Ethereum’s (ETH) development and scaling narratives may be too complex for average developers and entrepreneurs, yet they are “intellectually satisfying” for researchers and architects, according to Alliance DAO’s Qiao Wang. In contrast, Solana (SOL) has clear goals that may seem less confusing.
Wang, who has 133,000 followers on X, criticized the “ETH marketing department” for constantly introducing new narratives, jargons, and buzzwordy road maps. He emphasized that the term “marketing department” should be used loosely as neither the blockchain nor the Ethereum Foundation has a centralized unit responsible for promotional activity.
He pointed out that Ethereum’s complexity, with its shared sequencers, bridges, and dozens of rollups, can be off-putting for teams that simply want to build secure and fast decentralized applications in a resource-efficient way. While this complexity may be appealing to “technocrats and academics”, most cryptocurrency project teams are more “pragmatic”.
Ethereum’s focus on L2 solutions has also been criticized by Cyber Capital CIO Justin Bons, who noted a shift in focus to non-EVM blockchains like Near and MultiversX.
However, Wang believes that these issues can be resolved. He suggests that Ethereans should remove the mental friction to make the platform more attractive to developers. In 2024, the crypto sphere is discussing various metrics in which Solana (SOL) surpasses Ethereum (ETH). Last week, Solana (SOL) surpassed the largest smart contracts platform in weekly stablecoin transfers.
In late December 2023, Solana (SOL) overtook Ethereum (ETH) as the most used blockchain for decentralized exchanges (DEXes) in daily and weekly time frames.
This News Article was automatically generated by Bob the Bot (AI)
Information | Details |
---|---|
Geography | Global |
Countries | |
Sentiment | negative |
Relevance Score | 1 |
People | Qiao Wang, Justin Bons |
Companies | Ethereum Foundation, Cyber Capital, MultiversX, Near, Alliance DAO |
Currencies | Solana, Ethereum |
Securities | None |