The official memecoin of the Donald was issued in Solana. This is very much headshaking because this will cause the argument that the Donald is a scammer and a criminal to become bigger. This cannot be defended by his supporters because we can be very certain that people will lose money on this coin.
However, there is also an argument that the winner of this is Solana. This will become America's cryptocoins and tokens gambling network being unofficially endorsed by the president of America. This might be bullish for many people. I am honestly very skeptical because the people will blame the Trump administration for losing their money during the big dump.
Topic: The Ethereum killer storyline part 2 might be beginning (Read 1544 times)
There is a news speculation that was reporting that the Donald was very much receptive on a America First Strategic Reserve that would give the coins founded in created in America more priority. The coins that were mentioned for this are Ripple, Solana and USDC.
Ethereum was founded in Canada, I reckon. However, if Canada becomes a state of the United States of America, this might be included heheheheh.
Now, as the Federal Reserve grapples with a nightmare scenario, a leak has revealed the incoming Trump administration could create a wider crypto reserve—prioritizing U.S.-created cryptocurrencies such as XRP and solana.
Read in full https://www.forbes.com/sites/digital-assets/2025/01/16/shock-trump-leak-sparks-huge-crypto-price-rally-boosting-bitcoin-xrp-and-solana/
Ethereum was founded in Canada, I reckon. However, if Canada becomes a state of the United States of America, this might be included heheheheh.
Now, as the Federal Reserve grapples with a nightmare scenario, a leak has revealed the incoming Trump administration could create a wider crypto reserve—prioritizing U.S.-created cryptocurrencies such as XRP and solana.
Read in full https://www.forbes.com/sites/digital-assets/2025/01/16/shock-trump-leak-sparks-huge-crypto-price-rally-boosting-bitcoin-xrp-and-solana/
I suspect a lot will depend upon what kind of "civilisations" the "things" launched upon a chain/platform attracts.
By "civilisation" I here mean basically the governance of the "thing", in the case of a currency / coin / token the governance whose currency (etc) it "is".
In the Galactic Milieu players are encouraged to create "civilisations" whose currency is some coin or other they like or wish to support or adopt as yet another way of supporting one's favourites or those one feels had a community worth supporting but screwed that community, or ones whose community suffered due to its being trashed by outsider forces, competitors, enemies or whatever.
There can in theory be civilisations (cultures? demographics? communities? etc), at least once tokens on a platform come into the picture, that basically just aim to drain value out of the underlying platform and thus apply no effort nor consideration nor concern maybe even no thought, let alone any actual capital, to supporting the value of the underlying platform's native currency in which fees are paid.
On many platforms of course increasing the value of the native currency increases the fees so there is an actual incentive to attempt to drive down the value of the native currency.
On platforms where any token can be directly traded against any other rather than all trading-pairs being the native token vs one of the tokens/assets using the platform, buy-sides can be built purely out of some other token/asset, so the native currency losing its spot-market value on whatever spot markets wherever is a much less direct danger to the hosted assets than is the case where supporting each asset's own spot-market (on that platform anyway) value requires more and more of the native currency the higher the value to be supported (by actual buy offers).
If an asset can get onto a platform while the platform's own native currency is "cheap", and help it to grow in value, its own buy-offers grow in value along with the growth of the native currency, whereas if it allows the native currency supporting it to decline its own existing buy offers (offering to buy itself back from its users, basically; to "redeem" it) lose value.
There can be civilisations / cultures / communities that are naturally inclined to be helpful to their allies and consider the platform an ally, but in principle there could also be ones that gleefully pillage the platform and, who knows, maybe don't even move on as one because a lot of them likely pillage their own "population" as it were too.
In Galactic Milieu terms those would be for example individual characters that form civilisations, possibly even in at least pretended co-operation with the characters played by other players, only to pillage all the things that being a civilisation gives them access to and maybe also the other players (and their characters) who supposedly were a part of the same civilisation.
