Joe Lubin: on the distribution of the blockchain will take more time than on the Internet

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2018-11-12 20:30:08

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Joe Lubin: on the distribution of the blockchain will take more time than on the Internet Source:

Creator and co-founder of Ethereum Joe Lubin told the journalists of the German t3n resource about the similarity of development of blockchain and . However, the situation with the first technology is a bit more complicated, so the process will require more time. While Joseph predicts a more intense diffusion of the distributed registry in society. Moreover, one cannot exclude the emergence of a decentralized Internet, or so-called Web3.

During the interview, Lubin stressed the fact that the company ConsenSys was created before the official launch of Ethereum. Its purpose was to create tools and infrastructure for decentralised «ecosystem» Ethereum. In that period of time the creators were interested in the spread of this ecosystem, but not in the control.

Answering the question of decentralization , Lubin advised not to have any illusions about the maturity of a technology, which appeared just three years ago.

Source: Coinfomania

According to Cointelegraph, he also commented on the possible transformation of today's Internet in Web3. Omitting the comparison ConsenSys with Internet giants Facebook and Google, Lubin singled out as the main threats to the decentralization of the blockchain IBM and Microsoft, as well as Accenture and Deloitte. In his view, pillars of business models in the current Internet, contrary to the nature of the blockchain, which gives opportunities for self-determination and identity. Although according to some experts, has long been synonymous with the blockchain.

Previously, Lubin has said that the international community is looking towards "decentralized management". And according to him, the main cryptocurrency in the face of Bitcoin most likely will be fixed as "digital gold", and Ethereum will serve as fuel for decentralized ecosystems. More data to search for .

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