Solana’s Anatoly Yakovenko Wants To Build Ethereum-Like Execution Layer

Solana co-founder Anatoly Yakovenko has rained accolade on a crucial infrastructure pioneered by Ethereum, despite the visible rivalry between both protocols. Taking to his official X account, the Solana founder said he likes the Ethereum Design and vision.

Can Solana Learn From Ethereum?

The design of most blockchain protocol is often to correct some flaws of existing rivals. The same holds for the underlying chains behing ETH and SOL. Many in the crypto ecosystem consider Solana a major Ethereum-killer considering its speed and lower cost.

In order to regain its dominance, Ethereum has evolved with a number of Layer-2 protocols, powered by a functional execution layer. As Yakovenko noted, if asked to build an alternative to Bitcoin, he said “ethereum settlement layer focused design is what I would steer the engineering towards.”

This comes off as a very high praise for the SOL innovator, emphasizing how Ethereum can accommodate many execution environments. Ethereum pioneered the smart contract revolution and has continued to innovate since then. Soon, the ETH Pectra upgrade will launch, further empowering the mainnet and associated Layer-2 solutions.

I like @BanklessHQ and ethereum. I even like the ethereum design and vision. If you told me to go build an alternative to bitcoin, ethereum settlement layer focused design is what I would steer the engineering towards.

If that’s the vision, ethereum can just embrace all the…

— toly (@aeyakovenko) October 24, 2024

To the Solana co-founder, establishing a main protocol that can accommodate enough blob can help in achieving the ultimate goal of serving users. He believe there should be no engineering blockers, or technical discouragement to design what he is envisioning.

Riding on this, he said he would encourage changes that can make the protocol pursue the innovation he just described.

Building a Thriving Ecosystem Beyond Memecoins

When people talk about Solana nowadays, what comes to mind is mostly memecoins. Though Ethereum also have these memecoins, Yakovenko revealed the difference between both recently. Amid this, the former protocol has recorded many milestones with the aid of its memecoin explosion but Yakovenko said he wants more.

In his X post, he said as a personal project, he wants to “steer solana towards synchronizing information around the world to as many subscribers as possible as fast as physics allow.”

While network congestion and outages are temporary setbacks, Yakovenko said these do not matter to him as he plans to achieve these goals one way or another.

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