“Ethereum Is Awesome,” Says Solana Co-Founder Amid Planned MakerDAO Migration

MakerDAO Contemplates Move to Solana, Ignites Crypto Community Debate

The MakerDAO community is abuzz with speculation as co-founder Rune Christensen dropped a bombshell on Twitter, suggesting that Solana might serve as the foundation for MakerDAO’s upcoming blockchain migration.

Dubbed “Endgame,” MakerDAO’s multi-year protocol overhaul is entering its final phase, signaling a significant development in the enduring rivalry between blockchain platforms.

In a late-night tweet, Christensen revealed, “The last phase of Endgame is the launch of a native blockchain for Maker with the codename NewChain.” However, it was his subsequent statement that raised eyebrows: “After some research, I believe the Solana codebase should be considered as the basis for NewChain.”

Christensen outlined three key reasons for this preference: Solana’s technical quality, its resilience following the FTX incident, and the success of Solana’s codebase in other projects through forks.

This announcement sparked an immediate reaction on Crypto Twitter, with many users expressing their concerns. One user pointed out, “Your user base primarily has more allegiance to Ethereum,” suggesting that Christensen should consider this loyalty carefully.

The Ethereum and Solana communities have historically been at odds, with Solana’s co-founder Anatoly ‘Toly’ Yakovenko once criticizing Ethereum for being too slow for peer-to-peer payments. However, the landscape has evolved in 2023.

Yakovenko took to Twitter to downplay any potential conflict, stating that MakerDAO considering Solana’s technology is a win for open source. He emphasized that Solana’s tech stack drew inspiration from Ethereum’s research and development and mentioned Ethereum’s upcoming upgrade, proto-danksharding, as a positive development.

Some observers noted the significance of even mentioning Solana in the same breath as MakerDAO. One commenter expressed excitement about the future steps of this unexpected collaboration.

Matias Barrios, a security researcher and Solana programs auditor, voiced his surprise at the amicable response from the Solana community. He emphasized the importance of Christensen’s support as validation for Solana and advocated against tribalism in the blockchain space.

In response to the potential rekindling of rivalry, Christensen echoed Yakovenko’s sentiments, emphasizing that all blockchain chains are interconnected and form a global multi-chain network economy. He urged against tribalism and encouraged collaboration and innovation in the evolving crypto landscape.

The debate surrounding MakerDAO’s blockchain migration choice and the unexpected support from Solana demonstrates the ever-evolving dynamics within the cryptocurrency and blockchain industry, where alliances and rivalries continue to shape the future of decentralized finance.

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Maria Irene
Maria Irenehttp://ledgerlife.io/
Maria Irene is a multi-faceted journalist with a focus on various domains including Cryptocurrency, NFTs, Real Estate, Energy, and Macroeconomics. With over a year of experience, she has produced an array of video content, news stories, and in-depth analyses. Her journalistic endeavours also involve a detailed exploration of the Australia-India partnership, pinpointing avenues for mutual collaboration. In addition to her work in journalism, Maria crafts easily digestible financial content for a specialised platform, demystifying complex economic theories for the layperson. She holds a strong belief that journalism should go beyond mere reporting; it should instigate meaningful discussions and effect change by spotlighting vital global issues. Committed to enriching public discourse, Maria aims to keep her audience not just well-informed, but also actively engaged across various platforms, encouraging them to partake in crucial global conversations.

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