On 10 October 2023, Joel Monegro, Managing Companion at Placeholder, a enterprise capital agency specializing in blockchain and crypto, supplied an in depth evaluation of Ethereum and Solana by means of the lens of Android and iOS cellular working methods.
Based on Monegro, Ethereum shares similarities with Android, the world’s most generally used cellular working system. He factors out that Android’s open and modular nature permits it to run on a variety of units from numerous producers. In the identical vein, Ethereum is turning into extra of a platform for third-party networks, significantly layer-2 (L2) options. Monegro notes that these L2 networks, which use Ethereum for safety or its Digital Machine (EVM) as an working system, presently deal with about 5-6 occasions extra transactions than Ethereum’s mainnet. He means that this transaction quantity may probably scale as much as 100 occasions or extra.
Monegro additionally discusses the challenges that include Ethereum’s numerous ecosystem. He attracts a parallel with Android, the place builders have to think about a number of gadget specs and variations of the working system. In Ethereum’s case, good contracts might not operate seamlessly throughout all EVM-compatible networks, requiring builders to take a position further time in changes and testing. Monegro additionally mentions that the consumer expertise can develop into fragmented as a result of the lack of uniformity throughout networks and wallets.
On the different aspect, Monegro compares Solana to iOS, which is understood for its built-in and constant consumer expertise. Based on him, Solana’s unified community is quicker and cheaper than Ethereum and many different EVM networks. This enables builders to pay attention on enhancing their functions with out the considerations of transaction velocity or gasoline prices. Monegro believes this additionally solves lots of the consumer expertise points which might be prevalent in the Ethereum ecosystem.
In Monegro’s opinion, the query of which platform is “higher” just isn’t the level. He emphasizes that each Ethereum and Solana provide completely different trade-offs, and the key’s that they supply choices for builders and customers to make their very own selections based mostly on their particular wants.
Monegro additionally touches upon the significance of understanding the monetary and technological cycles when investing in crypto. He cautions in opposition to the emotional attachment to a single community and stresses the significance of acknowledging that the crypto panorama is frequently evolving.
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