In a recent interview with Real Vision, Anatoly Yakovenko, Co-Founder and CEO of Solana Labs, the Solana blockchain development company ($SOL), talked about the opportunity of integrating both elements: high performance and high reliability.
In an interview with Raoul Pal, Co-Founder and CEO of financial and business video channel Real Vision, Yakovenko said:
“This is our biggest challenge, because we have users and, there are about 30 million transactions a day. Our peak day is 65 million. That’s more than all the other strings combined.
“Binance Smartchain accounts for only one-tenth of them. I think Ethereum is one-thirtieth. And because of this overload, we’ve seen things that we didn’t expect and we’ve been a little short-sighted by these types of cyberattacks…
The Solana Labs CEO also explained why Bitcoin can be more flexible than Solana:
“[Bitcoin] is designed to be extremely flexible, such as when a bunch of Chinese hash codes stop working even for about 2 hours. And the network is perfectly fine. If Solana is down for 2 hours, the network dies because it is designed to generate a block every 400 milliseconds…
About a week ago, James Mullarney, host of the very popular YouTube channel “InvestAnswers,” compared Ethereum ($ETH) to Solana ($SOL).
In a YouTube video released on August 28, Mullarney compared Ethereum and Solana in terms of speed, fees, technology, ecosystem, and ultimately daily active users (DAUs), and the breadth of DApps.
According to the report, here are some highlights from Mullarney’s remarks:
“Solana wins TPS. Fees are a constraint, although Solana is still cheaper. Technology, we believe Solana is better, although it has bugs [and] it is still in the testing phase … The Ethereum ecosystem has an advantage. It’s been around longer and there’s more… A daily active user and range of DApps, Solana has little advantage. Therefore, Solana is the winner.