Solana, the blockchain protocol designed for decentralized applications (dapps), is confident that it can achieve scalability without relying on layer-2 solutions like Ethereum. Anatoly Yakovenko, co-founder of Solana, asserts that their hybrid consensus mechanism allows the network to scale efficiently without the need for additional layers.
Yakovenko emphasizes their goal of synchronizing a global atomic state machine as quickly as the laws of physics permit. He downplays the significance of layer-2 off-chain options such as Arbitrum and Base, stating that they are external execution environments that cannot ensure atomic composition with the rest of the layer-1 state.
While developers are still welcome to create layer-2 solutions for Solana, Yakovenko believes that they won’t be necessary due to the network’s ability to handle growing demand without workarounds. This diverges from Ethereum’s approach, as the Ethereum network increasingly relies on layer-2 solutions to address congestion and high transaction fees.
Layer-2 solutions like Optimism and Arbitrum have gained popularity within the Ethereum ecosystem for their ability to offload transactions from the mainnet while maintaining compatibility with existing smart contracts. According to L2Beat data, these layer-2 solutions have a combined total value locked (TVL) of over $20 billion, with Arbitrum managing $10 billion of assets.
While Solana aims to provide a high-performance, low-cost environment for dapps, the network has faced instances of freezing, raising concerns about its reliability. To address this, Solana plans to upgrade its client by incorporating Firedancer, a technology that enhances node reliability and performance.
In contrast, Ethereum seems to be embracing the layer-2 approach. During a recent developer call, it was decided that Ethereum’s gas limit would not be further increased beyond the 30 million gwei level, leading analysts to believe that on-chain scaling ambitions for off-chain methods would be delayed.
As both Solana and Ethereum pursue different strategies to achieve scalability, it remains to be seen which approach will prove to be more effective in meeting the demands of the growing decentralized application ecosystem.
Disclaimer: This article is for educational purposes only and does not constitute financial advice. Investing in cryptocurrencies carries inherent risks, and readers are encouraged to do their own research before making any investment decisions.
The source of the article is from the blog cheap-sound.com