Ethereum ‘killer’ label is lame, says Solana Labs co-founder
One of many founding minds behind Solana Labs has expressed his disagreement with the phrase labeling the Solana community as an “Ethereum killer.”
In a Dec. 2 publish on X, Anatoly Yakovenko mentioned he doesn’t envision a situation the place Solana (SOL) prospers on the expense of Ethereum’s (ETH) demise.
https://twitter.com/aeyakovenko/standing/1731025584271274244?s=20
Since its official introduction in 2020, Solana’s inherent attributes have led many to hail it as an Ethereum killer, a moniker additionally attributed to famend blockchains like Cardano (ADA), Tezos (XTZ), Avalanche (AVAX), and Polygon (MATIC).
Yakovenko, nevertheless, labels the time period “Ethereum killer” as “lame”, arguing that regardless of the similarities between Solana and Ethereum, the latter gained’t be eclipsed by the previous.
Yakovenko expressed concern over the rising rigidity, which he likened to a “chilly struggle,” between Ethereum and different blockchain protocols, together with Solana. He argued that such hostile narratives hinder the general development of the shared digital ecosystem.
The Solana co-founder views the connection between his blockchain and Ethereum as a path to shared development and development.
Though blockchain applied sciences like SOL and ETH, with their related options, might seem like in direct competitors, Yakovenko insists that one’s success doesn’t necessitate the opposite’s failure. He strengthened his stance with the idea of Pareto effectivity, explaining that applied sciences can share options and compete with out inflicting hurt.
He additionally spoke enthusiastically concerning the developments in blockchain know-how, notably danksharding, an Ethereum scaling resolution geared toward growing transactional capability by offering extra storage for roll-up transactions.
He sees a future the place such know-how may accommodate all of Solana’s knowledge, additional reinforcing his perception in technological coexistence.
At one level, the Solana community, developed to offer sensible contract functionalities akin to the Ethereum community, outperformed the Ethereum mainnet by way of velocity and energy effectivity, courtesy of its proof-of-stake (PoS) consensus system.
At the moment, Ethereum utilized the extra power-hungry proof-of-work (PoW) consensus methodology and will solely course of roughly 30 transactions per second, a fraction of Solana’s extra spectacular 50,000 to 65,000 transactions per second.