I know from experience so far of trying to get the Milieu's currencies up and running on the Stellar platform that I am going to need a whole lot of XLM to build each one a buy-side with, especially because I have yet to find a third-party asset there that I trust enough to try to use it to build buy-sides with. (Stellar does allow any asset vs any asset market-pairs.)
Thus it seems clear to me that long term it is going to be more and more important to support or even increase the value of XLM the more valuable the assets I am trying to support with XLM become.
I have to wonder though, seriously, how many of the new tokens spawning on all kinds of platforms all over the place have figured that out let alone even care about it, if they even have any intention of existing long enough for anything other than initial-offering sales to matter at all to them.
But if some platforms tend to be chosen more by serious, well thought out projects than by the meme of the minute type projects maybe Ethereum might contrive to be such a platform and end up actually welcoming the fleeing of the fly by nighters to "competitors" that maybe even themselves might not have really thought out where cultivating civilisations of pillagers might lead...
-MarkM-
By "civilisation" I here mean basically the governance of the "thing", in the case of a currency / coin / token the governance whose currency (etc) it "is".
In the Galactic Milieu players are encouraged to create "civilisations" whose currency is some coin or other they like or wish to support or adopt as yet another way of supporting one's favourites or those one feels had a community worth supporting but screwed that community, or ones whose community suffered due to its being trashed by outsider forces, competitors, enemies or whatever.
There can in theory be civilisations (cultures? demographics? communities? etc), at least once tokens on a platform come into the picture, that basically just aim to drain value out of the underlying platform and thus apply no effort nor consideration nor concern maybe even no thought, let alone any actual capital, to supporting the value of the underlying platform's native currency in which fees are paid.
On many platforms of course increasing the value of the native currency increases the fees so there is an actual incentive to attempt to drive down the value of the native currency.
On platforms where any token can be directly traded against any other rather than all trading-pairs being the native token vs one of the tokens/assets using the platform, buy-sides can be built purely out of some other token/asset, so the native currency losing its spot-market value on whatever spot markets wherever is a much less direct danger to the hosted assets than is the case where supporting each asset's own spot-market (on that platform anyway) value requires more and more of the native currency the higher the value to be supported (by actual buy offers).
If an asset can get onto a platform while the platform's own native currency is "cheap", and help it to grow in value, its own buy-offers grow in value along with the growth of the native currency, whereas if it allows the native currency supporting it to decline its own existing buy offers (offering to buy itself back from its users, basically; to "redeem" it) lose value.
There can be civilisations / cultures / communities that are naturally inclined to be helpful to their allies and consider the platform an ally, but in principle there could also be ones that gleefully pillage the platform and, who knows, maybe don't even move on as one because a lot of them likely pillage their own "population" as it were too.
In Galactic Milieu terms those would be for example individual characters that form civilisations, possibly even in at least pretended co-operation with the characters played by other players, only to pillage all the things that being a civilisation gives them access to and maybe also the other players (and their characters) who supposedly were a part of the same civilisation.
I know from experience so far of trying to get the Milieu's currencies up and running on the Stellar platform that I am going to need a whole lot of XLM to build each one a buy-side with, especially because I have yet to find a third-party asset there that I trust enough to try to use it to build buy-sides with. (Stellar does allow any asset vs any asset market-pairs.)
Thus it seems clear to me that long term it is going to be more and more important to support or even increase the value of XLM the more valuable the assets I am trying to support with XLM become.
I have to wonder though, seriously, how many of the new tokens spawning on all kinds of platforms all over the place have figured that out let alone even care about it, if they even have any intention of existing long enough for anything other than initial-offering sales to matter at all to them.
But if some platforms tend to be chosen more by serious, well thought out projects than by the meme of the minute type projects maybe Ethereum might contrive to be such a platform and end up actually welcoming the fleeing of the fly by nighters to "competitors" that maybe even themselves might not have really thought out where cultivating civilisations of pillagers might lead...
