Ethereum Co-Founder Joe Lubin: High oil prices are a measure of success.

With the growing popularity of digital money management (DeFi) and non-homogeneous token (NFT) management systems at Ethereum, Ethereum's exchange rates have also increased. It was stored at 100-150 Gwei or more.

Due to the high prices of Ethereum in the market, it has started to become more controversial than the presence of Ethereum and gives competitors like Solana, Avalanche, Polkadot and others the opportunity to support it as it changes. faster and cheaper.

However, Joe Rubin, co-founder of Ethereum and CEO of Ethereum software developer ConsenSys, played down concerns about Ethereum's high exchange rates and attended the Decentral Miami event on Miami Day 9 and said: "D." Decipher, "he said. Prices are a measure of performance, a kind of condition that is progressive and without exception."

Rubin explains: There are always scalability issues when a new machine is finished. Whether it's CPU cycles, memory cycles or whatever, it has been proven that software engineers can maximize the capabilities of this technology, and consumers have been able to get the most out of technologies (Ethereum).

Ethereum 2.0 helps with business issues.

However, Rubin hopes that Ethereum 2.0 fixes the exchange rate and consumption issues, and the transition to Ethereum 2.0 will be completed in the second or third quarter of years later, as Rubin also said, Ethereum favors competitors. but stressed that this competition is not affected by rising oil prices.

Rubin said: We see the huge potential of Layer2 and the hundreds of thousands of changes in a second of Layer2, which are very cheap, as cheap as Solana and Avalanche. By the way, Solana and Avalanche are coolers, but as consumers become more sophisticated, we can see that the exchange rate for this blockchain technology has also reached US $ 1.2. Ethereum will be the blockchain of the blockchain, the heart of the digital real estate solution, and layer by layer layer layer layer layer layer layer layer layer layer layer layer layer layer layer layer layer layer layer layer layer layer layer layer layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer Layer

Rubin pointed out that there are nearly 200,000 proofs of the Ethereum 2.0 tag chain. As the Ethereum 2.0 integration is complete and moves to PoS consensus, the number of certifications will increase resulting in a very low start, allowing everyone to access it.

According to data from beaconcha.in, the number of patents on the Ethereum tag chain reached 268,000 before the deadline and continues to grow. On the current market value of $ 4000, the total value is $ 34.4 billion.

Organizations are flooding the crypto ecosystem with FOMO aspirations.

Additionally, Rubin said that organizations such as JP Morgan Chase and Goldman Sachs have joined the cryptocurrency world by entering the cryptocurrency realm due to FOMO (Fear of Missing Out) intentions, which poses problems.

ConsenSys, headed by Rubin, announced last month that it had made a $ 200 million investment. Run by Coinbase Ventures, HSBC and others, it is worth $ 3.2 billion. $ 65 million Chase and MasterCard investment.

Regarding the behavior of the organization, Rubin said: Some investors (not JP Morgan Chase in particular) have suggested that investing in ConsenSys could be seen as a legitimate agent in this ecosystem, especially when the old things are gone. With rapid decline, these new assets will become benefits of ultrasound, their costs will rise, their returns will be very high, and organizations and individuals will want to reap the benefits.