Consensys Founder: Ethereum is the Infrastructure for the Reconstruction of the Modern Financial System
Joseph Lubin, founder of Consensys and co-founder of Ethereum, pointed out in a column in the Financial Times that the current financial system is facing structural pressures such as a crisis of trust, high inflation, and debt accumulation. He believes that blockchain networks like Ethereum are akin to the role of the HTTP internet protocol in the 1990s, providing a decentralized, programmable new infrastructure for the global financial system. Lubin emphasizes that this is not about replacing traditional banks and fiat currencies, but about building an open financial architecture that coexists and interoperates with the existing system, which has already been adopted by institutions like BlackRock and JPMorgan.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Libya Hamada and Al-Taharah oil fields resume production
No rate hike in October, another move in December? Fed's "slow rate hike" path against inflation emerges, all eyes on Waller's speech next week
The Federal Reserve is set to announce its latest interest rate decision next Wednesday. The market generally expects the central bank to keep the federal funds rate unchanged, which would signal its patience in combating inflation.
Crypto prices
More
