In this article, we will cover the difference between Solana and Ethereum 2.0 from a different perspective. We will score according to the criteria and announce the winner at the end of the article.
If you’ve been following my Medium page, you know that I’ve been super bullish on Solana over the past few months, and it has just been shooting through the roof over the past few days. And so today, I’m going to be talking about Solana versus the granddaddy of a mall Ethereum.
Just as a quick disclaimer before I go into anything, I want to let you know that I’m still bullish on Ethereum and Solana. So throughout my analysis you’re going to see today, I want to say that I’m relatively unbiased.
With that said, today’s agenda looks like this; I’ll first be going over the rating system and how it’ll work. I’ll then go over the five key categories and make sure to stick to the end of the article, where I’ll be explaining who the winner is.
Before I begin, I want to let you know that I’m not explaining what Solana is. Because I extensively went into that in detail in the previous article, I made a few days ago.
Alright, with that said, let me first explain how the comparison is going to work. In the below chart, I’ve laid out five key categories for comparison that I’ll be going through. As I discuss each one, we’ll use a stoplight ranking system.
- Green will mean good and will be valued at three points
- Yellow will mean neutral and be valued at two points
- Red will mean not strength and be valued at one point
And whoever has the most points at the end is the winner. That’s it. It’s pretty simple and easy to understand. And I also want to let you know that whenever I talk about Ethereum, I’m always referring to Ethereum 2.0, and if you’re not sure about the difference between the two, I highly recommend checking out this article.
Round #1 Leadership (No Winner)
Now that you understand the structure let’s compare the two platforms starting with leadership. Both Solana and Ethereum have strong leadership for different reasons, and I would give each three points.
First, Solana was founded by Anatoly Yakovenk, who spent the bulk of his professional career at Qualcomm, Dropbox, and Mesosphere, where he spent a lot of time figuring out how to get different systems of hardware and software to talk to each other.
At Qualcomm, Anatoly also met his other Solana co-founders Greg Fitzgerald and Steven Akridge. The three of them spent nearly a decade working together. What I like about Anatoly and his team because they spent a lot of time together and worked on shipping out products to customers, constantly reiterating, seeing what they need to change adjusting, and I think that’s important. That real hands-on experience cannot be undervalued.
An example of why this is so important is comparing a project like Solana, founded in 2018 and already has hundreds of applications, versus something like Cardano. Cardano was founded in 2015 and still does not have smart contracts, which I know is coming up soon.
But in my opinion, Cardano has too much of an academic approach of trying to get everything perfect before shipping out products to customers.
On the other hand, Solana has a business mindset of getting things done asap and getting things out to customers and into the World. And I think this is going to help Solana in the long run.
Next regarding Ethereum, you probably know the primary founder is Vitalik Buterin, and he may not have corporate experience. Still, he’s a super well-respected and important figure in the crypto space. Read More…