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The ConsenSys founder gives a sweeping overview of the state of blockchain.

Last weekend, Ethereum co-founder and ConsenSys founder Joe Lubin unleashed a 20-part tweetstorm on the state of blockchain technology and decentralization. Here it is in a more readable form with relevant links.

Blockchain is more than a market. It’s a movement.

Market cap doesn’t reflect activity. Decentralized networks are growing.

  • 1M+ Truffle Suite downloads
  • 1M+ MetaMask downloads
  • 12K+ live Ethereum nodes
  • 48M+ unique Ethereum addresses
  • 3x LinkedIn blockchain job openings

Blockchains are solving real-world problems. Governments get it.

Enterprises get it.

Developing nations are employing blockchain tech to leapfrog outdated financial systems.

Blockchain projects are bringing relief to people who need it most.

And now we all have the tools to protect our own data.

  • Private, secure, and fast browsing with Brave
  • Status mobile dApp browser and wallet
  • uPort’s vision of the self-sovereign future
  • 3box decentralized data storage

The blockchain ecosystem is interoperable and working together.

We have standards that allow us to BUIDL together and towards common goals.

We have tools. So. Many. Dev. Tools.

Everyday we are coming up with more concrete solutions to the hardest problems around blockchain infrastructure.

  • zk-SNARKS
  • Pedersen commitments
  • Bulletproofs
  • Stablecoins
  • Oracles
  • Atomic swaps
  • Light clients
  • Hardware wallets

UI gets friendlier and more beautiful by the day. Mobile is here.

The technology is still so nascent and will mature with every upgrade and obstacle tackled. Scaling solutions are coming.

  • Sharding
  • Casper
  • Plasma
  • State channels
  • Raiden Network
  • Improved consensus algos

The blockchain space is full of open source heroes. We stand on the shoulders of giants.

The crypto community is so weird and amazing.

Decentralization is not just technological. It is social. Organizations are evolving.

  • Bridgewater’s radical transparency
  • Zappos’ flat hierarchy
  • Valve’s rolling desk mentality
  • Remote-first companies are tapping into global talent
  • Bounties Network’s global freelance economy

I believe in blockchain technology because of the people behind it.

  • The developers, engineers, and technologists who BUIDL
  • The smart contract experts who audit and secure the code
  • The designers who care deeply about user experience
  • The marketers who tell the story of Web3

I believe in blockchain technology because of

  • The gamers that play around with dice, kitties, and dApps
  • The people at legacy institutions who demand their firms innovate
  • The kids that take the time to create MetaMask accounts for their parents
  • The professors and academics who pioneer advancements in cryptography

I believe in blockchain technology because of

  • The Reddit, Twitter, and social media users (trolls too) that broadcast the message of decentralization
  • The advocates and enthusiasts who adopt and believe in blockchain
  • The nameless individuals who transact across the network and prove the protocol’s merits every single day

I believe.

Alright enough tweetstorming. Let’s get back to work.

Disclaimer: The views expressed by the author above do not necessarily represent the views of Consensys AG. ConsenSys is a decentralized community withConsenSys Media being a platform for members to freely express their diverse ideas and perspectives. To learn more about ConsenSys and Ethereum, please visit our website.


Joe Lubin Explains Why the Ethereum Ecosystem Is Stronger Than Ever in 20 Tweets was originally published in ConsenSys Media on Medium, where people are continuing the conversation by highlighting and responding to this story.