Blockchain "will probably take a little more time" to develop than the Internet, because it is "much more complicated," said ConsenSys creator Joseph Lubin to the German press channel in an interview, Cointelegraph auf Deutsch reported on November 9th.
Lubin, who is also co-founder of Ethereum (ETH), told reporters that blockchain technology is developing similarly to the web, citing its exponential growth with "hundreds of projects that are already practical for humans" up to date.
Based on the use of blockchain for decentralized cryptocurrencies, the digital entrepreneur has also suggested that distributed ledger technology (DLP) will be able to "permeate society more than the Internet" and enable a decentralized Internet , or Web3. Lubin, however, predicts that the adoption of mass-scale blockchain will take longer than that of the Internet:
"[Blockchain projects] will allow people to build more things that will come in handy. Here is how the web was developed. It will probably take a little longer, because it is much more complicated. Moreover, as we work on topics such as digital money, Blockchain will permeate the company more than the Internet. Everything will be networked in a Web3. "
In the interview, Lubin stressed the fact that ConsenSys – a startup incubator and infrastructure development company focused on Ethereum – was "born" before the release of Ethereum, with the goal of building the tools and infrastructure to allow a decentralized "ecosystem" in which Ethereum could work.
Lubin also stressed that the company is interested in advancing that ecosystem rather than "controlling" it:
"We [ConsenSys] do many things, but we are not interested in controlling the ecosystem. We are interested in promoting the ecosystem. "
Addressing the issue of the decentralization of the Ethereum ecosystem, Lubin replied "[d]or do you expect it to be fully mature, three years after its creation? "
When asked how the dynamics of the internet could be transformed into Web3, Lubin shrugged a comparison between ConsenSys and Internet giants like Facebook and Google, emphasizing instead "IBM and Microsoft, Accenture and Deloitte" as possible centralizing forces in the blockchain .
Lubin also said that today's major Internet business models are in contradiction with the nature of the blockchain, which "allows a self-determined sovereign identity".
At the beginning of this year, Lubin predicted that the global community is moving towards a world based on "decentralized governance", supporting the idea that the main bitcoin cryptocurrency (BTC) risks remaining Digital gold of the world, while Ethereum would serve as "fuel" for decentralized ecosystems.