
ConsenSys to Lay Off 97 People, CEO Joseph Lubin Praises DeFi over CeFi
The Consensys CEO lashed out at CeFi companies stating that the recent events have exposed their ill behavior and further opened the gates for DeFi to flourish.
Joseph Lubin is a Canadian-American entrepreneur.
Joseph Lubin is a co-founder of blockchain computing platform Ethereum and the founder of Consensus Systems (ConsenSys), a blockchain venture studio. ConsenSys is one of the largest and fastest-growing companies in the blockchain technology space, building developer tools, decentralized applications, and solutions for enterprises and governments that harness the power of Ethereum. Headquartered in New York, ConsenSys also has a global presence, employing top entrepreneurs, computer scientists, software developers, and experts in enterprise delivery worldwide.
Lubin graduated from Princeton University with a degree in Electrical Engineering and Computer Science. He worked in the Princeton Robotics Lab, at tomandandy music developing an autonomous music composition tool, and at private research firm Vision Applications Inc. building autonomous mobile robots.
As a software engineer and consultant, Lubin worked with eMagine on the Identrus project and was involved in the founding and operation of a hedge fund with a partner. He held positions as Director of the New York office of Blacksmith Software Consulting, and VP of Technology in Private Wealth Management at Goldman Sachs. Through these posts, Lubin focused on the intersection of cryptography, engineering, and finance.
Switching gears, Lubin moved to Kingston, Jamaica to work on projects in the music industry. Two years into his musical endeavors, Lubin co-founded the Ethereum Project and has been working on Ethereum and ConsenSys since January 2014.
ConsenSys
Jan 1st, 1964
Canadian-American
New York, United States
Princeton University, B.S., Electrical Engineering & Computer Science - 1982-1987
ConsenSys - Founder
Breaker (SingularDTV) - CTO & Founder
Ethereum Foundation
Goldman Sachs - VP Technology
SyNerG Music - CEO - 2012 – 2014
Blacksmith Technologies - Director, New York office - 2001 – 2003
The Consensys CEO lashed out at CeFi companies stating that the recent events have exposed their ill behavior and further opened the gates for DeFi to flourish.
While many consider digital currencies as a financial and monetary tool, Lubin believes they are a form of weapon that is capable of empowering smaller and less powerful nations.
This funding has helped ConsenSys to reach the coveted unicorn status. The company is now among the leading crypto-focused firms.
ConsenSys gets the backing of several finance players as investors that could see the company’s valuation reach $3 billion.
Speaking at the Asia Pacific Conference 2020, Lubin hinted that the next phase of the Eth2 may be rolled out in 9-12 months from now.