Don't want to kill ‘beautiful’ Ethereum

[usekevin]

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.

Now one can kill the etherum at anycost.Because Eth had huge inestors,now the price of Ethereum crossing the value of 3900$.Many doubt that,Ethereum won't cross the limit of 2k$.But it had increased to 4k$,which is double of the non believed value.It's enough for the Ethereum to sustain for a decade.

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[thesosorr]

I briefly say that the Gas problem in every Ethereum transaction looks high because the current Ethereum price is very different from the current ETH price where the difference between the current ETH price and the current price is very much different. Then you compare the price of Solana with the current price of BNB. Who is more expensive in gas fees on each transaction between Solana and BNB? Solana is definitely cheaper because the price of BNB is higher than the price of Solana.

[South Park]

Please note, no project is going to be an ethereum killer now or in the future. no single project can undermine the dominance of ethereum in the Dapps network. Solana, Binance Chain, Cardano, Polkadot will only remain alternative options. maybe now those projects look very good and popular, but all that will fade when ethereum 2.0 comes. Just look at today, while ethereum is still having trouble dealing with the Gas fee issue, they still don't waver. then what can those projects do when ethereum has been able to solve the problem?. nothing, so forget about ethereum killer speculation.

That kind of speculation is always going to be there, it is similar to what we see with bitcoin and people thinking the coin in which they are invested has a chance of surpassing it, I think that even if the chances of this were always small if a developer wanted to achieve this their best chance to achieve this was before 2017, now that bitcoin is being supported by institutional investors and even a country it is almost impossible to surpass it, and I think something similar is going to happen when ethereum 2.0 finally comes.

[andyou1234]

I briefly say that the Gas problem in every Ethereum transaction looks high because the current Ethereum price is very different from the current ETH price where the difference between the current ETH price and the current price is very much different. Then you compare the price of Solana with the current price of BNB. Who is more expensive in gas fees on each transaction between Solana and BNB? Solana is definitely cheaper because the price of BNB is higher than the price of Solana.

the cost of ethereum gas does look very high but I think etherem gas is very suitable for the current price of ETH, why is the cost of binance and MATIC gas so low because the price is still very low, but if the price of bnb and matic increases the gas cost will also increase , I think the high cost of ETH gas will not be an obstacle for ETH to be able to continue to grow in the future, the proof is that until now ETH still dominates and becomes the 2nd highest coin after BTC, and I never thought that in a few next year other altcoins will kill and usurp the ETH position.

[nelson4lov]

I briefly say that the Gas problem in every Ethereum transaction looks high because the current Ethereum price is very different from the current ETH price where the difference between the current ETH price and the current price is very much different. Then you compare the price of Solana with the current price of BNB. Who is more expensive in gas fees on each transaction between Solana and BNB? Solana is definitely cheaper because the price of BNB is higher than the price of Solana.

I'm not sure that's how it works (higher prices don't necessarily  mean higher fees). Solana is built to be cheap and scalable on demand even though it doesn't having sharding technology like NEAR protocol, it does a good hob at providing cheap transactions to its users. The only downside with using Solana is the not-so-good user experience. Binance smart chain wasn't built to be scalable which is why gas fees there increased as usage increased.

[CaVO32]

Please note, no project is going to be an ethereum killer now or in the future. no single project can undermine the dominance of ethereum in the Dapps network. Solana, Binance Chain, Cardano, Polkadot will only remain alternative options. maybe now those projects look very good and popular, but all that will fade when ethereum 2.0 comes. Just look at today, while ethereum is still having trouble dealing with the Gas fee issue, they still don't waver. then what can those projects do when ethereum has been able to solve the problem?. nothing, so forget about ethereum killer speculation.

That kind of speculation is always going to be there, it is similar to what we see with bitcoin and people thinking the coin in which they are invested has a chance of surpassing it, I think that even if the chances of this were always small if a developer wanted to achieve this their best chance to achieve this was before 2017, now that bitcoin is being supported by institutional investors and even a country it is almost impossible to surpass it, and I think something similar is going to happen when ethereum 2.0 finally comes.

If nothing else, these new networks like SOL, ADA or DOT are very good alternatives if you are looking for cheaper networks to transact with. Right now, eth network is still expensive but people are still investing on eth because they believe eth will one day improve their gas fees, and besides the developers of eth are really doing their job to deliver something to the community. It is just that their gas fees are still quite expensive for small traders. This is the reason why cheaper networks are rising these days. But to surpass ETH, they have a lot to prove like more projects on board and others. And it will take time to achieve all the things done by ETH.

[Cryptock]

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.

At the moment, it may seem that projects such as Solana and Cardano are developing faster than Ethereum. However, no one takes into account that Ethereum 2 will soon be implemented. This will be a huge leap forward for Ethereum and the rest of the projects will stay far behind.

[timerland]

As the founder said, I don't think that SOL will necessarily be able to overtake ETH.

It'll likely be an alternative, sure, but we've seen that ETH has significant first mover advantage in the fields of DeFi and NFT that someone simply can't overtake in a year or two.

There is way more institutional adoption with ETH than SOL. That's for sure.

[senyorito123]

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.

I don't think so sol will over thrown ethereum, though it showed a lot of significant breakthrough but it doesn't have tokens that supports their network same as erc20. What I only about this was because of huge number of holders, it's only an asset for everybody who chooses to trade and hold. Unlike bnb and polygon their competition was currently raging towards future endeavors.

[YinShuiSiYuan]

As the founder said, I don't think that SOL will necessarily be able to overtake ETH.

It'll likely be an alternative, sure, but we've seen that ETH has significant first mover advantage in the fields of DeFi and NFT that someone simply can't overtake in a year or two.

There is way more institutional adoption with ETH than SOL. That's for sure.

Certainly, Ethereum's advantage on the market is very large, just look at the capitalization of both projects. Ethereum has also been in the cryptocurrency market for a lot longer. I agree that SOL will not be able to "kill ETH", and both projects will simply cut a slice of the market from this pie. I'm sure Ethereum will cut a much larger slice.

[TinaK]

As the founder said, I don't think that SOL will necessarily be able to overtake ETH.

It'll likely be an alternative, sure, but we've seen that ETH has significant first mover advantage in the fields of DeFi and NFT that someone simply can't overtake in a year or two.

There is way more institutional adoption with ETH than SOL. That's for sure.

Yes, I agree, look at the BNB that have said before, or maybe their plan is to overtake ethereum but it did not happen. SOL and ADA were doing the same, I don't know if there's one of them that can able to surpass ETH but as of now, ETH was an advantage when it comes to new projects, still, this ETH has a good network, not the BNB, ADA or SOL. It will maybe remain in the second place of BTC is ETH. No one can kill ethereum and also ethereum can't kill bitcoin.