- The head of the Solana project shared his opinion on integration
- He stated that this is possible, albeit difficult to implement from a technical point of view.
- It also entails certain risks associated with the value of SOLs placed in Ethereum.
Yesterday, July 2, Anatoly Yakovenko, CEO and co-founder of the Solana project commented the idea of using Ethereum as an L2 shell for the blockchain. According to him, it is possible and even likely, but such integration still has certain risks.
Recall that 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, the use of ether as a second layer has slightly different advantages.
SOL holders will receive “guarantees of finality” even in the event of a double-spend (DS) transaction or an invalid state transition. It is technically difficult to implement such integration, but it is quite possible, Yakovenko believes.
For this you need:
- Transfer all transactions from the Ethereum chain to Solana;
- Transfer the SPV root, which will act as a kind of confirmation of the consensus among the validators about the state of the blockchain;
- Integrate a bridge timeout mechanism.
But besides the advantages, there are also disadvantages, namely:
- Borrowing SOL and maintaining positions against the asset. This is a scenario where the tokens will be separated from the main fork as a result of consensus, making them “worthless”;
- Various adverse effects on decentralized protocols. Yakovenko claims that limit order books (CLOB) will still be available, but the automated market maker (AMM) will not.
Interestingly, Yakovenko published his post shortly after Vitalik Buterin expressed sympathy for Solana. One of the founders of the Ethereum project commented on the actions of the SEC, noting that cryptocurrency projects did not deserve this.