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Joseph Lubin, Founder of Consensys and a major Ethereum proponent, has always been an active participant in the cryptocurrency space. In a recent interview with Tom Shaughnessy of Delphi Digital, Lubin touched upon Ethereum’s competition, as well as its future plans.
The Founder was asked whether Ethereum’s competitors like EOS, Tezos and Cosmos were a threat to the network or if it had nothing to worry about. The Consensys official claimed that positive developments anywhere in the ecosystem lift everyone, while at the same time, some projects are intended to be competitive. According to Lubin,
“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.”
The entrepreneur also spoke about the openness and transparency of the space, focusing on them as key aspects for its successful integration with mainstream technology. In his words,
“Open source is our ethos and we believe it is absolutely necessary. There is a ton of communication and collaboration and we are all campaigning on marketing or bringing in the best talents to build a better ecosystem.”
The Ethereum Co-founder stated that in terms of openness, Ethereum has the best technology and technologists. Lubin also claimed that the project was moving faster than ever before and that Ethereum 2.0 would become more significant than any other project in the cryptoverse.
Ethereum was in the news recently after a recent survey by the deVere Group stated that Bitcoin [BTC] and Ethereum [ETH] will be part of High Net Worth [HNI] revenue streams. Nigel Green, CEO of deVere Group, stated,
“There is growing, universal acceptance that cryptocurrencies are the future of money – and the future is now. High net worth individuals are not prepared to miss out on this and are re-balancing their investment portfolios towards these digital assets.”