-MarkM-
but does anyone actually know why etherum was so devalued and got screwed like this because of the commissions? I really can't understand it, I did mining a long time ago and I did it with their network and I must say that their environment was actually really performing, perhaps since they removed the POW they have done irreparable damage
You're darn right about that. ETH got screwed after it ditched PoW in favor of centralized PoS. Competitors like Kaspa and ETC have taken ETH's share of the mining industry. They're highly-popular among GPU miners. They're also much more decentralized. Not to mention, such coins have much lower gas fees.
The only thing keeping ETH afloat is first-mover advantage. If it wasn't by that, it would've been "dead" by now. Vitalik and team must focus on scaling the main ETH blockchain to help attract people from other chains into it. Solana is rising quickly in a bid to become the top Blockchain for "De-Fi" and NFTs. Only time will tell us what lies ahead for ETH. I'd stay with BTC and forget about the rest.
I will not talk about bitcoin because it has always been the king of all the cryptocoins. This is a store of value similar to gold. This is not a cryptocoin that is claiming itself to be the world computer.
However, if Ethereum will continue to be more higher in market capitalization but the total value locked, daily transactions and active developers are decreasing and become lower than Solana, would you consider Ethereum's market capitalization is the correct value for this blockchain? This would be headshaking because it would appear very much similar to a memecoin that has a groundless high value.
However, if Ethereum will continue to be more higher in market capitalization but the total value locked, daily transactions and active developers are decreasing and become lower than Solana, would you consider Ethereum's market capitalization is the correct value for this blockchain? This would be headshaking because it would appear very much similar to a memecoin that has a groundless high value.
Of course not. I'm one of the few who thinks Ethereum is overhyped. Even though it has first-mover advantage, it's terribly slow and expensive compared to Solana and its counterparts. Not only that, but ETH's supply is uncapped (infinitely expanding). Prices (and market cap) are too high for ETH. But somehow, most investors prefer Ethereum on top of Solana. I think this has to do with the fact that Ethereum is much more reliable and secure than its rival. It's what's keeping ETH alive these days.
I sure hope developers scale the main ETH blockchain, so we could relive the "golden days". 14 second block times and low fees were the norm on ETH back then. The experience was great. Until ETH is improved, Solana will remain the preferred chain for "meme" tokens/coins and NFTs. We'll see what happens in the long run.
I agree on scaling Ethereum's blockchain, however, it appears that Vitalik does not have a roadmap for this. If he had a roadmap, where is this? How many more years before Ethereum layer 1 will scale?
In any case, the Ethereum ETF was approved, however, this did not pump ETH to all time high. This should be on $10,000 already if investors are bullish on Ethereum. But it appears they are not hehehe. Solana might have an ETF that will be approved on last week of January. If this will pump it to all time high after 3 months, I speculate that it might become 3rd in market capitalization and the Ethereum killer storyline will be cheered again hehe.
Banking giant JPMorgan (JPM) has forecastedthe next wave of cryptocurrency exchange-traded funds (ETFs)—focusing on Solana and XRP—could experience substantial growth if the U.S. Securities and Exchange Commission (SEC) gives the green light.
The bank has projected these ETFs could draw as much as $14 billion in investments within their first year. Specifically, Solana ETFs are estimated to attract between $3 billion and $6 billion, while XRP ETFs could amass between $4 billion and $8 billion in net new assets. Matthew Sigel, head of digital assets research at VanEck, shared JPMorgan’s forecasts on the social media platform X, emphasizing how quickly new crypto ETFs can grow.
Read in full https://finance.yahoo.com/news/xrp-solana-etfs-could-draw-183617910.html
I will not talk about bitcoin because it has always been the king of all the cryptocoins. This is a store of value similar to gold. This is not a cryptocoin that is claiming itself to be the world computer.
However, if Ethereum will continue to be more higher in market capitalization but the total value locked, daily transactions and active developers are decreasing and become lower than Solana, would you consider Ethereum's market capitalization is the correct value for this blockchain? This would be headshaking because it would appear very much similar to a memecoin that has a groundless high value.
However, if Ethereum will continue to be more higher in market capitalization but the total value locked, daily transactions and active developers are decreasing and become lower than Solana, would you consider Ethereum's market capitalization is the correct value for this blockchain? This would be headshaking because it would appear very much similar to a memecoin that has a groundless high value.
