One of Ethereum (ETH )’s latest scalability solutions, StarkNet, has many advantages over Solana (SOL), claims Ryan Berckmans
- StarkNet or Solana?
- All Ethereum L2s soar
Ryan Berckmans, Ethereum (ETH) investor and active contributor to Ethereum-based products, explains the key benefits of the StarkNet scalability solution.
StarkNet or Solana?
According to Mr Berckmans’ tweetstorm, Ethereum’s Layer 2 scalability solution, StarkNet by Starkware Industries, has a number of advantages over the highly anticipated “Ethereum killer” Solana.
1 / StarkNet vs. Solana
As crypto grows, there is a need for scaling solutions that can grow to global ubiquity. On Ethereum, only a few zk rollups like StarkNet meet this criterion, but luckily they do it very well.
Here are three advantages of StarkNet vs. Solana
– Ryan Berckmans (@RyanBerckmans) September 17, 2021
First, StarkNet charges stay low as the network scales, while Solana (SOL) charges increase in the event of congestion.
Then StarkNet’s “ownership rights” are actually Ethereum’s, so all interactions are protected by the entire L1 hashrate. At the same time, StarkNet is more decentralized.
While Ethereum (ETH) has four independent customers developed by different teams, Solana (SOL) only has one, and that status quo will most likely remain intact.
All Ethereum L2s soar
After all, ownership of Solana’s native token, SOL, appears to be far more whale-dominated than Ether. Mr Berckmans recalled that 40% of SOL is considered a non-circulating supply.
Image via L2Beat
As previously reported by U.Today, second tier scalability solutions for Ethereum (ETH) are experiencing an unprecedented surge in user activity and overall value.
As the leading L2 tracking dashboard L2Beat shows, the TVL of Ethereum’s Layer 2 ecosystem has more than quadrupled in seven days.
At press time, the total for all mainstream platforms is over $ 3.6 million.