Ethereum [ETH] ecosystem is far superior than any other project in the market, suggests Joseph Lubin

Ethereum [ETH] ecosystem is far superior than any other project in the market, suggests Joseph Lubin

With recent developments in the cryptocurrency ecosystem, Ethereum 2.0 is one of the most prominent projects currently under progress.

Joseph Lubin, Co-Founder of Ethereum, recently sat down with Ran NeuNer of CNBC Crypto Trader, discussing the progress of the new project.

Lubin stated that the Ethereum 2.0 system would be called Serenity and it would be released for users in four phases, out of which three will be major phases. The three phases are termed as phase zero, one and two.

He said,

“Phase zero should be delivered within a few months; there are eight teams that all have working code so that’s based on proof-of-stake, which itself that’s Kasper and the teams are now working together to get their code bases to get in sync.”

He also mentioned that there was a functional testnet available, where all teams were trying to get their code in sync. Lubin suggested that phase zero might be releasing in a “few months” and it will be connected to Ethereum 1.0. Ethereum 1.0 and Ethereum 2.0 will be running parallely, once deployed.

Lubin added that presently, there was an option of token sharing from 1.0 to 2.0. However, discussions were going on to develop a two-sharing arrangement between the systems.

During the interview, Lubin also emphasized that he was more concerned with Ethereum’s milestones in the “developer side of things.”

He added,

“My view of the ecosystem is mostly from the developer/builder perspective and so speculators coming in and out of the ecosystem is irrelevant to me.”

Joseph Lubin believes that Ethereum ecosystem is larger than any other system in terms of infrastructure, in terms of developers, and in terms of significant organizations utilizing it. He stated that there were “some really good projects” currently under development. However, they will take them some time to reach the levels of Ethereum 2.0, he added.

A few days back, Lubin had spoken about Ethereum’s market competitors, TRX and EOS, with respect to their functionality. However, he implied that Ethereum was a far superior one.

He revealed,

“Some projects are focusing on marketing like Tron and EOS. Both of them have taken the approach of raising a bunch of money and use the motto ‘fake it till you make it’. There are definitely other good projects in the space and many have had close ties to Ethereum from the start.”

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Published at Wed, 15 May 2019 09:31:14 +0000