According to PANews, Joe Lubin, co-founder of Ethereum and CEO of Consensys, described Ethereum as the natural evolution of internet protocols and a core component of the decentralized Web3 network. He defined Ethereum as a new form of 'trustware,' viewing trust as a virtual commodity, with Ether (ETH) being the highest octane trust commodity globally.
Lubin emphasized that on this foundation of trust, transactions, protocols, and relationships can be automatically executed, verified, and transparent, thereby accelerating the global economy along the Web3 trajectory.
He also addressed the concept of 'Flippening,' where Ethereum's monetary base surpasses that of Bitcoin (BTC). While some believe this will never occur and others predict it will take years, Lubin suggested that surprising changes could happen within the next year. The key driving force behind this shift would be companies actively incorporating ETH into their treasury assets.
Should this prediction materialize, 2025 could become a historic turning point for the cryptocurrency industry.
