Ethereum Co-Founder Calls Solana Unsustainable: It’s A ‘Fake It Until You Make It’ Business Model


CEO of Co nsenSys and previously a co-founder of Ethereum (CRYPTO: ETH) Joseph Lubin has actually slammed Solana (CRYPTO: SOL), and states he believes the financial design of paying validators “disproportionate rewards” is unsustainable.

  • During a current interview, Lubin stated that Solana requires to come up with a more sustainable organization design and jobs like Solana “either fake it until they make it, or they die.”
  • Lubin stated, besides the problem of its financial design, Solana has actually likewise faced its reasonable share of traffic jams. He keeps in mind that there have actually been many times the chain has actually decreased due to spam attacks, which Lubin states likewise has a direct relation to the cost structure.
  • Meanwhile, Solana countered at Lubin’s remarks. The crypto’s designers stated that taking a look at income does not properly anticipate the long-lasting efficiency of a blockchain’s financial design.
  • Ethereum’s market share has actually gone from practically 100% supremacy in 2020 to simply above 54%, and it has actually been a down pattern the whole time.

Price Action: On Sunday, Ethereum was priced at $ 2,893.52, down 2.15% in 24 hours. Solana, on the other hand, was down 0.99% in a 24-hour duration, priced at $ 90.36.

Also Read: Best Of Both Worlds? Coinbase Adds Support For Solana

Photo: Courtesy of Duncan Rawlinson on Flickr


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