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Eric Hughes

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  1. The Economist11 min

    What's the future of crypto?

    Eric Hughes, Mathieu Favaz

    Despite a significant decline in global market capitalization from $3 trillion to $828 billion and intensified regulatory crackdowns in 25 nations, cryptocurrency adoption remains robust in developing economies facing hyperinflation or weak financial infrastructure. The industry is now pivoting toward Web3, a decentralized internet model that shifts data ownership to users while attempting to solve scalability issues through Layer 2 solutions. However, this post-money era faces persistent challenges regarding security, the lack of central authorities for dispute resolution, and the technical limitations of nascent blockchain networks.