Since its launch in 2015, Ethereum's creator Vitalik Buterin has seen blockchains not just as the foundation for digital currencies, but as tools for fostering trust. On the project’s 10th anniversary, experts discuss what the next decade might look like.
Ethereum as 'Trustware'
Co-founder of Consensys, Joseph Lubin, is described as a crucial figure in shaping the infrastructure of Ethereum. In its recent report, the foundation outlines an ambitious development plan. Mallesh Pai, one of the report's authors, asserts, 'Over the next 5–10 years, Ethereum will transition from the leading smart contract platform to the foundational layer of the global economy.'
Institutional Confidence in Ethereum
Companies like GameSquare are beginning to actively invest in Ethereum, emphasizing its reliability as a long-term digital asset. GameSquare's CEO, Justin Kenna, states, 'We invested in ETH because we believe it’s the most credible long-term digital asset.' He highlights the community and composability features of Ethereum compared to other blockchains.
Developing Ethereum for Enterprises
Representatives from Optimism, a layer two solution on Ethereum, believe that in the next decade, large enterprises will actively migrate to the platform. Sam McIngvale, head of product at OP Labs, remarks that 'enterprises need strong, secure, yet flexible infrastructure to succeed.'
Experts hold various views on Ethereum's future, but they all agree that the platform is evolving from smart contracts to becoming a foundational layer for real assets and everyday digital interactions.
