RATE Group | Ethereum [ETH]’s Joseph Lubin on scalability, cryptocurrency adoption and the future- AM…
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Ethereum [ETH]’s Joseph Lubin on scalability, cryptocurrency adoption and the future- AM…

22 Aug Ethereum [ETH]’s Joseph Lubin on scalability, cryptocurrency adoption and the future- AM…

Posted at 05:53h in Ethereum News by

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Joseph Lubin, the Co-Founder of Ethereum [ETH], in a recent interview spoke about the conceptual difference between centralization and decentralization and gave users a sneak peek into the cogs of the Ethereum network.

Lubin elaborated on the fact that centralized servers provided a false sense of outdated security because users are so used to the archaic architecture. Decentralized systems, according to the Co-founder gave users a chance to build a multitude of applications on the protocol layers. He then spoke about the challenges involved in building a ‘remarkable machine’ and how the entire system seemed like a Proof of Concept machine for a long time.

He went on to say that the network created by blockchain visionaries laid down the foundation on which a variety of concepts were built upon. This ranges from fungible and non-fungible tokens, bounty platforms, music platforms, parameterized insurance products and a myriad of other decentralized applications…

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