ETH will ultimately defeat SOL! EigenLayer founder reveals 6 major winning reasons

Note: Who will be the ultimate winner of the battle between Ether and SOL? EigenLayer founder Sreeram Kannan debated with Lily Liu of the Solana Foundation at Crypto Research Day 2024 two weeks ago, and Sreeram Kannan believes that Ether will win.

EigenLayer founder Sreeram Kannan summarized his debate points with Lily Liu on October 16. This article was translated by xiaozou from Jinse Finance.

The reasons for the victory of Ether are as follows:

Ethereum: Nested Coordination + Asynchronous Expansion Features

SOL: Fast, but the complete replication mode restricts growth

Layer2s: considered a weakness, but actually Ethereum's supersonic missile

Culture: Ethereum value> personal income (this is important!)

Vision: Ether Square = World Computer, SOL = Fast version of Nasdaq

Pros and cons: Ethereum establishes trust, SOL iterates rapidly

Don't rush to conclusions, there is more content...

1. Core argument: Ethereum Layer2 architecture = nested coordination mechanism

Image Source: Blockbeats

Self-enforcing (fork: only when the Block is verifiable by end users can it fork) takes about a few days. Majoritarian (validators complete a block) takes a few minutes. Committee (Eigenlayer validators committee provides rapid economic finality) takes 1 second. Authoritarian (sequencer provides instant confirmation) takes 10 seconds.

As a result, the Instagram scale user experience and the self-verification scale of BTC!

2. Ether Baseline? Trust comes from predictability.

Imagine 500 people arguing over the smallest change. Sounds like a nightmare, right? But that's the advantage of Ethereum.

Ethereum has established long-term trust. You can be sure that the rules will not change overnight.

How is the situation with SOL? An organization can change the game rules at any time. The boundary between protocol and applications is blurry.

3. What are the constraints of SOL? Complete replication (same as all other cryptocurrencies).

Each Node needs to download all data. The system throughput < Single Node Bandwidth. The more Nodes, the greater the throughput.

This is a dead end with expandable functionality.

What is the answer given by Ethereum? Danksharding.

n Node * 10MB/s = n* 10MB/s throughput more Node=more throughput for 1M validators, we are talking about TB/s in theory. This is not a typo.

EigenDA is making it all come true. Right now.

Image Source: Blockbeats

Layer2: Ethereum's secret weapon

Instant confirmation (100ms) borrowing security from Ethereum is now the best place to build most applications

4. Culture > Strategy

Ethereum culture> SOL strategy. Why? Because of common values: anti-censorship, open innovation, trustworthy neutrality.

These are not just fashionable words. They are the foundation of trust.

5. Ethereum's Vision: World Computer

It's not just about faster payments. We're talking about applications with reliable commitment.

Imagine a scenario where an encryption-native Facebook promises: 'We will not change our privacy policy without the consent of the majority of users.'

How is it done? It makes calculations verifiable on the Ether network. Users can trust the promises. There is no longer the ultimatum of web2's 'either accept or leave'. This is the power of the Ether network's world computer vision.

6. Self-verification: Ethereum's North Star

Each user should verify the entire system. Sounds crazy? Maybe. But this is the key to true Decentralization. This constraint initially limited throughput.

Rollup cracked this password and changed the rules of the game: significantly increasing self-verification throughput using proof of validation by users, instead of all data.

7. The combination of asynchronous and synchronous

Ethereum: Asynchronous Composability

SOL: Synchronous Composability

Most applications in the real world require asynchronous composability. Think about MMO games.

8, Asset Inbound and Liquidity

SOL: A large pool

Ethereum: Distributed on Layer2

SOL seems simpler. But there is one issue: single point of failure.

Ethereum may appear more decentralized.

But the fact is not so. It is flexible.

Ether Square= A programmable currency that spans all Layer2.

Long-term flexibility > Short-term convenience.

9、生態系發展：Ethereum的優勢

Why do we develop EigenLayer on the Ether network? It's simple. For predictability.

Do you know the rules of Ether? They won't change overnight. What about the Ether chain itself? It won't steal your lunch either.

Of course, Solana has the advantage of speed, but there is one problem: an organization can swallow any brilliant idea.

Where is the boundary between protocol and applications? Like you, I am also confused.

Ethereum is an open playground. Innovate based on Layer2. You can easily fall asleep.

Your thoughts will always be your thoughts.

So what's the result? Ethereum has attracted serious builders. Far-sighted people gather together to fight a long-term battle.

10, Ether Square vs SOL result

SOL=Sprinter

Ether Square = Marathon Runner

In the Crypto Assets industry, we are fighting a long-term battle.

The future is not a choice between 'speed or safety', but a combination of 'speed and safety'.

Ethereum+ EigenLayer has achieved this.

We are not just building on Ethereum, we are driving its development rapidly.

Disclaimer: The market is risky, and investment should be cautious. This article does not constitute investment advice, and users should consider whether any opinions, views, or conclusions in this article are applicable to their specific circumstances. Invest at your own risk.

This article is authorized for reprint from: "Rhythm Blockbeats"

Original author: Sreeram Kannan, Founder of EigenLayer