Don't want to kill ‘beautiful’ Ethereum - page 2.

TastyChillySauce00

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Quote from: talkoncrypto Official on November 12, 2021, 03:55:03 AM

Many pundits have labeled Solana (SOL) as an “Ethereum killer” due to its lower fees and faster transaction times, Solana Labs co-founder Raj Gokal said the project has no desire to kill the cryptocurrency — and wouldn’t be able to if it did.

Raj gokal was saying the right thing about that. There will be no competition between any of smartcontract platforms. The developers are only thinking to make crypto ecosystem become bigger from time to the time and they have intention to add more and more innovation. The supporters were over reacting about the bullish trend that happened with some new smartcontract platforms and they got eaten by FOMO and then they were running meaningless campaign like calling solana as ethereum killer. That's only for fanatic supporters.

Quote from: talkoncrypto Official on November 12, 2021, 03:55:03 AM

What do you think , Is solana capable to ovcercome the challenges which Ethereum is Facing...

Solana is capable but wait, it's not only solana but all of potential blockchain even if that was L1 or L2 solutions like ADA, Polygon, BSC , avalanche and etc capable to compete with ethereum. It's not only in term of market capitalization.

Quote from: talkoncrypto Official on November 12, 2021, 03:55:03 AM

SOL is currently the fifth-ranked digital asset in terms of total market cap with $71.7 billion, and is ahead of fellow ‘ETH killer’ Cardano (ADA) at sixth with $67.4 billion. ETH sits well ahead of the two in second place with a market cap of around $564.7 billion.

People called solana as ethereum killer caused by this reason. I would not be surprised to see this. It's happpening so many times since a few years ago.

hyudien

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That because Solana has cheap, fast, no expensive transaction fees like Ethereum. Then investors will certainly use Solana as a suitable alternative. Coupled with the project from Solana, no doubt, has made many beneficial contributions. So that it is enough to offer an alternative to Ethereum which is currently getting more expensive and it is difficult to steal time with low shipping costs.

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Quote from: talkoncrypto Official on November 12, 2021, 03:55:03 AM

Many pundits have labeled Solana (SOL) as an “Ethereum killer” due to its lower fees and faster transaction times, Solana Labs co-founder Raj Gokal said the project has no desire to kill the cryptocurrency — and wouldn’t be able to if it did.

What do you think , Is solana capable to ovcercome the challenges which Ethereum is Facing...

SOL is currently the fifth-ranked digital asset in terms of total market cap with $71.7 billion, and is ahead of fellow ‘ETH killer’ Cardano (ADA) at sixth with $67.4 billion. ETH sits well ahead of the two in second place with a market cap of around $564.7 billion.

Things are never that simple, we cannot just look at a coin and see that it does something slightly better an immediately assume that it is going to destroy a competitor coin, I think the co-founder is being responsible here by saying that is not their aim and even if it was they will not be able to do, if at some point ethereum collapses or even disappears you can be sure that it will have to do with internal reasons and not because another project appeared that was slightly better than ethereum.

blockman

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Eth is still the top altcoin and every altcoin is aiming to be its killer but people should get their own project supported without thinking like that. Each project has their ups and downs and so far ethereum is having issues with the fees while the other altcoins are taking advantage of being good due to the fee that it has. If the thing is about the fee then it's for sure that others can take over on that particular area but it will still not be able to replace it.

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Quote from: talkoncrypto Official on November 12, 2021, 03:55:03 AM

Many pundits have labeled Solana (SOL) as an “Ethereum killer” due to its lower fees and faster transaction times, Solana Labs co-founder Raj Gokal said the project has no desire to kill the cryptocurrency — and wouldn’t be able to if it did.

I just remind you that there will be no ethereum killer. That's only an old trick to gain attention from the new users. All of platforms in crypto will be co-exist as it will be connected from one to the each other with various ways.

Quote from: talkoncrypto Official on November 12, 2021, 03:55:03 AM

What do you think , Is solana capable to ovcercome the challenges which Ethereum is Facing...

Yes it is. Too much people were feeling frustrated with the non sense gas fees in ethereum blockchain and they are looking for the new place to migrate their assets. We know that so many people actively using dapps and NFT platforms. This needs a blockchain with good capability to process transaction as fast as possible with low fees. You will not find that again in ethereum blockchain. This is why the new blockchain is getting so many demand so fast. The latest update that happened with ethereum blockchain didn't fix the main problem that was preventing ethereum from massive adoption. That's why the demand for L1 and L2 of ethereum are increasing a lot these days.

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Maybe not in this cycle as SOL is still a new project which needs more development and reaches every phase of their project. Ethereum itself needs time to grow and reach the current position and I think that will happen too with SOL and the other coins. So maybe we should give SOL more time to work and reach their plan so we can see if SOL can beat ethereum or ethereum will still stay at number two. In the future, many new projects will compete with tight to reach better position and only the solid project that will get the chance to get the higher position.

Bitcoin Seller

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There were a lot of blockchains that claimed that they would overtake Ethereum. Nevertheless it is still number one. There are a lot of alternatives that have advantage over Ethereum in price and speed, but Ethereum still keeps its high position. What is more, I think that when ethereum 2.0. launches, it will become much cheaper and as a result, people will continue using it actively.

DapanasFruit

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Ethereum has a plan of fighting back with the introductions of many updates that can answer many concerns especially the incredibly high transaction gas fees that are affecting all user of Ethereum network. Now, if after a year from today, we see that nothing happened with all the planned changes in Ethereum...then maybe we can finally say that Ethereum must need be killed and must be left behind en masse. Until that time, I would say that Ethereum remains to be alive and can really be hard to kill considering its strong clout in the cryptocurrency market.

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ETH already cemented its status as second best, just behind bitcoin. IMO, low network fees and faster transaction times are not ADA and SOL needs to overcome. It is the framework and the working ecosystem built around
ETH that they need to tackle and address if they want to take that number 2 spot. That is a pretty daunting task, and I'm not sure if ADA nor SOL are ripe enough to go head-on against ethereum at this point. Then again, many surprises happen in the crypto market, and it's quite possible that ETH loses its charm if it doesn't address its problems

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Ethereum is one of the most reliable and trusted crypto in the market reason it's still number 2, so i believe even solana is ethereum killer its impossible they can flip ethereum because this ethereum has a good team behind and very optimistic and professional. in fact not only solana competing ethereum wherein there's a bunch of crypto wants to take over the place but they're failed .. So for sure this solana will give up in the future and i don't think Vitalik will let that situation happen. . Cheesy

talkoncrypto Official

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Many pundits have labeled Solana (SOL) as an “Ethereum killer” due to its lower fees and faster transaction times, Solana Labs co-founder Raj Gokal said the project has no desire to kill the cryptocurrency — and wouldn’t be able to if it did.

What do you think , Is solana capable to ovcercome the challenges which Ethereum is Facing...

SOL is currently the fifth-ranked digital asset in terms of total market cap with $71.7 billion, and is ahead of fellow ‘ETH killer’ Cardano (ADA) at sixth with $67.4 billion. ETH sits well ahead of the two in second place with a market cap of around $564.7 billion.

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