Solana can’t be ‘global backbone’ of blockchain, Ethereum community member says
Solana cannot serve as the backbone of the so-called “new” global financial system, according to Ethereum community member Ryan Berckmans.
Solana (SOL) shifted from its initial “monolithic” approach to acknowledging the importance of Layer 2 solutions. But Berckmans points out on X that Solana initially marketed itself as capable of handling global transactions on a single chain. This was before rebranding their L2 solutions as “Network Extensions” rather than acknowledging them as L2s.
Solana’s gradual acknowledgment of Ethereum’s (ETH) L2 backbone strategy came after seeing flagship applications building custom L2 appchains on their network.
This shift in perspective became more pronounced when a…
