😎 Summer Sale Exclusive - Up to 50% off AI-powered stock picks by InvestingProCLAIM SALE

Solana Co-Founder Claps Back at Ethereum Fan

Published 2023-05-07, 06:12 a/m
Solana Co-Founder Claps Back at Ethereum Fan
ETH/EUR
-
ETH/USD
-
ETH/USD
-
ETH/EUR
-
ETH/JPY
-
ETH/GBP
-
ETH/JPY
-

U.Today - In a on Twitter, Solana founder Anatoly Yakovenko has claimed that Ethereum, the world's second-largest cryptocurrency by market cap, lacks neutral credibility and fundamental philosophical aspects required to be considered a viable Layer 1 (L1) blockchain platform.

The statement came as a response to a tweet by Abdel Bakhta, who criticized Solana for its governance, centralization and high hardware requirements.

Yakovenko's criticism appeared to be tongue-in-cheek, as his response nearly mirrored Bakhta's original tweet. He argued that Ethereum's value extraction is too high and that it fails to match Solana's status as a public good.

In another tweet, Yakovenko defended Solana, stating that the project's governance is not significantly different from Ethereum's, as both platforms are open source and can be forked by anyone to push them in any desired direction.

He also dismissed concerns about Solana's hardware requirements, implying that the number of full nodes on the network would be much smaller if this were a genuine issue.

The public debate sparked mixed reactions from the crypto community, with some users supporting Yakovenko's stance while others accused him of feeding the trolls and engaging in a futile argument.

The clash between and Ethereum proponents underscores the ongoing competition among blockchain platforms as they vie for market dominance.

This article was originally published on U.Today

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.