Ethereum

Solana

Bitcoin

In a recent post on platform X, Solana co-founder Raj Gokal expressed his support for the meme coin frenzy while also taking a swipe at Ethereum co-founder Vitalik Buterin. 
Gokal <a href="https://twitter.com/rajgokal/status/1784120679174156572">dissed</a> common misconceptions about meme coins and emphasized the importance of embracing the various applications of permissionless systems, despite concerns from traditionalists.&nbsp; 
<h2 id="span-style-font-weight-400-solana-co-founder-supports-meme-coins-span">Solana Co-Founder Supports Meme Coins</h2> 
The Solana co-founder acknowledged that memes might be scaring away serious builders, but quickly made his point clear by reminding Buterin, in particular, of the significance of these trends. 
“May I remind you about the ‘serious builder’ who set all of this work in motion?” said Gokal. 
While supporting the fervor surrounding meme coins, the Solana co-founder hinted that those who ignore these trends may struggle to succeed in the rapidly evolving field of cryptocurrency innovation. He stated,&nbsp; 
“You will just not make it here if you’re fragile enough to get spooked by how young people choose to use permissionless systems to have fun.” 
<h3 id="span-style-font-weight-400-ethereum-vs-solana-span">Ethereum vs. Solana</h3> 
The post also underscores the ongoing competition for supremacy in the <a href="https://thecoinrise.com/wp-admin/post.php?post=13118&amp;action=edit">decentralized finance (DeFi) field between Ethereum and Solana</a>, two prominent blockchain networks. Buterin has yet to respond to Gokal’s remarks, leaving room for further discussion on the subject. 
Gokal’s comments come at a time when Ethereum has been transitioning from a Proof-of-Work (PoW) to a Proof-of-Stake (PoS) consensus mechanism. This transition has been the subject of much debate and internal strife within the Ethereum community. Gokal’s post was a direct response to an X post made by American businesswoman Amanda Cassatt. 
<h2 id="span-style-font-weight-400-bitcoin-ethereum-and-altcoins-span">Bitcoin, Ethereum, and Altcoins</h2> 
Bitcoin, with an all-time high (ATH) of over $73,000, remains the most valuable cryptocurrency by market capitalization. Bitcoin uses the PoW consensus mechanism and has demonstrated notable performance over time.&nbsp; 
While Ethereum’s shift to PoS has faced resistance from some within the community, core developers maintain that this new mechanism will significantly enhance the blockchain’s performance. 
<h3 id="span-style-font-weight-400-support-for-sol-span">Support for SOL</h3> 
Recently, Fantom creator Andre Cronje has<a href="https://thecoinrise.com/fantom-creator-andre-cronje-voices-support-for-solana/"> emerged as a supporter of the Solana network</a>, reinforcing his stance on the ecosystem’s challenges amid rapid growth. 
Further, the<a href="https://thecoinrise.com/stablecoin-transfer-volume-on-solana-skyrockets-to-300b/"> stablecoin transfer volume on the Layer-1 blockchain</a> in January exceeded $300 billion, surpassing that of December. Meanwhile, a surge in decentralized finance (DeFi) activity was also recorded. 
The post <a href="https://thecoinrise.com/solana-co-founder-backs-meme-coins-takes-a-swipe-at-buterin/">Solana Co-Founder Backs Meme Coins, Takes a Swipe at Buterin</a> appeared first on <a href="https://thecoinrise.com">Latest News and Insights on Blockchain, Cryptocurrency, and Investing</a>.

Solana Co-Founder Backs Meme Coins, Takes a Swipe at Buterin

Table of Contents

TheCoinrise Media

Other articles published on Apr 28, 2024

Lucky Whale Turns $49,000 Into $2 Million In Just 5 Hours With This Altcoin

Bitcoin Mining Profitability Nears All-Time Low Amid Rising Challenges

Top Crypto Gainers Today Apr 28 – ZetaChain, Optimism, Illuvium, Arweave

Exploring Bitcoin’s Potential for a Significant Price Surge

Bitcoin Surges Above $64,000 as Altcoins Seek Recovery

Cryptos Set for a Bullish Turn According to Key Technical Indicators

Join our free newsletter for daily crypto updates!