Ethereum OG: Five reasons why Solana cannot become the backbone of memory blockchain
- Author: Ethereum OG Ryan Berckmans Original article: "There'll be one global backbone - Ethereum" Compiled by Zombiet
Ethereum is the backbone of the new global financial system, carrying L2 and L1 applications. No other memory blockchain can match this position. Some people suggest that Solana can become a backbone, but Solana can never become the infrastructure of the global financial system. This article will explain five reasons.
Four years ago, Ethereum began to focus on becoming the backbone of the new global financial system, with a focus on supporting the needs of L2 and L1 applications. This strategy is gradually being recognized as the top L1 strategy, although it is still in its early stages, it can be seen that the strong stool of L2 is the most direct proof.
Although Solana has performed well in terms of meme and SOL prices recently, with the increasing trend of L2 eating up the market share of new public chains, Solana's leadership seems to be aware of this reality and proposes that Solana can transform into a "backbone" like Ethereum.
However, Solana is not inherently suitable as a backbone for L2 or global level L1 activities. I will explain in detail the reasons behind it.
Firstly, let's review the process of Solana's leadership gradually accepting the Ethereum L2 backbone strategy. Initially, Solana created a fast and low-cost 'single chain', which was in the era of 'monolithic' and confidently promoted this concept. But over time, they transformed this term into 'integrated'. In the middle of this year, Solana acknowledged that L2 is the right path, as their flagship app gradually begins building customized L2 application chains on Sol. In addition, an important member of the Solana community once published a radical post about Solana having to adopt L2, which sparked intense controversy in the community because the Solana leadership at the time had not yet publicly acknowledged the inevitability of L2.
Although the Solana leadership expressed their intention to support L2, they claimed that Solana's L2 is not L2, but rather a 'network extension'. This is a significant marketing shift, similar to Solana's recent launch of 'Real TPS', aimed at correcting the previous practice of including 80% of consensus burden in TPS data when reporting TPS. Solana's long-term reported TPS is 3000, but in reality it is around 750 TPS.
Why does Solana now support Ethereum's backbone strategy?
The reason is that the world is about to need thousands or even tens of thousands of new chains, and L2 has more advantages than Alt L1 (such as Coinbase, Kraken, Sony, EVE Online, etc. have all chosen L2), so becoming the backbone of L2 is undoubtedly the best strategy.
Can Solana become a backbone chain? The answer is negative, Solana does not meet this condition for the following reasons.
Five reasons why Solana cannot become a global backbone chain
1. Lack of true client diversity
Client diversity means that the memory blockchain is run in parallel by multiple independent programs, which helps prevent attacks and accidents. To become a global backbone chain, client diversity is crucial. Today, Solana has only one production client (agave rust), and the development of the second client (fireworks) is progressing slowly and has not yet reached the standard of being able to support 50% of the output share.
2. High bandwidth demand leads to centralization risk
Solana requires 10Gbps upload bandwidth, which in reality leads to centralization and increased risk. The purpose of global backbone is to minimize risks, and high bandwidth requirements severely limit its deployment flexibility.
3. Facing the risk of future interruptions
Solana has experienced multiple shutdowns in the past and lacks Ethereum's protocol level backup. For global backbones with trust assets exceeding $100 trillion, stability is crucial, and a shutdown would greatly weaken their applicability.
4. Economic centralization
About 98% of the initial supply of SOL is held internally, with only about 2% publicly sold. In contrast, Ethereum publicly sold 80% of its supply, and the PoW high inflation model widely dispersed ETH holdings over the course of seven years. This economic centralization makes it difficult for Solana to become a global backbone chain.
5. zk proof aggregation is applicable to L2 settlement
Zk proves that aggregation enables L1 backbone chains to support extremely high scalability without sacrificing decentralization. Solana focuses on expanding the L1 execution layer, but this contradicts the need for global backbone chains to maximize decentralization and trust neutrality.
For these reasons, Solana will never be able to become the backbone of the new global financial system.
In short, Ethereum's backbone strategy is the best L1 strategy, and Solana may attempt to transition towards this, but it will not succeed.
(责任编辑:黄金TD)
- ·新经币钱包地址-新经币钱包地址怎么填
- ·酒鬼酒2024前三季度营收大幅下滑 44.41%,净利润大跌 88.20%,白酒行业寒冬已至?
- ·小赢卡贷逾期多久会上门催款啊?
- ·10月31日安信平稳双利3个月持有混合A净值增长0.02%,今年来累计上涨6.11%
- ·我已经接到小赢卡贷回访电话了,但是我的借款申请仍然被拒了,这是为什么?
- ·10月31日建信高股息主题股票净值下跌0.59%,近1个月累计下跌3.98%
- ·应纳税所得额是本人需要补交的钱吗
- ·浦发白金梦卡贷款额度究竟有多少?
- ·币安钱包推出BNB智能链交易竞赛可瓜分350万美元奖励
- ·10月31日交银悦信精选混合C净值下跌1.27%,今年来累计下跌6.26%
- ·The SEC officially recognizes the ETF conversion application of the Grayscale Digital Large Cap Fund, with investment portfolios covering currencies such as SOL and XRP
- ·10月31日广发消费领先混合A净值下跌1.19%,近6个月累计下跌5.67%
- ·未来币资产交易所
- ·Pudgy Penguins计划于明年推出全新的Web3移动端游戏:Pudgy Party,引领游戏行业进入新时代
- ·请问广发银行信用卡提额有什么技巧吗?
- ·俄罗斯对谷歌处以天文数字罚款 高达35位数 远超全球GDP
- ·协合新能源(00182)10月31日耗资168.01万港元回购317万股
- ·1.5万是多少
- ·10月31日创金合信群力一年定期开放混合(MOM)A净值下跌0.02%,近1个月累计下跌2.0%
- ·10月31日海富通欣利混合C净值增长0.46%,今年来累计上涨9.14%
- ·全面了解欧义交易所app官方下载地址及易欧okx下载,助您在数字货币交易领域大展拳脚
- ·金融资产减值:什么是它?
- ·中国能建:控股股东获工商银行不超3亿元增持资金贷款支持
- ·湘佳股份(002982.SZ)股东大靖双佳拟减持不超3%股份
- ·10月31日银河新动能混合C净值增长0.10%,近3个月累计上涨19.6%
- ·10月31日圆信永丰研究精选混合A净值增长1.11%,近3个月累计上涨13.92%
- · 数字货币交易app
- · 数字货币交易所
- · 虚拟货币交易平台排名
- · 数字货币交易平台app
- · 全球三大虚拟货币交易平台
- · okx官方
- · 虚拟货币交易平台有哪些
- · 十大虚拟货币交易平台app
- · 虚拟货币交易平台排名
- · 加密货币交易所