Latest news about Bitcoin and all cryptocurrencies. Your daily crypto news habit.
In the latest episode of the ongoing rivalry between blockchain protocols, Solana (SOL), often hailed as the Ethereum (ETH) killer, has once again launched a scathing critique against its competitor.
Anatoly Yakovenko, the co-founder of Solana, took to the social network X (formerly known as Twitter) to voice his complaints and criticisms about Ethereum.
Solana Fires Shots At Ethereum
In a post made on Sunday, Yakovenko expressed his discontent, stating that Ethereum is not a harbinger of genuine revolution but rather a “spectacle of bourgeois upheaval.”
According to Yakovenko, while Ethereum may captivate the “petite bourgeoisie” with its “digital carnival,” it subtly perpetuates forms of “oppression.”
The Solana co-founder argues that the essence of oppression remains unchanged, with the toiling masses still subject to the relentless boot of power, albeit in a different style. Yakovenko stated:
In the grand theatre of economic transformation, Ethereum presents itself not as a harbinger of genuine revolution, but merely as a novel spectacle of bourgeois upheaval. As the petite bourgeoisie revel in this digital carnival, the visage of oppression subtly transforms, yet its essence remains inviolate, forever pressing upon the countenance of the toiling masses with a boot, albeit of a different style, yet no less ruthless and unrelenting.
Furthermore, Yakovenko paints a picture of a sacred quest for a stateless digital dominion, where communication and transactions flow freely among the proletariat, liberated from the control of capitalist intermediaries and state surveillance.
In this vision, the cost of state creation should be inconsequential, akin to the air we breathe. Only then, Yakovenko argues, can a truly decentralized and stateless digital realm emerge, dispelling the shadows of “bourgeois digital tyranny” that he believes Ethereum represents.
Blockchain Rivals Clash
It is worth noting that this is not the first time Yakovenko has criticized Ethereum. In late July 2023, Yakovenko accused Ethereum community members of spreading false rumors about Solana Labs.
Among these rumors was the claim that Solana Labs had reached its maximum transactions per second (tps) capacity. Yakovenko dismissed this notion as comical and reaffirmed that Solana Labs has hundreds of millions of tps and “ample” computing resources. Yakovenko said claimed:
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. I love competition, and I love collaboration even more. Let’s stick to facts and see how things play out in a few years ￼
The ongoing criticism from Solana’s co-founder highlights the intense competition and divergent philosophies among blockchain protocols. While Ethereum has established itself as a leading smart contract platform, Solana aims to provide a scalable, high-performance alternative.
The clash of ideas and visions between these protocols underscores the broader debate surrounding the future of blockchain technology and its potential to reshape economic and social structures.
Featured image from Shutterstock, charts from TradingView.com
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.