at the time, the AOL work on the Internet was characterized by limited functions and barriers to entry. source: PC magazine
The Internet took 30-40 years to achieve massive adoption and started with a limited number of use. In the late 1990s, the AOL era on the Internet focused on emails and basic web browsing, but today the Internet includes the entire economy.
Nailwal said that the current state of encryption is similar to the case of financial use, especially market speculation is the core focus of the current encryption.
However, if the financial use case is completely developed and sufficient adoption occurs, the adoption of encryption will spread in alternative use cases such as decentralized social media, games and other niche sectors, he said.
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Entering Crypto today is early on the party
Nailwal pointed out that even the basic use of financial cryptocurrency was not fully developed.
According to a report from the BTC (Bitcoin) Financial Services Company River in February 2025, only 4%of the world’s personal BTC is the original cryptocurrency with the largest market cap and has the most mainstream appeal.
Bitcoin’s adoption path. source: river
The report found that BTC achieved only about 3% of the total adoption path, given the market with an institution, a total address and appropriate portfolio allocation.
The few BTC holders indicate that massive adoption has been over a few years and the entire industry is still in the early stages of the initial adoption.
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