5 ms·

I would like to point out that the alternative method of focusing on maximizing execution bandwidth and speed at the base layer is being done on Solana, with gr

I would like to point out that the alternative method of focusing on maximizing execution bandwidth and speed at the base layer is being done on Solana, with great success. Layer 2s if they’re needed are as easily added on top as it is for Ethereum. But Solana is so fast and cheap already right now that it hasn’t been necessary. I’m of the philosophy that since you only get to build one base layer, you should really spend the time to do it well and have it designed to be as efficient and performant as possible.

Hendrikto 2y ago
Solana is certainly fast and cheap, but to the detriment of reliability and security. Not sure that this is the correct tradeoff.
- lawrenceyan 2y ago
  Ethereum and Solana are exactly the same in reliability and security. But Solana is orders of magnitude faster and cheaper at the same time. This wasn’t easily achieved by the way. It’s a heroic feat of engineering that shouldn’t be discounted.
  - curzondax 2y ago
    what are you smoking? Solana has had various outages in its lifetime and required to repeat transactions a lot. thats NOT the same experience as on Eth and far inferior in reliability.
    - davidmurdoch 2y ago
      They're just trying to "pump their bags", as they say.
  - arandomusername 2y ago
    By increasing the requirements to run a node by multiple factors, yeah. Solana recommends 10Gbit/s network speed for running a node. Ethereum nodes can easily run on almost any home connection.
    - lawrenceyan 2y ago
      Technology grows exponentially. Ethereum validators are fixed to an arbitrary performance threshold that ensures the network will stay stagnant.
ETH_start 2y ago
Solana's validating nodes are extremely resource hungry, to the point the Solana Foundation has to subsidize people running them. Transactions also fail 60% of the time.
- alchemist1e9 2y ago
  > Transactions also fail 60% of the time. Any more details about this would be interesting for me. I’ve written off Solana after looking at it seriously several times now, yet it continues to have the appearance of thriving. Fwiw my biggest issues in the past has been a combination of large data and resource requirement and vulnerability of archive/full history nodes to Google services shutoff and centralization with censorship possibilities.
  - dlahoda 2y ago
    people tell that solana lowers validating fees up to inability to stand against normal traffic which ddos it. also two thirds of transactions are validators voting for blocks. also afaik solana finalization time is not sub second, but 10 seconds. intrestingly why misleading info about sub second still persist... also solana cannot really execute as part of single transaction all needed. so from 1/3 of useful transactions, half is just account lookup table creation. so it feels somebody tries hard to tell the story about high throughput and low latency, while both are not there.
    - lawrenceyan 2y ago
      Finalization of a transaction on Solana averages <400ms. Feel free to look at the dashboard yourself if you need proof: https://solanabeach.io/ https://solanabeach.io/
      - dlahoda 2y ago
        block production is not finalization. reorgs possible. one cannot bridge or act in reality for 32 * 400 ms https://solana.stackexchange.com/questions/7945/single-slot-finality https://solana.stackexchange.com/questions/7945/single-slot-...
spaceman_2020 2y ago
Solana is perfect for most retail use. I’ve used Solana Pay to buy things online with USDC and the experience is incredible. Can’t see any reason why most things that don’t require utmost security (shopping, games, etc.) won’t use Solana. But if I was managing big money, I wouldn’t want it on Solana. Ethereum is far more decentralized and secure. I can see a near future where Bitcoin is “digital gold”, Ethereum is the settlement layer for institutions, and Solana is the blockchain for retail users.
- lawrenceyan 2y ago
  Why not have Solana be the settlement layer? I understand the Bitcoin thesis given its network effects and OG nature sure. I don’t understand why people view Ethereum as more secure than Solana. They’re exactly the same in terms of security. And Solana is actually more decentralized than Ethereum is!

Hendrikto 2y ago

Solana is certainly fast and cheap, but to the detriment of reliability and security. Not sure that this is the correct tradeoff.

lawrenceyan 2y ago
Ethereum and Solana are exactly the same in reliability and security. But Solana is orders of magnitude faster and cheaper at the same time. This wasn’t easily achieved by the way. It’s a heroic feat of engineering that shouldn’t be discounted.
- curzondax 2y ago
  what are you smoking? Solana has had various outages in its lifetime and required to repeat transactions a lot. thats NOT the same experience as on Eth and far inferior in reliability.
  - davidmurdoch 2y ago
    They're just trying to "pump their bags", as they say.
- arandomusername 2y ago
  By increasing the requirements to run a node by multiple factors, yeah. Solana recommends 10Gbit/s network speed for running a node. Ethereum nodes can easily run on almost any home connection.
  - lawrenceyan 2y ago
    Technology grows exponentially. Ethereum validators are fixed to an arbitrary performance threshold that ensures the network will stay stagnant.

ETH_start 2y ago

Solana's validating nodes are extremely resource hungry, to the point the Solana Foundation has to subsidize people running them. Transactions also fail 60% of the time.

alchemist1e9 2y ago
> Transactions also fail 60% of the time. Any more details about this would be interesting for me. I’ve written off Solana after looking at it seriously several times now, yet it continues to have the appearance of thriving. Fwiw my biggest issues in the past has been a combination of large data and resource requirement and vulnerability of archive/full history nodes to Google services shutoff and centralization with censorship possibilities.
- dlahoda 2y ago
  people tell that solana lowers validating fees up to inability to stand against normal traffic which ddos it. also two thirds of transactions are validators voting for blocks. also afaik solana finalization time is not sub second, but 10 seconds. intrestingly why misleading info about sub second still persist... also solana cannot really execute as part of single transaction all needed. so from 1/3 of useful transactions, half is just account lookup table creation. so it feels somebody tries hard to tell the story about high throughput and low latency, while both are not there.
  - lawrenceyan 2y ago
    Finalization of a transaction on Solana averages <400ms. Feel free to look at the dashboard yourself if you need proof: https://solanabeach.io/ https://solanabeach.io/
    - dlahoda 2y ago
      block production is not finalization. reorgs possible. one cannot bridge or act in reality for 32 * 400 ms https://solana.stackexchange.com/questions/7945/single-slot-finality https://solana.stackexchange.com/questions/7945/single-slot-...

spaceman_2020 2y ago

Solana is perfect for most retail use. I’ve used Solana Pay to buy things online with USDC and the experience is incredible. Can’t see any reason why most things that don’t require utmost security (shopping, games, etc.) won’t use Solana. But if I was managing big money, I wouldn’t want it on Solana. Ethereum is far more decentralized and secure. I can see a near future where Bitcoin is “digital gold”, Ethereum is the settlement layer for institutions, and Solana is the blockchain for retail users.

lawrenceyan 2y ago
Why not have Solana be the settlement layer? I understand the Bitcoin thesis given its network effects and OG nature sure. I don’t understand why people view Ethereum as more secure than Solana. They’re exactly the same in terms of security. And Solana is actually more decentralized than Ethereum is!