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Home»ETHEREUM NEWS»SOL founder said ‘Solana is Ethereum’. What does that mean?
ETHEREUM NEWS

SOL founder said ‘Solana is Ethereum’. What does that mean?

By Crypto FlexsDecember 27, 20233 Mins Read
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SOL founder said ‘Solana is Ethereum’. What does that mean?
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SOL co-founder Anatoly Yakovenko Recently, he emphasized the relationship between Solana and Ethereum by saying, “Solana is Ethereum.” The claim came in a post that revealed more about the future. Blockchain Interoperability and Solana’s It plays a role in all of that.

Why “Solana is Ethereum”

in post Yakovenko elaborated on his “Solana is Ethereum” comment on his With this, Yakovenko raised the following possibility. Solana and Ethereum Even if they operate different protocols and consensus mechanisms, they are interoperable.

The co-founder added that this will become more feasible “as danksharding expands” because SOL blocks can be submitted to “Ethereum’s data verification bridge contract.” Danksharding is a major upgrade. This will be applied to the Ethereum network to improve scalability and efficiency.

Yakovenko’s proposal is an interesting one, considering that Solana has long been called an “Ethereum killer.” However, the co-founder showed It means that there is more interest in cooperation rather than competition. He previously suggestion He found that label offensive because he didn’t see a future in which SOL would thrive and somehow ETH would die.

Meanwhile, as Yakovenko explains, Danksharding is needed for the network to somehow become Layer 2 of Ethereum. this is because Ethereum does not have enough bandwidth for all SOLs. data.

Solana appears to have much more capacity than Ethereum. talking I think it would be easier for Ethereum to become layer 2 for Solana because it has more capacity to accommodate all the blocks on Ethereum.

SOL price at a high $114 | Source: SOLUSD on Tradingview.com

What happens when Ethereum is reorganized?

Another X user raised the following issue: Solana and Ethereum bragging about something else consensus mechanism This is a response to Yakovenko’s claim. user asked What happens to SOL while operating as Layer 2? Ethereum Reorganize.

Solana co-founder explained that even if that happens, users will still be able to take their ETH tokens out of the bridge. He also noted: network If Ethereum conforms to the social consensus and is not defined in the bridge contract, it will be reorganized. However, this can be another problem as smooth integration requires agreement on both sides.

Yakovenko also cited concerns about double spending. decided Solana will not issue wrapped ETH tokens “as is” until Ethereum reaches full finality. He also mentioned User-Activated Soft Fork (UASF), which could play a vital role in curbing it.

Featured image from Cryptoradar, chart from Tradingview.com

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