Ethereum [ETH] The co-founder reveals plans to revolutionize the media industry with "Civil"



The second day of the 2018 TechCrunch Disrupt conference in San Francisco saw the entire ConsenSys team, including Ethereum co-founder Joseph Lubin, strategy officer Sam Cassatt and marketing director Amanda Gutterman, talk about the company's growth architecture, price and the company's new pet project, Civil.

Gutterman, who helped build ConsenSys into an entrepreneurial power, said that with the advent of applications like Truffle and Metamask, the organization is heading towards an incredible growth rate. Truffle is the most widely used Ethereum development framework while Metamask is a Google plug-in that allows users to run Ethereum applications directly on Web browsers.

Sam Cassatt added that Infura, an Ethereum access point developed by ConsenSys, has over 8-10 billion application programming interfaces, a sign of the rate of development. The organization's officials also stated that ConsenSys has met its needs rather than the markets, making it a self-sufficient organization capable of meeting the needs of users.

Joseph Lubin has clarified the number of ideas in the ConsenSys roster, revealing to users that there are over a hundred ideas waiting to be developed within the company. He also said that investing in new ideas based on blockchain is detrimental to the growth of ConsenSys, looking for "new, fantastic projects based on Ethereum".

The co-founder of Ethereum was sincere in emphasizing the change of scene between 2015 and 2018, stating that when he was previously considered a "crypto-anarchist", people now considered it a technological disruptor.

In addition, Lubin was confident in stating that ConsenSys was contributing to the history of the blockchain, bringing out another pet project called civilians. It is a blockchain-based project aimed at the media sector. Civil's main function will be to make journalism completely legitimate and to help report facts and figures. Officials also said that features like permanent storage and live ties with media houses.

Amanda Gutterman shot down Civil for all users and owners, saying that the project will allow anyone to launch their own editorial office and also make journalism more robust. It will also offer journalists and editors the opportunity to reduce plagiarism and maintain journalistic integrity within them.

Lubin also talked about how prices play an important role in determining the effect of a cryptocurrency in the market. He said:

"There's a reason I'm sitting in front of all the wonderful people." Ethereum is at the top of the list and this allows us to give you fantastic products. "

Officials went on to say that the price of cryptocurrency is also a factor in the pool of talent that contributes to a particular cryptocurrency: the better the price, the better the pool will be.


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