Of course not. I'm one of the few who thinks Ethereum is overhyped. Even though it has first-mover advantage, it's terribly slow and expensive compared to Solana and its counterparts. Not only that, but ETH's supply is uncapped (infinitely expanding). Prices (and market cap) are too high for ETH. But somehow, most investors prefer Ethereum on top of Solana. I think this has to do with the fact that Ethereum is much more reliable and secure than its rival. It's what's keeping ETH alive these days.
I sure hope developers scale the main ETH blockchain, so we could relive the "golden days". 14 second block times and low fees were the norm on ETH back then. The experience was great. Until ETH is improved, Solana will remain the preferred chain for "meme" tokens/coins and NFTs. We'll see what happens in the long run.
I will not talk about bitcoin because it has always been the king of all the cryptocoins. This is a store of value similar to gold. This is not a cryptocoin that is claiming itself to be the world computer.
However, if Ethereum will continue to be more higher in market capitalization but the total value locked, daily transactions and active developers are decreasing and become lower than Solana, would you consider Ethereum's market capitalization is the correct value for this blockchain? This would be headshaking because it would appear very much similar to a memecoin that has a groundless high value.
However, if Ethereum will continue to be more higher in market capitalization but the total value locked, daily transactions and active developers are decreasing and become lower than Solana, would you consider Ethereum's market capitalization is the correct value for this blockchain? This would be headshaking because it would appear very much similar to a memecoin that has a groundless high value.
Of course not. I'm one of the few who thinks Ethereum is overhyped. Even though it has first-mover advantage, it's terribly slow and expensive compared to Solana and its counterparts. Not only that, but ETH's supply is uncapped (infinitely expanding). Prices (and market cap) are too high for ETH. But somehow, most investors prefer Ethereum on top of Solana. I think this has to do with the fact that Ethereum is much more reliable and secure than its rival. It's what's keeping ETH alive these days.
I sure hope developers scale the main ETH blockchain, so we could relive the "golden days". 14 second block times and low fees were the norm on ETH back then. The experience was great. Until ETH is improved, Solana will remain the preferred chain for "meme" tokens/coins and NFTs. We'll see what happens in the long run.
This might stop the Ethereum killer storyline for this season hehehehe. It is beginning to be speculated that the market of memecoins have become part of the moneylaundering operations of different criminal groups. Moneylaunderers receive dirty money, trade them in memecoins then receive clean money. There is not a need for them to use mixers anymore. However, these big inflows from moneylaunderers might stop because Chainalysis will expand their coverage in Solana.
Blockchain analytics provider Chainalysis has expanded its coverage of Solana tokens to include memecoins created on Pump.fun, a company representative said.
"Today Chainalysis extended our Solana coverage to include every Solana token in KYT and Reactor," the company's director of product, Matthew Wilson, said in a post on LinkedIn. "From the moment a SPL contract is deployed, Chainalysis offers complete alerting, exposure and tracing."
Know Your Transaction and Reactor are compliance tools offered by Chainalysis. SPL refers to the Solana Program Library.
Read in full https://www.theblock.co/post/330697/chainalysis-expands-solana-coverage-to-include-pump-fun-memecoins
Blockchain analytics provider Chainalysis has expanded its coverage of Solana tokens to include memecoins created on Pump.fun, a company representative said.
"Today Chainalysis extended our Solana coverage to include every Solana token in KYT and Reactor," the company's director of product, Matthew Wilson, said in a post on LinkedIn. "From the moment a SPL contract is deployed, Chainalysis offers complete alerting, exposure and tracing."
Know Your Transaction and Reactor are compliance tools offered by Chainalysis. SPL refers to the Solana Program Library.
Read in full https://www.theblock.co/post/330697/chainalysis-expands-solana-coverage-to-include-pump-fun-memecoins
I will not talk about bitcoin because it has always been the king of all the cryptocoins. This is a store of value similar to gold. This is not a cryptocoin that is claiming itself to be the world computer.
