in

Ethereum Co-Founder Joseph Lubin: Blockchain Will Be Most of the Economy in 10-20 Years


Ethereum co-founder Joseph Lubin said that he expects blockchain to be most of the global economy in 10 to 20 years.

Ethereum (ETH) co-founder Joseph Lubin said that he expects the global economy will be 10 times larger in 10 to 20 years, when blockchain is fully ramified, and blockchain will be involved in most of it. Lubin made the statement at the SXSW conference in Austin on March 14.

During the same keynote, Lubin also pointed out that just as nowadays there aren’t many “normal” people using blockchain-based systems, “there weren’t a lot of ‘normal’ people firing email around in 1983.”

He also reiterated the promises of Ethereum 2.0, stating that there are a lot of inefficiencies present in Bitcoin (BTC) and the current version of Ethereum that Ethereum 2.0 won’t have:

“In Bitcoin and currently in Ethereum, you need to have specialized hardware, burn lots of electricity, waste lots of computation,…



Read Full Story : Cointelegraph.com News

2019-03-16 17:02:00

What do you think?


Warning: explode() expects parameter 2 to be string, array given in /home3/waidp40aew44/public_html/wp-content/plugins/snax/includes/votes/template.php on line 43

Warning: array_merge(): Argument #2 is not an array in /home3/waidp40aew44/public_html/wp-content/plugins/snax/includes/votes/template.php on line 43
0 points
Upvote Downvote

Written by Cointelegraph

Bitcoin and Litecoin Lead List of Cryptos Circling the Globe

MercadoLibre Dumps Crypto Days after PayPal’s $750 Million Investment