CEO of ConsenSys and previously a co-founder of Ethereum (CRYPTO: ETH) Joseph Lubin has criticized Solana (CRYPTO: SOL), and says he thinks the financial mannequin of paying out validators “disproportionate rewards” is unsustainable.
- Throughout a current interview, Lubin mentioned that Solana must give you a extra sustainable enterprise mannequin and tasks like Solana “both faux it till they make it, or they die.”
- Lubin mentioned, in addition to the difficulty of its financial mannequin, Solana has additionally confronted its fair proportion of bottlenecks. He notes that there have been quite a few occasions the chain has gone down because of spam assaults, which Lubin says additionally has a direct relation to the price construction.
- In the meantime, Solana hit again at Lubin’s feedback. The crypto’s builders mentioned that taking a look at income doesn’t precisely predict the long-term efficiency of a blockchain’s financial mannequin.
- Ethereum’s market share has gone from virtually 100% dominance in 2020 to simply above 54%, and it has been a downward development the whole time.
Value Motion: On Sunday, Ethereum was priced at $2,893.52, down 2.15% in 24 hours. Solana, in the meantime, was down 0.99% in a 24-hour interval, priced at $90.36.
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Picture: Courtesy of Duncan Rawlinson on Flickr