However, if Ethereum will continue to be more higher in market capitalization but the total value locked, daily transactions and active developers are decreasing and become lower than Solana, would you consider Ethereum's market capitalization is the correct value for this blockchain? This would be headshaking because it would appear very much similar to a memecoin that has a groundless high value.
However, if Ethereum will continue to be more higher in market capitalization but the total value locked, daily transactions and active developers are decreasing and become lower than Solana, would you consider Ethereum's market capitalization is the correct value for this blockchain? This would be headshaking because it would appear very much similar to a memecoin that has a groundless high value.
Gold is a store of value because people trust Gold and the same goes with bitcoin. People believe in bitcoin which is why it is still on the number one spot.
On the other hand, it is obvious that Ethereum will lose it's spot if the TVL, active developers and daily transactions drop below any other coin's stats.
It might retain the spot for some time but eventually the other coin will take the spot.
Meme coins are a separate thing all together and I think coins like ETH should never be compared to them after being on the second rank for so long.
@Abiky, @pawanjain. I reckon that there will be another bull market where another blockchain will become higher than Ethereum in market capitalization, higher in total value locked and a higher amount of daily transaction value. This is when everyone will declare that Ethereum's position in the cryptospace has been killed.
Everyone has begun to speculate on his already on 2020 because Ethereum's high fees and low capacity was beginning to be very annoying.
In any case, another important developer has left Ethereum and he has declared that he will support Solana.
The dynamic was further punctuated Monday with news that longtime Ethereum ecosystem developer Max Resnick was moving into Solana's orbit, abandoning his job at the developer studio Consensys.
Read in full https://www.coindesk.com/tech/2024/12/09/ethereum-dev-max-resnick-defects-to-solana-citing-frustration
Everyone has begun to speculate on his already on 2020 because Ethereum's high fees and low capacity was beginning to be very annoying.
In any case, another important developer has left Ethereum and he has declared that he will support Solana.
The dynamic was further punctuated Monday with news that longtime Ethereum ecosystem developer Max Resnick was moving into Solana's orbit, abandoning his job at the developer studio Consensys.
Read in full https://www.coindesk.com/tech/2024/12/09/ethereum-dev-max-resnick-defects-to-solana-citing-frustration
Isn't that the same story with Bitcoin? Core developer Mike Hearn left the project because it was a "failed experiment". Yet, BTC is more valuable and stronger than it was before. The same will happen with Ethereum. Some developers will jump ship to other crypto projects, but nothing will stop ETH from getting bigger and stronger in the long run.
Like I've stated before, Ethereum has first-mover advantage. Even if the competition provides greater benefits to the end user. The original project simply can't be beat. Not today, nor tomorrow, nor in another century. It's like saying ETH will beat BTC because it has lower fees, faster confirmation times, and smart contract capabilities. Solana and others will stay below ETH for as long as they live.
Why focus on "killing" Ethereum? Can't developers from different projects work together to make crypto/Blockchain land a better place? With cooperation from each side, crypto/Blockchain tech can improve until it beats the banking system for good. Wasn't that Satoshi's dream in the first place?
I will not talk about bitcoin because it has always been the king of all the cryptocoins. This is a store of value similar to gold. This is not a cryptocoin that is claiming itself to be the world computer.
However, if Ethereum will continue to be more higher in market capitalization but the total value locked, daily transactions and active developers are decreasing and become lower than Solana, would you consider Ethereum's market capitalization is the correct value for this blockchain? This would be headshaking because it would appear very much similar to a memecoin that has a groundless high value.
@Abiky, @pawanjain. I reckon that there will be another bull market where another blockchain will become higher than Ethereum in market capitalization, higher in total value locked and a higher amount of daily transaction value. This is when everyone will declare that Ethereum's position in the cryptospace has been killed.
Everyone has begun to speculate on his already on 2020 because Ethereum's high fees and low capacity was beginning to be very annoying.
In any case, another important developer has left Ethereum and he has declared that he will support Solana.
