Qualified as Ethereum Killer, the Solana blockchain has other ambitions. For its co-founder, Raj Gokal, a war between networks is unnecessary.
Projects like Avalanche, Solana, Terra or Cardano see the value of their tokens rise in 2021. Why this interest from investors? Notably because they offer alternatives to Ethereum, the benchmark blockchain.
But the success of these decentralized networks does not necessarily rhyme with failure of Ethereum. The qualifier of Ethereum Killers, as they are often called, conveys a warrior spirit.
Ethereum cannot be killed
It is not certain that this lexical field is still to the taste of the creators of these blockchains. The co-founder of Solana Labs does not join in any case by no means to this warlike vocabulary. Raj Gokal further refutes any will to kill Ethereum.
Ecosystem actor Solana explains it on Twitter, reacting to a message from funding actor Chris Burniske of Placeholder. For the latter, a battle is well underway.
“Despite the fine words, the L1 knives [Layer 1] are completely drawn. In crypto, generally people want their biggest investments to win. ” If this is a reality, Gokal does not share it however.
Despite the buzzing rhetoric, the Solana Labs executive deems it unnecessary to make these blockchain rivalries “a fight.” Whatever the network, he continues, the primary goal is the adoption of Web 3.0.
Solana and Ethereum can coexist
“Knives drawn suggests that we are trying to kill Ethereum. Ethereum cannot be killed, it is impossible. And it is already a beautiful force for good in the world, empowering millions of people and creating billions of wealth. Obviously, the same goes for bitcoin, ”argues Raj Gokal.
Clearly, it is quite possible to have different blockchain networks coexist. If competition is healthy and allows progress, its objective is not, however, to make competitors disappear.
The facts seem to confirm it. Ethereum continues to develop, thanks to NFTs and DeFi in particular. The price of ETH is exploding and setting records this year.
However, this does not prevent a network like Solana from having an exceptional 2021. SOL is currently in 5th place in terms of capitalization at nearly $ 70 billion. On DeFi and NFT, its development is rapid. Living together rather than killing is possible.