Can Ethereum Compete With Celestia on Price or Information Availability?

• Solana founder and Celestia COO focus on Ethereum’s potential competitors in price and information availability.
• Anatoly Yakovenko argued Ethereum is steering a $300 billion ship, stressing technical danger.
• Nick White claims a modular-to-monolithic shift can be extra formidable than Ethereum’s transition to proof of stake.

In a latest episode of the Unchained podcast, notable figures within the blockchain area mentioned the contrasting approaches of modular and monolithic blockchains. Chris Burniske, a associate at VC agency Placeholder, requested Solana founder Anatoly Yakovenko about Ethereum’s potential competitors with Celestia, the primary modular blockchain community designed to scale with person progress. 

Burniske inquired, “Do you see a world the place Ethereum can get to a spot the place it competes with Celestia on price or information availability, or is that one thing it simply wasn’t designed for?”

Yakovenko acknowledged the complexity of Ethereum’s journey, describing it as steering a $300 billion ship. He identified the inherent dangers concerned in initiating a technical modification on the blockchain because it impacts all initiatives already constructed on Ethereum. In his phrases:

“[Ethereum team] is steering like a $300 billion ship. If I had been a kind of engineers, I’d in all probability be transferring even slower [to emphasize] the quantity of danger they’re taking with each change.”

Nonetheless, the Solana founder consented to the chance of Ethereum attaining the projected degree of competitors. Moreover, he expressed optimism in regards to the scalability potential of Ethereum dank sharding. In the meantime, he argued the crypto neighborhood underappreciated the advantages of the Ethereum Merge and the substantial progress made in recent times. 

Nick White, COO of Celestia, echoed Yakovenko’s sentiments. He recommended the Ethereum neighborhood for its commendable capability to iterate and innovate regardless of its large scale with quite a few dependencies. 

White asserted that the modular-to-monolithic shift was a extra bold endeavor than Ethereum’s profitable transition from proof of labor to proof of stake. He praised the standard of analysis and engineering within the Ethereum ecosystem however cautioned that rolling out such basic adjustments would require time and meticulous planning. Nonetheless, he acknowledged Ethereum’s functionality to ultimately obtain its targets, albeit at a extra deliberate tempo.