Exclusive Interview with Origins CEO ILIA NUZHDIN: Renowned Professional in the Cryptocurrency Industry

Cointelegraph: Please provide a brief introduction of yourself. (Professional background/experience in the crypto field)

ILIA NUZHDIN: Hello everyone, I am the founder of Origins. Before establishing Origins, I worked at Stellar and was also an investor in Stellar. I participated in many blockchain projects, accumulating a wealth of experience. Silicon Valley is a place with many like-minded individuals, and we engage in mutual learning and exchange of ideas.

In addition, I successfully developed a public blockchain project. Considering the increasing number of global cryptocurrency users in the future, I find this field highly promising and valuable.

With years of development and accumulation in the crypto field, I believe that public blockchains will change the existing ecosystem of the crypto industry. In 2023, I co-founded Origins with partners, aiming to revolutionize the crypto space through a public blockchain, creating a completely different user experience.

Cointelegraph: Perhaps many readers are not familiar with Origins. Could you provide a brief introduction?

ILIA NUZHDIN: Origins is a public blockchain with virtual machine compatibility, employing a scalable Proof-of-Stake consensus mechanism. The project aims to integrate off-chain data into the on-chain world using cutting-edge technologies such as cryptographic algorithms, interactive zero-knowledge proofs (IZK), and an SDK for building micro rollups. Its goal is to ensure compliant, secure, private, and verifiable connections, driving the creation of interconnected and composable user credit credentials.

The characteristics of Origins' public blockchain make it a project with great potential, expected to play a crucial role in the evolution of Web3. As technology evolves and the ecosystem develops Origins has the opportunity to provide superior experiences and innovative use cases for billions of future Web3 users.

We specialize in simplifying the infrastructure of public blockchains. At this stage, smart contracts have become the inspector of public blockchains, easily recognizable by experts. Origins effectively addresses these issues, providing users with a smooth and secure experience.

Cointelegraph: How do you view the future application prospects of public blockchains in the crypto industry? What technological advantages do you believe public blockchains bring to change the user experience compared to other public chains? What new opportunities do public blockchains bring in terms of business models?

ILIA NUZHDIN: I am optimistic about the future application prospects of public blockchains in the crypto industry, expecting a period of rapid development in the next 3-5 years.

From a technological perspective, blockchain can solve the authenticity and trust issues of virtual assets. Digital assets have independent attributes and can be transferred and traded across different chains. Blockchain enables real ownership of assets and user economies.

From a business model perspective, all crypto actions are built on the foundation of public blockchains, which is the first step of trust. Applications developed through public blockchains also allow users to earn profits through the applications. I believe that in the next three years, developers will propose higher-quality technical solutions, strengthening the application prospects and user experience of public blockchains.

From a global trend perspective, users increasingly value economic ecosystem construction. Origins will fundamentally change the transaction experience and industry landscape, becoming a major part of the future and significantly impacting and reshaping the entire industry.

Cointelegraph: In the past year, the entire industry has experienced many ups and downs. What do you think are the main challenges currently facing the industry? What profound changes do you see in the industry? How do these changes affect practitioners and investors?

ILIA NUZHDIN: In recent years, the unfavorable financial situation has led to the closure of many crypto projects. However, from a long-term perspective, this highlights the importance of improvement in the industry, accelerating the maturity of technology and management.

The main challenges currently faced by public blockchains include unfriendly user experiences and high entry barriers, insufficient regulatory policies leading to legal risks, uneven project quality, lagging products, and the prevalence of fraudulent projects. Entry into the industry is difficult due to high costs and financial pressures.

However, as the weak are eliminated and the strong remain, blockchain technology will further mature and become more widespread, leading to a more profound transformation in the industry. For project teams, it is crucial to focus on user experience, learn new technologies, and ensure the sustainable development of projects. For investors, attention should be given to cutting-edge areas, project teams, and product trajectories.

Overall, Origins has always emphasized user experience. Therefore, we plan to continue optimizing the underlying technology. Through high-quality products and effective operations, we aim to become a mainstream public blockchain in the future.