Tuesday, January 13, 2026
No Result
View All Result
The Crypto HODL
  • Home
  • Bitcoin
  • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Updates
    • Crypto Mining
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Web3
  • Metaverse
  • Regulations
  • Scam Alert
  • Analysis
  • Videos
Marketcap
  • Home
  • Bitcoin
  • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Updates
    • Crypto Mining
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Web3
  • Metaverse
  • Regulations
  • Scam Alert
  • Analysis
  • Videos
No Result
View All Result
The Crypto HODL
No Result
View All Result

Ethereum News: Solana Co-Founder Accuses ETH Of ‘Bourgeois Digital Tyranny’

October 3, 2023
in Ethereum
Reading Time: 3 mins read
0 0
A A
0
Home Ethereum
Share on FacebookShare on Twitter


Within the newest episode of the continued rivalry between blockchain protocols, Solana (SOL), typically hailed because the Ethereum (ETH) killer, has as soon as once more launched a scathing critique in opposition to its competitor. 

Anatoly Yakovenko, the co-founder of Solana, took to the social community X (previously often known as Twitter) to voice his complaints and criticisms about Ethereum. 

Solana Fires Pictures At Ethereum

In a publish made on Sunday, Yakovenko expressed his discontent, stating that Ethereum just isn’t a harbinger of real revolution however slightly a “spectacle of bourgeois upheaval.”

In accordance with Yakovenko, whereas Ethereum might captivate the “petite bourgeoisie” with its “digital carnival,” it subtly perpetuates types of “oppression.” 

The Solana co-founder argues that the essence of oppression stays unchanged, with the toiling plenty nonetheless topic to the relentless boot of energy, albeit in a unique fashion. Yakovenko acknowledged: 

Within the grand theatre of financial transformation, Ethereum presents itself not as a harbinger of real revolution, however merely as a novel spectacle of bourgeois upheaval. Because the petite bourgeoisie revel on this digital carnival, the visage of oppression subtly transforms, but its essence stays inviolate, without end urgent upon the countenance of the toiling plenty with a boot, albeit of a unique fashion, but no much less ruthless and unrelenting.

Moreover, Yakovenko paints an image of a sacred quest for a stateless digital dominion, the place communication and transactions stream freely among the many proletariat, liberated from the management of capitalist intermediaries and state surveillance. 

ETH’s 9% surge over the previous 7 days on the every day chart. Supply: ETHUSDT on TradingView.com

On this imaginative and prescient, the price of state creation needs to be inconsequential, akin to the air we breathe. Solely then, Yakovenko argues, can a very decentralized and stateless digital realm emerge, dispelling the shadows of “bourgeois digital tyranny” that he believes Ethereum represents.

Blockchain Rivals Conflict

It’s value noting that this isn’t the primary time Yakovenko has criticized Ethereum. In late July 2023, Yakovenko accused Ethereum neighborhood members of spreading false rumors about Solana Labs. 

Amongst these rumors was the declare that Solana Labs had reached its most transactions per second (tps) capability. Yakovenko dismissed this notion as comical and reaffirmed that Solana Labs has tons of of thousands and thousands of tps and “ample” computing assets. Yakovenko mentioned claimed: 

It’s disappointing that members out and in of the Ethereum neighborhood unfold many false rumors about Solana Labs. One in every of them is that Solana Labs has run out of tps. That is comical however one which has required me to deal with it for some workforce members who now know that we now have tons of of thousands and thousands of tps and lots extra of compute models. I really like competitors, and I really like collaboration much more. Let’s stick with details and see how issues play out in a couple of years 

The continued criticism from Solana’s co-founder highlights the extraordinary competitors and divergent philosophies amongst blockchain protocols. Whereas Ethereum has established itself as a number one good contract platform, Solana goals to offer a scalable, high-performance various. 

The conflict of concepts and visions between these protocols underscores the broader debate surrounding the way forward for blockchain expertise and its potential to reshape financial and social constructions.

Ethereum
SOL’s staggering 22% uptrend on the seven-day timeframe. Supply: SOLUSDT on TradingView.com

Featured picture from Shutterstock, charts from TradingView.com 



Source link

Tags: AccusesBourgeoisCoFounderdigitalETHEthereumNewsSolanaTyranny
Previous Post

Crypto Crisis Imminent, Warns Bloomberg’s Mike McGlone, Despite Bitcoin’s Surge To $28,000

Next Post

Breaking Down the Latest Crypto News: What You Need to Know #news #bitcoin #cryptocurrencyshorts

Related Posts

Ethereum price collapse could jeopardize $800 billion in assets
Ethereum

Ethereum price collapse could jeopardize $800 billion in assets

January 12, 2026
Ethereum Network Thrives: Economic Activity Rises While Price Momentum Lags Behind
Ethereum

Ethereum Network Thrives: Economic Activity Rises While Price Momentum Lags Behind

January 12, 2026
Ethereum Needs Better Decentralized Stablecoins, Buterin Says
Ethereum

Ethereum Needs Better Decentralized Stablecoins, Buterin Says

January 13, 2026
What It Will Take for Tokenized Collateral to Scale – Enterprise Ethereum Alliance
Ethereum

What It Will Take for Tokenized Collateral to Scale – Enterprise Ethereum Alliance

January 12, 2026
Stablecoins in Business Payments – Enterprise Ethereum Alliance
Ethereum

Stablecoins in Business Payments – Enterprise Ethereum Alliance

January 12, 2026
Key Insights from our Sibos Panel – Enterprise Ethereum Alliance
Ethereum

Key Insights from our Sibos Panel – Enterprise Ethereum Alliance

January 12, 2026
Next Post
Breaking Down the Latest Crypto News: What You Need to Know #news #bitcoin #cryptocurrencyshorts

Breaking Down the Latest Crypto News: What You Need to Know #news #bitcoin #cryptocurrencyshorts

A Highlight of Hispanic-Founded Fintechs

A Highlight of Hispanic-Founded Fintechs

Is Bitcoin’s Bottom In Sight? Expert Analysis Says Yes

Is Bitcoin's Bottom In Sight? Expert Analysis Says Yes

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Twitter Instagram LinkedIn Telegram RSS
The Crypto HODL

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at The Crypto HODL

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Mining
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Videos
  • Web3

SITE MAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2023 The Crypto HODL.
The Crypto HODL is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Bitcoin
  • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Updates
    • Crypto Mining
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Web3
  • Metaverse
  • Regulations
  • Scam Alert
  • Analysis
  • Videos
Crypto Marketcap

Copyright © 2023 The Crypto HODL.
The Crypto HODL is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In