Ethereum’s Founder Joe Lubin Discusses ConsenSys, Ethereum 2.0 and China

Joe Lubin Ethereum Founder

In a rather lengthy but surprisingly interesting interview with Forbes, one of Ethereum’s founders, Joe Lubin, gave an in-depth insight into what Ethereum 2.0 is all about including the different stages associated with the project and how Ethereum 2.0 would change the world for good.

One of the most fascinating points in the interview was that Lubin stressed his willingness to work with the Chinese government and probably teach them a thing or two about the perks of a public blockchain.

ConsenSys

Lubin, the co-founder of Ethereum who also successfully doubles as the CEO of ConsenSys, noted that ConsenSys is back on its feet again and ready to meet the world. You will recall that ConsenSys suffered some major losses towards the end of 2018.

It could have been the result of the crypto winter at the time or the slower than expected pace the project metamorphosed. Whatever be the case, Lubin is proud to proclaim that the blockchain company, which had received a big punched and was forced to lay off a substantial amount of its employees, is back in the game and ready to start hiring again.

Ethereum 2.0

Touching on Ethereum 2.0, Lubin reiterated that this new version is a natural extension of the existing Ethereum 1.0. While there would be a ton of differences (or a “smooth evolution” as he rightly put it), a large part of the cryptocurrency project will be built on the foundation of the existing Ethereum (ETH)trade.

Shedding some light on the different phases of the project, Lubin made it known that the project is yet at the most technical part. The project is divided into three major stages – phases zero, one, and two.

Phase zero and one are the ground stages, which are reportedly driven by a bunch of “smart people.” These incredibly smart people are saddled with the task of solving deep rooted distributed computing issues. While the later phase is predominantly driven by developer experience.

When asked for whom Ethereum 2.0 is meant, Lubin asserted that although software developers are the first to come to mind, the platform will actually be open to everyone – including the clients of the said software developers.

Ethereum and China

Furthermore, he stressed on his interest in the Chinese crypto community. Lubin stated emphatically that he “would love to help China get expert in Ethereum technology.”

Adding about China’s enormous potential, Lubin also affirmed that “China is a business that writes its own rules and has an enormous customer base—1.4 billion people. That’s a tough economic force to compete with.”

Although China is more on the bearish side of crypto, kicking out major cryptocurrencies, Lubin believes that “it depends how focused places like China are on controlling its digital borders because it can do it if it wants to.”

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