- MakerDAO co-founder Rune Christensen hints at transitioning to Solana for MakerDAO’s upcoming blockchain, NewChain.
- Solana’s technical prowess and resilience are cited as primary reasons for the proposed switch, sparking heated debates.
In an epoch-defining announcement that could dramatically alter the trajectory of the crypto landscape, MakerDAO co-founder Rune Christensen has indicated a preference for using Solana’s codebase for MakerDAO’s new native blockchain, NewChain. This comes as part of the final stage of MakerDAO’s multi-year overhaul, known as the “Endgame.”
The Crux of the Controversy: Solana Over Ethereum?
To unpack the intricacies of this choice, let’s consider Christensen’s rationale. First, he extols the “technical quality” of Solana‘s codebase, stating it is
“highly optimized for operating a singular, highly efficient blockchain.”
This ties in perfectly with MakerDAO’s objectives to alleviate its own technical debt.
Secondly, Christensen highlights Solana’s resilience, noting its ability to navigate challenges such as the FTX blowup without falling apart. Such robustness not only assures longevity but also promises a “high-quality pool of talent” that MakerDAO could tap into for future endeavors.
Lastly, the feasibility of forking Solana‘s codebase to create “appchains” or application-specific chains is presented as an attainable and practical route for developing NewChain.
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Through deductive reasoning, it’s clear that Christensen’s recommendation isn’t an impulsive whim but a carefully considered proposition. MakerDAO’s potential shift to Solana has practical merits, specifically in terms of technical optimization and ecosystem resilience.
While MakerDAO’s dalliance with Solana has sparked debates and dissent, particularly among Ethereum purists, Solana co-founder Anatoly Yakovenko attempted to quell the storm. He tweeted that MakerDAO’s consideration of Solana tech is a “win for open source.” He further extended an olive branch by stating that “Ethereum is awesome,” acknowledging that Solana’s tech stack drew inspiration from Ethereum’s R&D.
Interestingly, the rivalry between Ethereum and Solana communities has been flaring for years. The proposal by Christensen is therefore viewed as a poignant moment that could potentially realign alliances and reshape perspectives in the blockchain arena.
Amidst the heated discussions, one thing remains evident: NewChain, part of MakerDAO’s ‘Endgame’ phase, is designed to be the backend for Maker’s SubDAO tokenomics and governance security. Notably, its governance token Maker (MKR) and stablecoin Dai (DAI) will continue to function on the Ethereum network.
This proposed transition raises compelling questions about blockchain interoperability and co-existence, adding nuanced layers to the ongoing Ethereum vs. Solana debate without necessarily declaring a victor.
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