In the ongoing San Francisco edition of Tech Crunch Disrupt 2018, users and cryptocurrency holders had the opportunity to get a clear understanding of cryptocurrency, blockchain technology, and ConsenSys from the officials of the company including, Joseph Lubin, Sam Cassatt, and Amanda Gutterman.
Lubin, who is also the Co-Founder of Ethereum, went on to talk about the Ethereum project and the version 1 of Ethereum, stating that the main idea to build ConsenSys came from the need to build products at the application layer. He also stated that there was some nervousness in establishing a blockchain company in the United States and gave that as the sole reason why ConsenSys is Switzerland based.
In an earlier interview Lubin had said:
“ConsenSys helps to accelerate, or even launch, companies and projects that use Ethereum as a platform. We are re-architecting how companies or groups of people will offer services to consumers and other businesses and there are definitely some hot-button issues around cryptocurrencies, as there are hot-button issues with respect to securities law around the world”
The Co-Founder also added that the road to building ConsenSys from the ground up was filled with gathering application developers, establishing an app store and creating a reliable accounting system.
Lubin also added that:
“ What makes ConsenSys special is the fact that we had so much to do, but such a lack of infrastructure to help us achieve that. This was the point we decided that we should build our own developer tools; ended up making Metamask, the ConsenSys Academy and even ventured into consulting.”
The panel went on to talk about the ecosystem within ConsenSys, pointing out to the various projects that over a thousand people were working on.
Sam Cassatt, the Chief Strategy Officer at ConsenSys said that the company focusses more on the level of abstractions bought up, rather than the rigid ideas around which employees have to function. The main focus of the organization is to build a functioning protocol layer on which a plethora of companies can be built and not just applications.
Lubin added onto Cassatt’s statement by saying that the “build what you want” ideology is what has enabled ConsenSys to pivot towards establishing a venture studio, ecosystem creation, and blockchain consultation ideas.
Furthermore, Joseph also emphasized on the formula of modularizing and granulizing functionalities within the blockchain space. Amanda Gutterman, the Chief Marketing Executive of ConsenSys later talked about the different products developed by the ConsenSys team – Truffle, the most used Ethereum and developmental framework and Metamask, a google plugin. Metamask was in the news recently when they announced that the plugin will stop automatically injecting Web3 instances during loading durations on web browsers.
The ConsenSys team reported that the main aim of the organization is to develop blockchain as a whole from the grass root level, with a vision to bring on the dawn of the ‘application layer’ age.
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Source: AMBcrypto
Original Post: Ethereum [ETH]’s Joseph Lubin discusses ConsenSys, cryptocurrency and blockchain
