- Head of Solana Project shared his views on the integration
- He said it is possible, albeit technically difficult to implement
- It also entails certain risks related to the value of SOLs hosted in Ethereum
On July 2, Solana Project CEO and co-founder Anatoly Yakovenko commented on the idea of Ethereum as an L2 shell for blockchain. According to him, it is possible and even probable, but there are certain risks of such integration. Recall, L2-solutions are designed to eliminate the problems of scalability and high commissions at times of peak load on the network. But in the case of Solana, using ether as a second tier brings somewhat different benefits.. Implementing such integration is technically difficult, but quite possible, Yakovenko believes.</nbsp;
This requires:
- Transfer all transactions from the Ethereum chain to Solana;
- Transfer the SPV root, which will act as a kind of consensus confirmation among validators about the blockchain state;
- Integrate the bridge time-out mechanism.</nbsp;
But in addition to the advantages, there are also disadvantages, namely:
- Borrowing SOL and supporting positions against the asset. This is a scenario in which tokens would be separated from the main fork by consensus, rendering them “useless”;
- Different adverse effects on decentralized protocols. Yakovenko says that limit order books (CLOB) will still be available, but automated market maker (AMM) will not.”
It is interesting that Yakovenko published his post shortly after Vitalik Buterin expressed sympathy for Solana. An Ethereum project co-founder commented on the SEC’s actions, saying that cryptocurrency projects don’t deserve it.
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