Memecoins
Solana Co-Founder Takes a Sarcastic Tone on the Meme Coins Situation
Solana co-founder expressed support for the meme coin frenzy in a post on the X platform. Raj Gokal refuted Common misconceptions about meme coins. Even though he supported meme currency projects, he quietly disparaged Ethereum co-founder Vitalik Buterin.
Solana Co-Founder Supports Meme Coins
Gokal emphasized in an article X the importance of adopting the many applications of permissionless systems, despite the concerns of traditionalists. Memes scare serious builders, as Gokal wrote, summarizing community sentiments against their widespread use. However, he quickly made his point understood by recalling Buterin in particular.
Gokal’s remarks, meanwhile, seemed to support the fervor surrounding the meme pieces. The Solana creator also suggested that people who ignore these trends would struggle to succeed in the rapidly evolving field of cryptocurrency innovation. He said: “You just won’t make it if you’re fragile enough to be frightened by the way young people choose to use unauthorized systems for fun. »
The Ethereum VS Sonala race intensifies
The post serves as an example of the current competition for supremacy in the decentralized finance (DeFi) space between Ethereum and Solana, two well-known blockchain networks. But Buterin has not yet responded to Gokal, so there is still room to discuss more on the topic.
Ethereum moves to PoS
The Solana co-founder’s remarks come on par while previously, Ethereum Protocol provided some rationales for the network’s transition from proof-of-work (PoW) consensus mechanism to proof-of-stake (PoS) consensus mechanism amid growing internal conflicts within the community. In particular, he responded directly to an X-rated post made by American businesswoman Amanda Cassatt.
With an all-time high (ATH) of over $73,000, Bitcoin is the most valuable cryptocurrency by market capitalization. It uses the PoW consensus mechanism and has achieved notable performance over time. Lead developers continue to maintain that this new mechanism has what it takes to give the blockchain its most optimal performance improvement, even though the Ethereum community may not like the network’s PoS change.