- The crypto world is abuzz with the weekend’s release of the Ethereum Istanbul software.
- To get a more in-depth perspective on what these new changes mean, we have reached out to the crypto influencer and CEO of Changelly Eric Benz.
The crypto world is abuzz with the weekend’s release of the Ethereum Istanbul software. Chosen from a proposed list of thirty upgrades to the Ethereum platform, the six new implementations have many in the industry bullish on Ethereum in 2020. To get a more in-depth perspective on what these changes mean for the industry and talk about a couple of other developments that have caused ripples in the industry, we have reached out to the crypto influencer and CEO of Changelly Eric Benz.
According to Benz, it is important to keep perspective when looking at new technological developments. By that, he means that technology itself is a term without inherent properties. What technology is or is not is always changing. And so, in Eric’s view, it is important to look at things in the context of their previous growth and how they stand to move further.
Benz compared the trajectory of the cryptocurrency industry to that of other, monumental industries in recent history: You can see life cycles in technological development. First, there is the nascent state wherein adoption of and interest in an idea are minimal, then over time, as the idea continues to flourish and is made more and more manifest in subsequent technological blossomings, it earns a place with the people who come to recognize the value in it and how it can transform their lives. We have seen this with the internet and with mobile phones and then smartphones. Now we are seeing it with crypto.”
To Benz, the Istanbul rollout is another important step forward, not just for Ethereum, but, because Ethereum is one of the premier digital currencies, for the blockchain economy. However, Benz thinks that we are still in the early stages of development in…