In accordance to Jameson Lopp, co-founder, chief expertise officer, the popularity of Ethereum is rising, said Cointelegraph. Reportedly, it is necessary to assist Ethereum because the variety of users is rising Lopp added.
As reported by Cointelegraph, incidents such because the collapse of FTX in 2022, made folks realise {that a} security platform is wanted for securing Ethereum and Ethereum tokens akin to stablecoins.
Sources revealed in December, Casa talked about that it might be supporting Ethereum so as to take care of this concern. It is believed that this step was “controversial for some,” as many criticised it on social media however Casa moved ahead with their plan, Cointelegraph added.
Additional Lopp explains that users nonetheless sees self-custody as having a “studying curve”. Moreover, making a pockets and exchanging crypto is simple however working towards security protocols might be complicated which makes users assume that self-custody is not simple, Cointelegraph concluded.
(With insights from Cointelegraph)