Solana co-founder backs Ethereum amid MakerDAO fork consideration

Solana, a high-performance blockchain platform, recently saw its co-founder, Anatoly Yakovenko, voice his support for Ethereum. This comes as the MakerDAO community is considering a fork, due to the platform’s vulnerabilities. Yakovenko believes that Ethereum is one of the most secure and decentralized blockchain networks, and suggests that the MakerDAO community should work towards solutions within the Ethereum ecosystem rather than forking. This endorsement from a Solana co-founder highlights the confidence in Ethereum’s capabilities and its importance in the blockchain industry.

Solana Co-founder Supports Ethereum Amid MakerDAO Fork Consideration

In a recent blog post, Rune Christensen, the CEO of MakerDAO, announced the final phase of the MakerDAO Endgame plan. This new phase involves reimagining the decentralized finance (DeFi) protocol on a forked version of Solana called NewChain.

Christensen praised Solana for its technical prowess, optimization, and resilience in the face of challenges. He also mentioned Solana’s thriving developer community as a valuable asset that reduces development and maintenance costs while ensuring a consistent pool of talented individuals.

NewChain: A Vital Bridge Between Ethereum and Solana

Christensen suggested that NewChain could serve as a vital bridge connecting Ethereum and Solana. He emphasized the strategic benefits of having a Two-Stage Gravity Bridge from NewChain to Solana, as well as a bridge from NewChain to Ethereum.

While some members of the crypto community celebrated MakerDAO’s consideration of Solana as a victory over Ethereum, Solana’s co-founder, Anatoly Yakovenko, urged caution. Yakovenko emphasized that Maker’s decision was a win for open-source technology and did not diminish the significance of Ethereum or Solana’s mainnet. He stressed that Solana’s success was built upon Ethereum’s research and development and acknowledged Ethereum’s contributions to the industry.

Vitalik Buterin’s MKR Token Sale

On the other hand, Ethereum co-founder Vitalik Buterin made waves in the crypto community when he sold all his MKR tokens through a decentralized exchange. The sale amounted to approximately 353 ETH (equivalent to around $581,000).

While some speculated that Buterin’s actions were retaliatory, considering his previous endorsements of the Solana network, such assumptions seemed unfounded. Buterin’s sale of MKR tokens attracted attention from prominent figures like Justin Sun, the founder of the Tron Network.

In conclusion, MakerDAO’s exploration of a forked version of Solana for its DeFi protocol demonstrates the recognition of Solana’s technical capabilities and potential benefits. However, it is important not to perceive this decision as a direct competition between Solana and Ethereum. Both platforms have made significant contributions to the blockchain industry, and their collaboration, as suggested by Christensen, could prove mutually beneficial.

The original article can be accessed here.

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