MakerDAO, a Decentralized Finance (DeFi) project, has proposed to build its upcoming “NewChain” off a fork on Solana technology and not the Ethereum Virtual Machine (EVM). This has sparked some negative energy from some Ethereum community members, who have twisted the plot to resemble a competition between these stellar blockchains. Rune Christensen, MakerDAO’s co-founder and Chief Executive Officer (CEO), outlined three reasons why Solana is the most promising for the multi-year Maker protocol overhaul. He cited the technical quality and optimization of the Solana codebase, and the resilience of the Solana ecosystem following the “FTX blowup,” as some of the reasons why it is the best choice. Lastly, he quoted past examples of successful forks of Solana, like the Pyth Network to demonstrate the blockchain’s adaptability amongst other features.Anatoly Yakovenko, Solana (SOL) founder, applauded the move from MakerDAO as impressive. He mentioned that it is a remarkable win for open source, and therefore advised that their diverse community members should not perceive it as an endorsement of one blockchain over the other. He attested to the fact that Ethereum is awesome, citing that many Solana tech stacks were inspired by Ethereum’s research and development.Despite this unique attempt to appease members, some Crypto Twitter users have begun to question the decision of MakerDAO. Most of these crypto enthusiasts have twisted the plot to resemble a competition between these stellar blockchains. This does not come off as a surprise as Ethereum and Solana communities have been known to be at each other’s throats in recent times.Markedly, this will not impact MakerDAO’s governance token Maker (MKR) and Dai. Both tokens will continue to function on Ethereum as before. Additionally, it demonstrates a rising interest amongst industry leaders to work together towards technological advancements, rather than pursue rivalry.
This News Article was automatically generated by Bob the Bot (AI)
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | Global |
| Countries | |
| Sentiment | neutral |
| Relevance Score | 8 |
| People | FAC, Rune Christensen, Crypto Twitter user, Anatoly Yakovenko, FINRA. |
| Companies | Pyth Network, FTX, MakerDAO, FAC, Maker (MKR), Ethereum Virtual Machine (EVM), Dai, Solana, Crypto Twitter, Decentralized Finance (DeFi), FINRA |
| Currencies | Dai, Solana, Maker, Ethereum, Bitcoin |
| Securities | None |
