Consensys Founder: Ethereum is the infrastructure for the reconstruction of the modern financial system.

GateUser-6433627c · 2025-05-29T10:07:42+00:00

Joseph Lubin, co-founder of Ethereum, believes that blockchain networks like Ethereum are similar to the internet protocol HTTP and play an important role in the modern financial system. He emphasizes that blockchain can provide a decentralized, programmable infrastructure for the global financial system, building an open financial architecture, which has received support from institutions such as BlackRock and JPMorgan.

GateUser-6433627c

2025-05-29 10:07:42

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[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 published in the Financial Times that the current financial system is facing structural pressures such as a Crisis of Confidence, high inflation, and accumulating debt. He believes that blockchain networks like Ethereum play a role similar to the internet protocol HTTP in the 1990s, providing decentralized and programmable new infrastructure for the global financial system. Lubin emphasized that this is not about replacing traditional banks and fiat, but about building an open financial architecture that coexists and interoperates with the existing system, which has already been adopted by institutions such as BlackRock and JPMorgan.

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