- Fake news article sparks outrage against Solana.
- Cardano founder Charles Hoskinson joined.
- Solana’s Breakpoint Conference in Singapore.
The cryptocurrency community is no stranger to competition, most notably between Cardano and Solana. While the advertised benefits and use cases are similar, the underlying philosophies are more different than ever.
This rivalry was brought into the spotlight again recently when Cardano founder Charles Hoskinson subtly criticized Solana in a satirical news article.
Fake News Article Makes Cardano Founder Joke About Solana
Never one to miss a chance to make a joke, Cardano founder Charles Hoskinson recently took aim at Solana. The trigger for his joke was a hilarious fake news article shared by Nancen CEO Alex Svanevik on X on Monday, September 16.
The fabricated headline said that Singapore Customs officials had arrested the founder of Solend (now known as Save Protocol) while trying to smuggle 20,000 condoms into the city-state. The article said this was for a “cryptocurrency conference,” most likely the upcoming Solana Breakpoint event in Singapore.
Svanevik responded by likening it to “bringing 20,000 steaks to a vegan festival,” while Hoskinson joked that the founders “just wanted to play it safe,” a joke that poked fun at Solana’s networking issues that Hoskinson has previously mentioned.
The Historical Rivalry Between Cardano and Solana
The recent attack isn’t the only criticism Hoskinson has shared about Solana. He responded to Solana founder Anatoly Yakovenko in 2022, criticizing him for being too cautious in developing Cardano. He stressed that “millions of users and thousands of businesses” rely on the infrastructure to ensure its safety. He added that he “would like to see these guys build a hospital.”
Solana and Cardano seem like natural competitors because they have similar use cases but different design philosophies. While both networks emphasize scalability, there are notable differences. Cardano boasts its own Ouroboros proof-of-stake protocol, with a focus on security and a research-driven approach. Solana focuses on speed and low fees, which has attracted a robust DeFi ecosystem.
On the other side
- Solana boasts a large ecosystem and fast transactions, but it has its problems. In particular, Solana Network-wide outage We are facing a traffic congestion problem.
- Cardano Fall far behind In terms of total locked value (TVL) compared to Solana, the TVL is only $188.68 million while Solana’s is $4.7 billion.
Why this matters
Jokes, especially at the expense of the entire crypto community, help ground this space. This way, key players can focus on what really matters to the industry.
Learn more about comparing Cardano and Solana:
Cardano vs Solana: Which Blockchain Has a Brighter Future?
Learn more about the key developments that will propel Solana forward.
Bybit Claims Solana’s Liquid Staking Is Key to Price Rise