The dynamic was further punctuated Monday with news that longtime Ethereum ecosystem developer Max Resnick was moving into Solana's orbit, abandoning his job at the developer studio Consensys.
Read in full https://www.coindesk.com/tech/2024/12/09/ethereum-dev-max-resnick-defects-to-solana-citing-frustration
Everyone has begun to speculate on his already on 2020 because Ethereum's high fees and low capacity was beginning to be very annoying.
In any case, another important developer has left Ethereum and he has declared that he will support Solana.
The dynamic was further punctuated Monday with news that longtime Ethereum ecosystem developer Max Resnick was moving into Solana's orbit, abandoning his job at the developer studio Consensys.
Read in full https://www.coindesk.com/tech/2024/12/09/ethereum-dev-max-resnick-defects-to-solana-citing-frustration
Isn't that the same story with Bitcoin? Core developer Mike Hearn left the project because it was a "failed experiment". Yet, BTC is more valuable and stronger than it was before. The same will happen with Ethereum. Some developers will jump ship to other crypto projects, but nothing will stop ETH from getting bigger and stronger in the long run.
Like I've stated before, Ethereum has first-mover advantage. Even if the competition provides greater benefits to the end user. The original project simply can't be beat. Not today, nor tomorrow, nor in another century. It's like saying ETH will beat BTC because it has lower fees, faster confirmation times, and smart contract capabilities. Solana and others will stay below ETH for as long as they live.
Why focus on "killing" Ethereum? Can't developers from different projects work together to make crypto/Blockchain land a better place? With cooperation from each side, crypto/Blockchain tech can improve until it beats the banking system for good. Wasn't that Satoshi's dream in the first place?
@Abiky, @pawanjain. I reckon that there will be another bull market where another blockchain will become higher than Ethereum in market capitalization, higher in total value locked and a higher amount of daily transaction value. This is when everyone will declare that Ethereum's position in the cryptospace has been killed.
Everyone has begun to speculate on this already on 2020 because Ethereum's high fees and low capacity was beginning to be very annoying.
In any case, another important developer has left Ethereum and he has declared that he will support Solana.
The dynamic was further punctuated Monday with news that longtime Ethereum ecosystem developer Max Resnick was moving into Solana's orbit, abandoning his job at the developer studio Consensys.
Read in full https://www.coindesk.com/tech/2024/12/09/ethereum-dev-max-resnick-defects-to-solana-citing-frustration
Everyone has begun to speculate on this already on 2020 because Ethereum's high fees and low capacity was beginning to be very annoying.
In any case, another important developer has left Ethereum and he has declared that he will support Solana.
The dynamic was further punctuated Monday with news that longtime Ethereum ecosystem developer Max Resnick was moving into Solana's orbit, abandoning his job at the developer studio Consensys.
Read in full https://www.coindesk.com/tech/2024/12/09/ethereum-dev-max-resnick-defects-to-solana-citing-frustration
Thanks for letting me know about firedancer. I didn't know about and it's good to hear that blockchain outages are not happening currently.
Solana is a tough competitor for ethereum but is still far away from taking it's spot.
TVL might be on the rise but ETH ecosystem is still having a large number of regular users.
May be by the end of this bull cycle, we will get a clear picture of who is actually growing stronger.
Solana is a tough competitor for ethereum but is still far away from taking it's spot.
TVL might be on the rise but ETH ecosystem is still having a large number of regular users.
May be by the end of this bull cycle, we will get a clear picture of who is actually growing stronger.
Don't forget about TON. It's rising in TVL, too. Oftentimes, the project has been neck-and-neck with Solana. Despite both networks being superior to Ethereum in terms of performance and cost-efficiency, they lack one thing. And that's first-mover advantage. Since ETH is the pioneer of smart contracts (Web 3.0), it has enjoyed strong market dominance for years. Almost impossible to beat it. Just like Bitcoin.
