Founding Mind behind Solana Disagrees with “Ethereum Killer” Label
According to Anatoly Yakovenko, one of the founders of Solana Labs, he doesn’t believe that Solana will thrive at the expense of Ethereum’s demise. Yakovenko expressed his disagreement with the phrase “Ethereum killer,” calling it “lame.” He believes that both Solana and Ethereum can coexist and grow together.
Growing Tension between Ethereum and Other Blockchain Protocols
Yakovenko also expressed concern about the growing tension, which he likened to a “cold war,” between Ethereum and other blockchain protocols like Solana. He believes that such hostile narratives hinder the overall growth of the digital ecosystem.
Pareto Efficiency and Technological Coexistence
Yakovenko emphasized the concept of Pareto efficiency, stating that technologies can share features and compete without causing harm. He sees a future where advancements in blockchain technology, such as danksharding, can accommodate all of Solana’s data, further reinforcing his belief in technological coexistence.
Solana’s Advantages over Ethereum
In terms of speed and power efficiency, Solana outperformed Ethereum at one point with its proof-of-stake consensus system. While Ethereum could only process around 30 transactions per second using proof-of-work, Solana achieved an impressive 50,000 to 65,000 transactions per second.
Hot Take: Solana and Ethereum Can Coexist and Grow Together
Anatoly Yakovenko, one of the founders of Solana Labs, disagrees with labeling Solana as an “Ethereum killer.” He believes that both blockchain networks can coexist and thrive together. Yakovenko emphasizes the importance of technological coexistence and the concept of Pareto efficiency, stating that technologies can share features and compete without causing harm. Despite the similarities between Solana and Ethereum, Yakovenko believes that Ethereum won’t be eclipsed by Solana. He sees a future where advancements in blockchain technology, such as danksharding, can accommodate all of Solana’s data. Ultimately, Yakovenko envisions shared growth and advancement between Solana and Ethereum.
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