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During his speech at Devcon in 2018, Joe Lubin, CEO of ConsenSys and co-founder of Ethereum, addressed to the current state of Ethereum ecosystem and said the next killer app is much closer than one might think.
The Devin address of Lubin has brought new hope to developers
Ethereum Devcon, the annual Ethereum developer meeting, has been a gathering point for the brightest and most advanced ideas in the industry since its conception. The fourth iteration of the conference, held in Prague, Czech Republic, saw some of the biggest names in the game talking about the future of the industry.
One of these was Joe Lubin, the current CEO of ConsenSys and co-founder of Ethereum. In his speech, Lubin reviewed the state of the Ethereum ecosystem and has carried forward some of the results obtained by its developers.
ConsenSys underlined Lubin in a medium post on January 9th, stating that its importance has grown while ConsenSys is preparing for the launch of a more agile ConsenSys 2.0.
"The reverberations from Lubin's speech are still felt at the beginning of 2019 as Ethereum The 2.0 comes into play and teams, companies and individuals are preparing for the next phase of development ", wrote the company in a blog post.
Lubin was optimistic about the next generation of decentralized applications, stating that the next killer app will be a killer ecosystem. He emphasized that the robust suite of developer tools and protocols built over the past two years has provided developers with everything they need to build "the next big thing" in technology.
Ethereum It's the new Killer app
Lubin's words gained more weight as the industry entered the new year facing even more obstacles than before. He said cryptographic space has been criticized by experts for "being all about speculation" and not providing any killer apps.
Claiming that the cryptocurrencies themselves were the latest killer apps out of space, in the same way that the Internet drove the market almost two decades ago. The new killer app is already underway and is set to change the world in ways we've never seen before.
EthereumThe second iteration brought the idea of Web3 closer than ever, allowing the creation, issuance, distribution, exchange and management of "so many different types of cryptographic resources," Lubin said.
He said that Ethereum it is the killer ecosystem that the sector was waiting for, calling it an ecosystem that will transform global economic, social and political systems.
While one could argue that the praise of Lubin for Ethereum It is, to say the least, partial, decentralization is the next killer app that is destined to remain. Just as the Internet experienced its ups and downs in the early 2000s, the blockchain industry is going through the cycle, ready to change the world as we know it.
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