When it comes to crypto prices, everyone instantly thinks of bitcoin’s $20K high. Ethereum however, is the probably the cryptocurrency which took the largest hit. The bear market, combined with regulatory uncertainly with security tokens and ICOs was devastating for the currency. Joseph Lubin however, believes that this is a storm which will give new Ethereum hope to everyone.
ConsenSys is constantly beginning work on a huge amount of new Ethereum projects. Joseph Lubin has hired over 80 Ethereum blockchain protocol engineers. According to him, this is a costly investment which will eventually pay out in spades. He stated:
“The company’s resources will remain focused on Ethereum. It’s clearly the best course of action because the reality is that Ethereum is the only game worth playing.”
That being said, ConsenSys can live with a few of the Ethereum-based projects not delivering. What ConsenSys really relies on however, is the decentralized ecosystem making progress. The prolonged bear market is not doing Ethereum any favors either. Joseph Lubin however, has been by Buterin’s side since the start and by all accounts seems to be playing the long game.
It’s normal that when the market is doing well or extremely well that the ecosystem gets attention. The majority of the attention however is mainly due to the high amount of profits that were made in an X amount of time. When the market is in a decline however, that’s when the real attention can pay off.
New Ethereum projects are developing queitly and the smart investors know that
At the moment, the majority of entrepreneurs and technologists are building. They are building and growing in a pace far faster than during the crypto craze back in 2017. When people aren’t focused on the price of the actual token, they can pay attention to the currently developing confidentiality systems, scalability solutions and privacy advancements.
Anycoin Direct Now Accepts Credit Card Payments On Their Platform
Thursday April 18, 2019
Coinspeaker Anycoin Direct Now Accepts Credit Card Payments On Their PlatformBenefits of Accepting Credit CardsImplementing Credit Card payments was a logical step forward for Anycoin Direct. They want to provide the best service possible and this includes offering a wide variety of payment options. Another reason to accept credit card payments is the fact that […]
The post Anycoin Direct Now Accepts Credit Card Payments On Their Platform appeared first on 12bit trade.
That's a wrap for #ConsenSysSXSW! A massive thank you to @SXSW for having me. Blown away by the size of the crowd and the interest in #blockchain around Austin this year. My outlook on #Ethereum for 2019? Yeehaw pic.twitter.com/7zN4qPaB0b
— Joseph Lubin (@ethereumJoseph) March 14, 2019
The Former design Director for Electronic Arts and former head of Studio DICE Patrick Soderlund Studios founded Embark, with the support of the Nexon company. Embark Studios based in Stockholm. Interestingly, Soderlund is also a member of the Board of Directors of Nexon. Unfortunately, the press release did not mention any specific projects that will
The post The former head of Studio DICE was founded to Embark Studios and entered into a partnership with Nexon appeared first on W88.
Lubin seems to be nothing but optimistic for this year, despite the harsh market conditions. There is however, a lot of time until Ethereum can reach mass adoption. The biggest problem remains scalability as currently’ it can complete an average of 22 transactions per second (TPS). Layer 2 technologies like Plasma will do wonders for Ethereum’s scalability. Layer 2 technologies will also enable smart contracts to be ran off-chain.
When asked about Ethereum 2.0, Joseph Lubin said:
“We currently have 8 teams working on Ethereum 2.0, it’s coming. We’re currently in phase 0 out of 4, but once we finish the foundations of the Layer 2 scalability solutions, the scalability will expand about a thousand times over the next 2 years. After that, it will keep expanding further.”
He also made some very interesting forecasts on the global economy. He mentioned that the current size is of the global economy is around $80 trillion. His expectations are that after blockchain fully ramifies and reaches acceptable stages of mass adoption, the economy will be 10-times as large.
Despite the increasing worry about a looming financial crisis, Lubin believes that blockchain tech will be a huge part of the economy in the future and new Ethereum projects will be in the center of everything. At the end of the day, there is no industry which does not need the trust and agreements which a well developed blockchain can provide.
You can also check out:
Why Skip Bayless Thinks Warren Moon Is ‘A Little Jealous’ Of Tom Brady
Friday December 14, 2018
Warren Moon knows a thing or two about longevity, having played quarterback in the NFL until he was 44 years old. So his opinion on Tom Brady’s performance at age 41 definitely carries weight. That said, Skip Bayless couldn’t help but wonder Thursday on FS1’s “Undisputed” whether the Hall of Famer’s recent comments about Brady […]
The post Why Skip Bayless Thinks Warren Moon Is ‘A Little Jealous’ Of Tom Brady appeared first on 12bet - Bet365.
Longest Bull Run in History: The Possible Gains and Future Implications
Millenials Investing Into Crypto is Changing History
Lunar New Year: Will it Mark a New Bull Run for Cryptocurrencies
Oil Industry: Adapting to Change and Growing Against the Odds
The post New Ethereum Hope with Highly Optimistic Future Outlook appeared first on CoinStaker | Bitcoin News.