A fundamental first stage in the development of the Ethereum ecosystem is completed, and in 2018 we will see a “second phase”, in which the blockchain will grow and Mature. This was stated by the Ethereum co-founder Joseph Lubin on passing in these days of the conference Rise in Hong Kong, reports Cointelegraph.

“We have reached the point where Ethereum could be the basis for the platforms and inside Ethereum, we will see hundreds of thousands of transactions on the platforms of the second level,” said Lubin.

As an example of such a platform, he cited the Plasma technology developed for zoom Ethereum.

Lubin also noted a great number of variants of the use of the blockchain and he said that the technology of distributed registry “offers a truly digital world.” Also co-founder of Ethereum, believes that the revolution of blockchain allows to depart from the “analog contexts” and will have an impact on all spheres of life, including “money, identity and reputation.”

It is noteworthy that if the early Internet, according to Lubin, was quite limited in application, the scope of the blockchain from the beginning very high.

When talking about regulation, Lubin and other speakers acknowledged that the sooner will be introduced the necessary regulations, the better it will be for the industry. In his opinion, after the recognition of kriptonyte at the state level will not be such obstacles to the development of the industry, which, for example, happened recently in China, Japan and South Korea.

Earlier, Joseph Lubin was opposed to the recognition Ethereum securities, stating that regulators do not fully understand the purpose of the platform.