I know people will use the coin that's most convenient for them (especially centralized "shitcoins"). But Ethereum will still survive because it has a loyal userbase still backing it every step of the way. Security/reliability comes first in ETH. Unlike the competition (eg: Solana) which often faces network stability and centralization issues. Ultimately, the market will decide which coin stays afloat and which ones will go all the way down the drain in an instant. I think we all know the answer to this.
Solana has everything to flip Ethereum but the network outages it suffers from cannot be ignored.
We have seen the blockage frequently and to be honest, it's not good for a blockchain to take a halt.
Besides that, most of the SOL are being held by VCs and that is something to concern.
We have seen the blockage frequently and to be honest, it's not good for a blockchain to take a halt.
Besides that, most of the SOL are being held by VCs and that is something to concern.
It's been a long time since Solana became a victim of network outages. Maybe developers fixed it? With the Firedancer node software already in motion, Solana is bound to become a reliable and secure Blockchain for everyone. The competition is getting fierce these days. If ETH fails to gather the attention of investors, SOL will "eat its cake". As simple as that.
Actually, Solana's TVL is on the rise. But the opposite is happening with ETH. Developers need to come up with something new and exciting if they want ETH to remain the leading force of the market. Who knows what will happen in the future?
Thanks for letting me know about firedancer. I didn't know about and it's good to hear that blockchain outages are not happening currently.
Solana is a tough competitor for ethereum but is still far away from taking it's spot.
TVL might be on the rise but ETH ecosystem is still having a large number of regular users.
May be by the end of this bull cycle, we will get a clear picture of who is actually growing stronger.
@d5000. Thank you very much for sharing this. I am not very much excited on the developments of layer 2 on bitcoin, however, if the tokens for these projects might pump, I will certainly buy hehehehe.
What is very exciting is the development of new hardware, fiber optics network and cables to create a faster internet. It appears that if blockchains presently cannot scale because of limitations of the internet, it appears these developers are telling everyone the solution is to create a new faster internet heheheheh.
Solana Foundation’s head of strategy Austin Federa announced he would be departing the nonprofit to found DoubleZero, a network of fiber and subsea cables meant to establish a faster and more performant “new internet.”
Federa had been at Solana Labs and Foundation for nearly four years, becoming one of Solana’s more recognizable public figures. He’s now founding DoubleZero — which will start by supporting Solana — alongside cofounders Mateo Ward and Andrew McConnell. Jito CEO Lucas Bruder called the startup “the most interesting experiment in crypto.”
Read in full https://blockworks.co/news/solana-exec-founds-internet-depin
What is very exciting is the development of new hardware, fiber optics network and cables to create a faster internet. It appears that if blockchains presently cannot scale because of limitations of the internet, it appears these developers are telling everyone the solution is to create a new faster internet heheheheh.
Solana Foundation’s head of strategy Austin Federa announced he would be departing the nonprofit to found DoubleZero, a network of fiber and subsea cables meant to establish a faster and more performant “new internet.”
Federa had been at Solana Labs and Foundation for nearly four years, becoming one of Solana’s more recognizable public figures. He’s now founding DoubleZero — which will start by supporting Solana — alongside cofounders Mateo Ward and Andrew McConnell. Jito CEO Lucas Bruder called the startup “the most interesting experiment in crypto.”
Read in full https://blockworks.co/news/solana-exec-founds-internet-depin
can you share more of these bitcoin layer 2 projects?
I have actually opened a whole thread dedicated to that topic: the Sidechain Observer (don't know if I already linked to it here in this thread, but seems in the last post I didn't).Most of the so called L2 projects however are very dubious. For example, there's a site called l2.watch tracking a lot of them, but many aren't really L2s, or are completely centralized so it's not better to transact on their chain than with something like Coinbase's payment app. A site which reviews several L2s is BitcoinLayers.
Projects I think are relatively seriously managed and thus worth a look besides Nomic are: Stacks, Botanix (Spiderchain), Rootstock (RSK), tBTC (active on several chains) and potentially a new generation of Layer2-s based on BitVM technology, which may be even more decentralized but is however quite new, so it may take months or even years until we see a mainnet.
