Bitrabo Editorial
A recent debate arose between supporters of Ethereum and Solana regarding criticisms directed at the Solana blockchain. Flip Research, a pro-Ethereum entity, raised concerns about Solana’s architecture and operation, questioning its reliability, usability, and potential in institutional settings.
Flip Research highlighted issues like network stability, frequent outages, high transaction failure rates, centralization, unfriendly user explorer, and the use of Rust programming language compared to Ethereum’s Solidity. They also mentioned poor interoperability and doubts about the possibility of a SOL ETF due to regulatory and demand factors.
Challenging the FUD about Solana
Joe McCann, a Solana advocate, countered Flip Research’s claims. He compared Solana’s outages to other mainstream technologies, emphasizing that occasional disruptions are part of technological growth. McCann explained transaction failures and defended the use of Rust over Solidity, citing its popularity among developers.
McCann provided metrics to address concerns about centralization, stating that Solana is relatively decentralized compared to Ethereum. He discussed the location of nodes and validators, highlighting the difference between Ethereum and Solana in terms of hosted networks. He also dismissed doubts about institutional interest in a spot Solana ETF, mentioning key figures and innovative ETF issuers showing interest in Solana.
As of now, SOL is trading at $179.80.