Solana Labs co-founder deems label as feeble.
Anatoly Yakovenko, one of the founders of Solana Labs, has expressed his disagreement with the label “Ethereum killer” being applied to the Solana network. In a post on X on December 2, Yakovenko stated that he does not believe Solana’s success will come at the expense of Ethereum’s demise.
Since its launch in 2020, Solana has been hailed as an Ethereum killer due to its unique features. However, Yakovenko finds the term “lame” and believes that despite the similarities between Solana and Ethereum, the latter will not be overshadowed by the former.
Yakovenko is concerned about the growing tension between Ethereum and other blockchain protocols, including Solana, which he likens to a “cold war.” He argues that this hostile narrative hinders the overall growth of the digital ecosystem they all share.
As a co-founder of Solana, Yakovenko sees the connection between Solana and Ethereum as an opportunity for shared growth and advancement. He believes that the success of one technology does not necessarily mean the failure of the other. Yakovenko supports his argument with the concept of Pareto efficiency, stating that technologies can coexist and compete without causing harm.
Yakovenko also expresses enthusiasm for advancements in blockchain technology, particularly for Ethereum’s scaling solution called danksharding. This solution aims to increase transactional capacity by providing more storage for roll-up transactions. Yakovenko envisions a future where this technology can accommodate all of Solana’s data, further reinforcing his belief in technological coexistence.
At one point, the Solana network surpassed the Ethereum mainnet in terms of speed and power efficiency, thanks to its proof-of-stake (PoS) consensus system. During this time, Ethereum utilized the more energy-intensive proof-of-work (PoW) consensus method and could only process a fraction of the transactions that Solana could handle.
In conclusion, Yakovenko disagrees with labeling Solana as an “Ethereum killer” and believes in the coexistence and shared growth of both technologies. He emphasizes the importance of a collaborative digital ecosystem and supports advancements in blockchain technology that benefit all parties involved.