Solana Founder Comments on the Label “Ethereum Killer”
Solana emerged as an alternative to Ethereum, aiming to refine and overcome the challenges that plagued Ethereum in its early stages.
Over time, it has gained substantial traction, drawing attention from the crypto community as a potential rival to Ethereum among altcoins. Nonetheless, Anatoly Yakovenko, one of Solana’s co-founders, appears fatigued by this constant comparison and simply desires an environment where Solana can flourish independently.
Yakovenko recently addressed the recurring notion of Solana being an ‘Ethereum Killer’ on the social media platform X. He expressed his belief that both networks can thrive concurrently, even while competing, as they share many similar functionalities.
The genesis of Solana was rooted in resolving Ethereum’s scalability limitations, which restricted its early transaction capacity to a mere 15 per second. Solana implemented a combination of proof-of-history and delegated proof-of-stake protocols, enabling it to process over 50,000 transactions per second—an impressive leap from Ethereum’s capacity at the time. Notably, other platforms like Cardano were also heralded as potential Ethereum alternatives serving a similar purpose.
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However, Ethereum has since made significant strides in addressing its scalability issues. It can now handle up to 100,000 transactions per second, supplemented by the development of Layer-2 protocols. Ethereum continues to maintain its dominance as the leading altcoin platform.
Yakovenko highlighted Ethereum’s ongoing efforts to enhance transactional throughput, citing the introduction of a rollup scaling technique called danksharding. He believes that danksharding will eventually possess the necessary bandwidth to accommodate Solana’s data.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
