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Ethereum

Ethereum News: Solana Co-Founder Accuses ETH Of ‘Bourgeois Digital Tyranny’

Ronaldo Marquez
by Ronaldo Marquez
1 year ago
·
Posted in Ethereum
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

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. 

Related Reading: Coinbase Expands Services In Singapore With Its New MPI License – Details

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. 

Ethereum
ETH’s 9% surge over the past 7 days on the daily chart. Source: ETHUSDT on TradingView.com

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. 

Related Reading: Cryptic Correspondence: Satoshi Nakamoto’s Secret Email Emerges From The Shadows

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.

Ethereum
SOL’s staggering 22% uptrend on the seven-day time frame. Source: SOLUSDT on TradingView.com

Featured image from Shutterstock, charts from TradingView.com 

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
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Ronaldo Marquez

Ronaldo Marquez

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Ronaldo is a seasoned crypto enthusiast with over four years of experience in the field. He is passionate about exploring the vast and dynamic world of decentralized finance (DeFi) and its practical applications for achieving economic sovereignty. Ronaldo is constantly seeking to expand his knowledge and expertise in the DeFi space, as he believes it holds tremendous potential for transforming the traditional financial landscape.

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