Solana and ethereum are the clear competitors in the epic battle for supremacy. Although ethereum was the first smart contract platform, there are inherent problems such as scalability that new chains like Solana and Cardano, for example, aim to solve.
Solana developers do well in “product execution” and communication
Carrying x, an observer x.com/safetyth1rd/status/1797133162956640476″ target=”_blank” rel=”noopener nofollow”>grades that while Solana might be gaining ground, ethereum is still superior. Since the middle of last year, and driven by positive developments in the FTX bankruptcy resolution, SOL prices have followed a strong upward trend.
Network activity, primarily meme coins, has been stoking demand, pushing its valuation to fifth place in the market capitalization ranking. Meanwhile, ethereum remains in second place, mainly due to its first-mover advantage and the depth of its ecosystem.
Developers seeking economical transactions have increasingly deployed Solana. At its core, the platform is designed to deliver high performance. Its architecture enables fast transaction speeds and low costs, making it an attractive option for developers and users seeking efficiency.
The analyst noted that this appeal will only grow because Solana developers take product execution and communications “very well.”
The decision to lean on product execution means that developers who want a network that offers high performance, similar to traditional platforms, can find a home. Since the network can scale, it can bypass the high gas fees that plague legacy chains like ethereum and bitcoin.
Is ethereum a superior technology with poor marketing?
Still, his preference for “product execution” is also Solana's downfall. Blockchain purists argue that although ethereum is slow, at least it is decentralized. Decentralization on the second most valuable network gives it an advantage, allowing it to have a higher level of reliability.
Optimizing ethereum for decentralization means that it operates on a more distributed network of nodes, improving its security and resistance against censorship. So far, data from beaconcha.in sample There are over 1.8 million validators and the number continues to increase.
However, this emphasis on decentralization comes at a cost. ethereum is slower and more expensive than Solana, which the analyst says is more centralized in exchange for higher throughput, dramatically reducing transaction costs.
Subsequently, due to the emphasis on decentralization, the analyst believes that ethereum is emerging as an early alternative infrastructure, driving big technology. As the first smart contract network, it is emerging as a platform to create virtually any verifiable system, including cost-effective and effective solutions.
Featured image from Canva, TradingView chart