Nomic and Threshold tBTC are the only ones which are already live and active from those I mentioned. Nomic has the problem that its token is currently not listed anywhere and can thus only be obtained via staking, which seems to be on purpose because the tech is still experimental. So Threshold's tBTC seems to be the most mature at this moment. Stacks sBTC is going live still in December according to their X account (see here).
Solana has everything to flip Ethereum but the network outages it suffers from cannot be ignored.
We have seen the blockage frequently and to be honest, it's not good for a blockchain to take a halt.
Besides that, most of the SOL are being held by VCs and that is something to concern.
We have seen the blockage frequently and to be honest, it's not good for a blockchain to take a halt.
Besides that, most of the SOL are being held by VCs and that is something to concern.
It's been a long time since Solana became a victim of network outages. Maybe developers fixed it? With the Firedancer node software already in motion, Solana is bound to become a reliable and secure Blockchain for everyone. The competition is getting fierce these days. If ETH fails to gather the attention of investors, SOL will "eat its cake". As simple as that.
Actually, Solana's TVL is on the rise. But the opposite is happening with ETH. Developers need to come up with something new and exciting if they want ETH to remain the leading force of the market. Who knows what will happen in the future?
Isn't Solana the same project that has been down for hours several times? And if there is a huge increase in smart contracts, the blockchain will stop and transactions will not be processed? The bet on Solana comes from the fact that its price has increased recently, and if the same thing happened to projects like ADA or DOT, you will find similar articles, but in the end, Ethereum's value is still far from all altcoins.
Solana has everything to flip Ethereum but the network outages it suffers from cannot be ignored.
We have seen the blockage frequently and to be honest, it's not good for a blockchain to take a halt.
Besides that, most of the SOL are being held by VCs and that is something to concern.
It appears that this storyline of Ethereum killers will come very much similar to a Netflix show with different seasons during bull markets hehehehe.
You already said it loud and clear haha
The way people said etherum killer it just said like Im building the Bitcoin killer, but really Bitcoin is pave the way of crypto currency and the Etherum pave the way of the Decentralized App and Smart Contract this is it the other pretty much just copy cat with the advantage of 1 and two things.
Solana is of course not a bad chain is fast and cheap chain but solana is not different with the ETH that created the first idea. For now Solana is just eth chain only fast and cheap. ETH has ton of ecocsytem on it that already up and running and cheap and fast already handle by their Layer 2 of etherum that pretty much is everywhere right now.
@d5000. There have been much speculations that there might be a season of pumps for layer 2 that are being created on bitcoin. You have mentioned Nomic as having a good technology, can you share more of these bitcoin layer 2 projects? There might be a good argument for investing in these project's tokens because if bitcoin pumps to more than $500k, there will be much disposable funding available.
Also, other projects on other blockchains might begin speculating on bitcoin and in the layer2 hehehehe.
With bitcoin dominance reaching multiyear highs of over 60% during the current bull market, projects built on other networks have been looking for ways to get a slice of the pie. Now the AI bots are giving it a go.
Artificial intelligence-focused Ethereum layer-2 blockchain Mode is the latest to bridge to Bitcoin in an attempt to access the deep wells of liquidity held in BTC.
Read in full https://www.coindesk.com/tech/2024/12/05/everyone-wants-a-piece-of-the-bitcoin-pie-now-the-ai-bots-are-coming-for-it-too
Also, other projects on other blockchains might begin speculating on bitcoin and in the layer2 hehehehe.
With bitcoin dominance reaching multiyear highs of over 60% during the current bull market, projects built on other networks have been looking for ways to get a slice of the pie. Now the AI bots are giving it a go.
Artificial intelligence-focused Ethereum layer-2 blockchain Mode is the latest to bridge to Bitcoin in an attempt to access the deep wells of liquidity held in BTC.
Read in full https://www.coindesk.com/tech/2024/12/05/everyone-wants-a-piece-of-the-bitcoin-pie-now-the-ai-bots-are-coming-for-it-too
Jump to: