Joseph Lubin: cryptocurrency more expensive

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Joseph Lubin: cryptocurrency more expensive

Cryptocurrency market have great promise, reducing the cost of Ethereum is not reflected on the technical side of the project, said the co-founder of a platform for decentralized applications Joseph Lubin in an interview with CNN. He is confident that the growth of the market at the end of 2017 was caused by the fact that the users saw potential in the blockchain, and speculators overly alarmed.

Economists have found a sharp rise of the industry characteristics of the financial bubble, and the developers felt that it would help to attract positive attention, said Lubin. He stressed that now programmers are developing technologies to prepare for new growth of interest in digital money.

“Now we see a lot of activity, thanks to the rise in the past year. We are improving various areas of the ecosystem, to prepare for a new significant growth,” — said the founder of a startup ConsenSys.

He was sure that ordinary users do not necessarily understand the technical aspects of the question. It is better to ask about decentralized applications, in which the blockchain works.

Lubin commented on the statement of Ethereum Creator Vitalik Buterin that the industry is approaching his “ceiling” and she has no more opportunities for another 1000-fold increase. According to the head of ConsenSys, the industry is only at the beginning of his career.

“Vitaliy is a genius, but I have to disagree. This technology, which over the next years will affect the economy, politics and social system. We are in the beginning, there is much more to evolution,” said Lubin.

These words responded himself Buterin. He stressed that the meaning of his statements was the fact that a large part of the population has heard about cryptocurrencies, and then further growth will depend on their actual use, but not much interest.

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