SOL co-founder Anatoly Yakovenko lately highlighted the connection between Solana and Ethereum as he mentioned “Solana is Ethereum.” This assertion got here in a publish that additionally shed extra gentle on the way forward for blockchain interoperability and Solana’s function in all of it.
Why “Solana Is Ethereum”
In a publish on his X (previously Twitter) platform, Yakovenko elaborated on his “Solana is Ethereum” remark as he acknowledged that THE NETWORK can also be a layer-2 community for Ethereum by means of the “wormhole eigenlayer.” With this, Yakovenko raised the prospect of Solana and Ethereum being interoperable regardless of working totally different protocols and consensus mechanisms.
The co-founder went on to additional state that this can turn into extra possible as quickly as “danksharding is scaled up” as SOL blocks may very well be submitted into some “information validating bridge contract on ethereum.” Danksharding is a serious improve that can be made to the Ethereum community in a bid to enhance its scalability and effectivity.
Yakovenko’s proposition is an attention-grabbing one, contemplating that Solana has been dubbed the “Ethereum killer” for a very long time now. Nevertheless, the co-founder has proven that he’s extra in collaboration relatively than competitors. He beforehand hinted that he discovered the label distasteful as he didn’t see a future the place SOL thrives and in some way ETH dies.
In the meantime, from Yakovenko’s rationalization, Danksharding is critical if the community is in some way going to turn into a layer-2 for Ethereum. That is as a result of Ethereum doesn’t have sufficient bandwidth for all of SOL’s information.
Solana appears to have much more capability than Ethereum, because the co-founder additionally talked about that it will be simpler for Ethereum to turn into a layer-2 for Solana as a result of it has extra capability for all of Ethereum’s blocks.
SOL value at a excessive $114 | Supply: SOLUSD on Tradingview.com
What Occurs If Ethereum Reorganizes?
One other X person raised the problem of Solana and Ethereum boasting totally different consensus mechanisms in response to Yakovenko’s assertion. The person requested what would occur to SOL whereas performing as a layer-2 if Ethereum reorganizes.
The Solana co-founder, in response, defined that customers would nonetheless be capable to get their ETH tokens out of the bridge if that occurred. He additional famous that whether or not or not the community will reorganize if Ethereum does is as much as social consensus and never outlined within the bridge contract. Nevertheless, that may very well be one other situation, as there’ll must be an settlement on each ends for seamless integration.
Yakovenko additionally addressed issues about double spending as he acknowledged that Solana received’t mint the wrapped ETH token “in its state” till Ethereum hits full finality. He additionally alluded to UASF (user-activated comfortable fork), which might play an integral function in curbing this.
Featured picture from Cryptoradar, chart from Tradingview.com
