Ethereum, originally built as a platform for decentralized applications and digital currencies, is receiving a new status as a global ledger. Ethereum co-founder Joseph Lubin claims that Ethereum Layer 1 will become the main ledger for the world's financial system.
Ethereum as a Global Ledger
Joseph Lubin declared that "Ethereum Layer 1 will be the master ledger for the world." He stressed that Ethereum’s permissionless, transparent, and neutral structure allows it to occupy a unique position in the global financial system.
Institutions Taking Ethereum Seriously
Lubin revealed that Consensys is in active discussions with sovereign wealth funds and major banks from a "very big" country. These talks focus on building Layer 1 and Layer 2 infrastructure tailored for national-scale financial systems. Ethereum’s appeal lies in its ability to support programmable money, decentralized governance, and trustless transactions.
Ether as a Trust Commodity
Lubin emphasized that Ethereum’s native token, Ether, is "the gold standard in trust." He described it as the most valuable trust commodity, highlighting its role in both investment and securing the entire Ethereum network.
The gradual positioning of Ethereum as a real tool for traditional financial systems underscores its significance and the potential long-term demand for the Ether token.
