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Ethereum co-Founder Joseph Lubin: âEthereum is far in the lead as a viable candidate for web 3.0â
During the recently concluded New York Times International Luxury Conference in Hong Kong, crypto savant Joe Lubin delivered a keynote speech wherein he proclaimed boldly that âblockchain enabled decentralization will help foster digital innovation through every strata of human societyâ.
In addition to this, Lubin was also quoted as saying:
âWe are going to to be more in control of our identity and our agency on these different decentralized networks and I think thatâs going to create more wealth [âŠ] more interest in expressing ourselves, and I think there will be more appetite for luxury than less.â
While on the topic of Web 3.0, Lubin spoke about how due to its interoperability and transparent framework, Ethereum was perfectly suited for such a role. However, he did admit that it would take some time before such a dream could be realized.
Could âSerenityâ be the Answer to Etherâs Scalability Issues?
Many of our readers may have heard of the term Ethereum 2.0. However, what does it really mean?
Simply put, Ethereum 2.0 is an envisioned upgrade that has been dubbed as âSerenityâ by the Ether community at large. However, from a technical viewpoint, it is being said that this update promises to come packed with a host of new tech utilities (most of whom are based on the PoW protocol instead of the conventionally deployed PoS module).
In addition to this, Serenity also promises to incorporate a host of key elements related to the concept of âShardingâ. As a result of this, native transactions on the ETH blockchain will be able to go through with much more ease. However, with that being said, even though sharding is being viewed by many as being a game changer, there are those who have criticized the technology for being âslowâ as well as a bit âovertly romanticizedâ.
Final Take
With each passing day, the crypto sector as a whole continues to send out mixed financial signals to its investors. However, with BTC finding immense stability over the course of the past 16 months, many now think it is time for ETH to finally experience another economic breakout in the coming few days.
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.