‘Ethereum cannot be killed’ says Solana chief

Raj Gokal expressed his support for Ethereum and says his project has no desire to rival the second biggest cryptocurrency in the world

The fight between Ethereum and so-called ‘ETH Killers’ is unnecessary, according to Solana co-founder Raj Gokal.

Solana’s lower fees and faster transactions are part of the reason the altcoin has risen to become the fifth-biggest cryptocurrency in the world, according to CoinMarketCap.

Having just reached the top 10 of the biggest cryptocurrencies in August, it’s been a significant few months for the cryptocurrency.

Dubbed an ‘Ethereum killer’, the altcoin is up 11,742% over the past year.

However, Raj Gokal, co-founder of Solana, takes issue of the narrative that Solana wants to kill Ethereum and instead believes the goal of onboarding the world onto Web 3.0 should take precedent for those in the cryptocurrency industry.

Ethereum cannot be killed, it’s impossible,” he said.

And it’s already a beautiful force of good in the world, empowering millions and creating billions in wealth. Bitcoin is quite obviously the same.”

Gokal’s response was aimed at investment executive Chris Burniske, who said on Twitter that unethical tactics could be a strategy for competition between Ethereum and other altcoins.

Gokal responded to Burniske’s claims and expressed his disappointment about the need to pit altcoins against each other.

“I know you may not even be talking about Solana, and if so I apologise,” he began.

“But I’m just sad and disappointed that every time non-Ethereum chains like Solana see success or take big swings at growing, it’s seen as taking swings against incumbents. We are trying to grow the movement.”

 

 

 

Disclaimer: The views and opinions expressed by the author should not be considered as financial advice. We do not give advice on financial products.

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