Solana Labs’ co-founder thinks the fight between Ethereum and supposed “ETH Killers” is unnecessary because the true aim for folks operating in crypto ought to be to onboard “every human” onto web 3.0.
While several pundits have labelled Solana (SOL) as an "Ethereum killer" because of its lower fees and quicker group action times, Solana Labs co-founder rule Gokal same the project has no want to kill the cryptocurrency — and wouldn’t be able to if it did.
Gokal created the comments in response to a November.10 Twitter post from the co-founder of risk capital firm Placeholder, Chris Burniske who wrote that “despite pretty words, L1 knives are totally out. In crypto, generally, folks wish their biggest baggage to win.”
“This can influence the majority communications, therefore do not take what you see and listen to as truth,” he added.
In response, Gokal emphasised that “it doesn’t ought to be a fight” as he argued that the goal for all folks operating within the crypto house ought to be to aboard “every human” on to net 3.0, and noted that:
“’Knives out’ implies we are trying to kill Ethereum. Ethereum cannot be killed, it’s impossible. And it’s already a beautiful force of good in the world, empowering millions and creating billions in wealth. Bitcoin is quite obviously the same.”
According to CoinGecko, SOL is presently the fifth-ranked digital plus in terms of total market cap with $71.7 billion, and is a previous fellow ‘ETH killer’ Cardano (ADA) at sixth with $67.4 billion. ETH sits well ahead of the 2 in second place with a market cap of around $564.7 billion.
Solana has been creating up plenty of ground late but. It's up 11,742% over the past year to sit down at $237.53, whereas ETH has gained 931% among that point frame to succeed in around $4,800.
Solana’s expansion
Earlier in the week, the Solana Foundation hosted the “Solana Breakpoint 2021” conference in the national capital, the European country that includes guests like Gokal, CEO and co-founder of Solana Labs Anatoly Yakovenko, FTX CEO guided-missile Bankman-Fried, Reddit co-founder Alexis Ohanian and Circle CEO Jeremy Allaire.
Speaking on day one among the event, Gokal explicit that the Solana scheme has been “exploding” in 2021 across each vertical and “use case.” The co-founder highlighted knowledge showing 2.2 million NFTs were minted on the Solana blockchain inside 3 months, together with more than $15 billion value of total price fast in Solana-based DeFi as of November. 7 ($14.47 billion at the time of writing).
(Brian Quarmby, Cointelegraph, 2021)