WATCH: Ethereum Enters a 'Crossroads' at the Ethereal Summit

CoinDesk's Daniel Kuhn speaks with ethereum community members at the Ethereal Summit ahead of the blockchain's reboot.

AccessTimeIconOct 9, 2019 at 1:42 a.m. UTC
Updated Aug 18, 2021 at 11:44 p.m. UTC

Presented By Icon

Election 2024 coverage presented by

Stand with crypto

On location in Tel Aviv at the Ethereal Summit, hosted September 15, CoinDesk’s Daniel Kuhn spoke with some of the major players in the ethereum space about where the second-largest blockchain is heading.

  • Bitcoin Mining in the U.S. Will Become 'a Lot More Decentralized': Core Scientific CEO
    13:18
    Bitcoin Mining in the U.S. Will Become 'a Lot More Decentralized': Core Scientific CEO
  • Binance to Discontinue Its Nigerian Naira Services After Government Scrutiny
    05:10
    Binance to Discontinue Its Nigerian Naira Services After Government Scrutiny
  • The first video of the year 2024
    04:07
    The first video of the year 2024
  • The last regression video of the year 3.67.0
    40:07
    The last regression video of the year 3.67.0
  • Billed as “the world’s computer,” ethereum has not lived up to its initial marketing campaign. ConsenSys and a crowd of developers are working at a solution, dubbed ethereum 2.0, to fix the blockchain’s scalability problems.

    Leading up to this reboot, the Ethereal Summit served as a progress marker. The community was enthusiastic about what lay ahead.

    “It's it's still a bit early but I think we're coming towards a crossroads where we can start to see the maturation of the technology, especially as more enterprises come into the fold,” said Chrissa McFarlane, CEO of Patientory.

    Lex Sokolin is one such developer. He joined ConsenSys as co-head of financial technology months prior. Sokolin was specifically attracted to ethereum’s potential to revolutionize banking services.

    The point was also echoed by Itzik Yushuvaev, salesman for AlgoZ Liquidity Solution, who sees the amount of developer activity on the blockchain as “a sign of trust in the second system and in the token.”

    But it’s not disruption of global finance all the way down.

    Marguerite deCourcelle, CEO Neon District, built her yet-to-be-released cyberpunk role-playing adventure on a sidechain off of ethereum, because it offers gamers the ability to accrue actual value through non-fungible tokens while playing.

    Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information have been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one.


    Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.