👀 Ones to watch: The MOST undervalued stocks to buy right nowSee Undervalued Stocks

Solana (SOL) Founder Slams Ethereum Community, Here's Reason

Published 07/28/2023, 01:00 PM
© Reuters Solana (SOL) Founder Slams Ethereum Community, Here's Reason
ETH/USD
-
ADA/USD
-
XRP/USD
-
SOL/USD
-

U.Today - The between the Solana (SOL) ecosystem and the Ethereum community is taking an ugly turn and has degenerated to the founder of the former protocol, Anatoly Yakovenko, the former out on Twitter for spreading falsehoods about one of the most important aspects of its operational performance.

According to the alarm raised by Toly, as he is known on Twitter, the Ethereum community claimed that Solana has run out of Transactions Per Second (TPS), a claim which, if left unaddressed, can spark fear, uncertainty and doubt (FUD) that can impact the protocol in a significant way.

The Solana founder said in the tweet, "It's disappointing that members in and out of the Ethereum community spread many false rumors about Solana Labs. One of them is that Solana Labs has run out of tps. This is comical but one that has required me to address it for some team members who now know that we have hundreds of millions of tps and plenty more of compute units."

While Solana was launched with one unofficial mantra to help the Ethereum blockchain, Toly said he loves competition and will love to play but with strict adherence to the facts binding players in the industry.

Rivalry in place of collaboration

It is not uncommon for the members of a competing protocol to banter with one another in the quest for supremacy. This rivalry characterized the relationship between members of the XRP community and the founder of the Cardano protocol, Charles Hoskinson.

The state of affairs between Cardano and XRP is milder now as Hoskinson the olive branch to the rival community as reported by U.Today a few weeks back.

Industry stakeholders have often advocated that communities and developers are meant to work together against a common challenge, which is the unclear regulation in the American crypto ecosystem, a push that will be more beneficial in place of rivalry.

This article was originally published on U.Today

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.