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HomeNewsEx-Goldman Sachs Exec Raoul Pal Highlights Two Altcoin Ecosystems in 'Layer-One Race

Ex-Goldman Sachs Exec Raoul Pal Highlights Two Altcoin Ecosystems in ‘Layer-One Race

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  • The Move and Cosmos ecosystems are major participants in the upcoming wave of crypto market leaders, according to Raoul Pal.
  • Celestia distinguishes itself as a crucial layer-two solution by cutting blockchain data verification expenses.

With new players appearing as possible leaders in the upcoming market cycle, the cryptocurrency landscape is continuously changing. In a recent interview on Bankless, former Goldman Sachs executive Raoul Pal revealed the two primary ecosystems that would lead this transformation.

Looking for the Next Solana

In the course of the discussion, Raoul Pal conveyed his intense curiosity about finding the next cryptocurrency that will emulate Solana’s phenomenal rise to popularity in recent years.

His concentration has now been reduced to two unique ecosystems that have the potential to emerge as the next significant layer-one solutions in the cryptocurrency market.

Pal’s study identifies two ecosystems that are based on different technology frameworks:

  • The Move Programming Language: This ecosystem’s altcoins, including Aptos (APT) and Sui (SUI), use the Move programming language to provide a flexible and secure environment for developing decentralized apps
  • Cosmic Network: This ecosystem supports a variety of new coins, such as Celestia (TIA), which is gaining popularity because of its novel approach to data verification and storage costs. It features the Cosmos (ATOM) SDK.

A Turning Point for Layer-Two Networks: Celestia

According to ETHNews, Celestia’s vailability solution is now available for Polygon Layer 2, a novel method that significantly lowers the cost of blockchain transaction data verification.

Celestia distinguishes itself as an affordable choice for layer-two networks, ready to improve overall scalability and efficiency by providing an affordable substitute for Ethereum’s data storage options.

Pal acknowledges that influential figures in the field, including Chris Burniske and Meltem Demirors, shaped his opinions. His faith in the potential of these developing ecosystems is strengthened by their insights and programs, such as the Sui Foundation.

A Changing Contest

Pal compares the competition between layer-one protocols to a “may the best man win” situation, noting that Move and Cosmos are two ecosystems that each bring special benefits and use cases to the table. Cosmos is lauded for its resilience and scalability, whereas Move provides variety in terms of application development.

Pal claims that despite its prior success, Avalanche appears to remain behind in terms of widespread acceptance. Its inferior positioning makes it difficult for it to keep up its advantage against more quickly changing platforms.

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Syofri
Syofri
Syofri is an active forex and crypto trader who has been diligently writing the latest news related to the digital asset sector for the past six years. He enjoys maintaining a balance between investing, playing music, and observing how the world evolves. Business Email: info@ethnews.com Phone: +49 160 92211628
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