Published on July 10th, 2018 | by bitcoin0
Ethereum Founder: Phase Two of ETH Blockchain Starts This Year
Ethereum’s Joseph Lubin said that with the fundamental “layer one” in the Ethereum ecosystem now established, 2018 will see “layer two” systems ramify and mature.
Lubin’s comment came from his speech at the Rise conference in Hong Kong Tuesday, July 10.
New technologies would be added to this first layer, with various on-, side-, or off- chain mechanisms enabling greater scalability.
Unlike the early internet, which started “narrow,” he added, blockchain is starting out with a “very broad” offering for potential applications.
Ethereum (ETH) is ranked the second largest cryptocurrency as of press time, with a market cap of around $44.5 billion.