NEWSLETTER
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One of the founding minds behind Solana Labs has expressed his disagreement with the phrase labeling the Solana network an “ethereum killer.”
In a December 2 post on
Since its official introduction in 2020, Solana's inherent attributes have led many to hail it as an ethereum killer, a moniker also attributed to renowned blockchains such as Cardano (ADA), Tezos (XTZ), Avalanche (AVAX), and Polygon (MATIC).
Yakovenko, however, labels the term “ethereum killer” as “unconvincing,” arguing that despite the similarities between Solana and ethereum, the latter will not be overshadowed by the former.
Yakovenko expressed concern about the growing tension, which he compared to a “cold war,” between ethereum and other blockchain protocols, including Solana. He maintained that such hostile narratives hamper the overall growth of the shared digital ecosystem.
He solarium The co-founder sees the connection between his blockchain and ethereum as a path to shared growth and advancement.
Although blockchain technologies like SOL and eth, with similar characteristics, may seem in direct competition, Yakovenko insists that the success of one does not require the failure of the other. He reinforced his position with the concept of Pareto efficiency, explaining that technologies can share characteristics and compete without causing harm.
He also spoke enthusiastically about advances in blockchain technology, in particular ethereum.org/en/roadmap/danksharding/” target=”_blank” rel=”noreferrer noopener”>dankshardingan ethereum scaling solution aimed at increasing transactional capacity by providing more storage for accumulated transactions.
He sees a future where such technology could accommodate all of Solana's data, further reinforcing his belief in technological coexistence.
At one point, the Solana network, developed to provide smart contract functionality similar to the ethereum network, surpassed the ethereum mainnet in terms of speed and energy efficiency, courtesy of its proof-of-stake (PoS) consensus system.
At the time, ethereum used the more energy-intensive proof-of-work (PoW) consensus method and could only process about 30 transactions per second, a fraction of Solana's more impressive 50,000 to 65,000 transactions per second.
