Solana, a blockchain platform that has been gaining popularity in the crypto space, has been labeled as an “ETH Killer” by some members of the community. However, Solana founder Anatoly Yakovenko has publicly criticized this narrative, warning against the idea of Solana and other emerging blockchain technologies being direct competitors to Ethereum.
Don’t bring back last cycle “eth killer” bs. It’s lame. Pareto efficient technologies can have overlapping features and will compete, but that’s all ok. I don’t see a future where solana thrives and somehow eth dies. I am such a techno optimist that I am certain that…
— toly 🇺🇸 (@aeyakovenko) December 2, 2023
In a post on the X app, Yakovenko urged the public not to spark a cold war between Ethereum and other protocols, including Solana, as it harms the ecosystem. He emphasized that Solana and Ethereum can co-exist and that pushing such narratives against Ethereum is lame. This warning comes amidst the growing competition between various blockchain platforms, each with their own unique features and use cases.
Solana and Ethereum Can Co-Exist
According to Solana co-founder Anatoly Yakovenko, protocols can coexist without challenges or threats of killing each other. In his opinion, pushing narratives against Ethereum is lame as it harms the ecosystem. Yakovenko expressed positivity in a future where “Danksharding,” a technology that allows blockchain technology to add cheaper blocks, will have enough bandwidth to accommodate all of Solana’s data. Danksharding is an Ethereum rollup scaling method where transactional throughput is expanded through the provision of additional storage space for roll-up transactions.
Yakovenko’s statement on Ethereum underscores the fact that SOL and ETH can coexist and even overlap without any inconveniences. He suggested that “Pareto efficient technologies can have overlapping features and will compete”. However, he emphasized that there is no future where Solana thrives and Ethereum dies. Yakovenko is a techno optimist and believes that both protocols can coexist without any challenges or threats.
In conclusion, Yakovenko’s statement highlights the importance of coexistence and healthy competition between protocols. It is essential to acknowledge that protocols can have overlapping features and still compete without threatening each other’s existence.
Solana Founder dismisses Rivalry Push against ethereum
Solana founder Anatoly Yakovenko has warned against unhealthy rivalry with the Ethereum protocol. This came after MakerDAO Co-founder and CEO Rune Christensen announced plans to fork the protocol’s NewChain on the Solana blockchain, away from Ethereum. Some Solana proponents saw this transition as a battle of the best, but Yakovenko emphasized that it was a general win for open source.
Yakovenko urged the Solana community not to use this as a means to attack Ethereum. He emphasized that the competition between the two protocols should be healthy and productive. In October, one Ethereum community member identified as jebus.eth tried to take a jab at Solana by referring to it as a “Coallition of poors and wealthy ppl who don’t understand where value actually comes from or how to create it, just that the things I want should be cheap.” However, Yakovenko was quick to respond, emphasizing the fact that his protocol is a pursuit of an entirely stateless digital realm, where unhindered communication and transactions flow freely among the people, liberated from the control of capitalist middlemen and government surveillance.
The Solana founder believes that the “ETH Killer” narrative is lame as it harms the ecosystem. Solana and Ethereum can co-exist, and there is no need to spark a cold war between the two protocols. Yakovenko believes that the competition between the two protocols should be viewed as a way to improve the overall blockchain ecosystem.
In conclusion, Solana founder Anatoly Yakovenko has warned against unhealthy rivalry with Ethereum. He believes that the competition between the two protocols should be healthy and productive. The “ETH Killer” narrative is lame, and there is no need to spark a cold war between the two protocols. Solana and Ethereum can co-exist, and the competition between the two should be viewed as a way to improve the overall blockchain ecosystem.