Ethereum Founder Feels Sorry For Solana; Here’s Why

Ethereum Founder Feels Sorry For Solana; Here’s Why

Ethereum News: Vitalik Buterin, Ethereum co-founder announced that he will open up about crypto and non-crypto queries. This comes in when the biggest of the cryptos like Cardano (ADA), Polygon (MATIC), and Solana (SOL) got categorized as “Security” by the U.S. Securities and Exchange Commission (SEC) in the latest lawsuits.

Also Read: XRP Whales Scoops 360 Million XRP; Ripple Lawsuit Verdict Near?

Ethereum To Emerge As Winner?

A user asked Buterin, how he feels about the US policy approach to crypto amid recent enforcements. Ethereum founder stated that he feels bad that major projects like Solana are getting hit in this way. He asserted that these blockchains don’t deserve this.

He mentioned that if Ethereum ends up winning when all other blockchains are getting kicked off from crypto exchanges, would not present an honorable way to win. However, he suggests that this isn’t even a victory in the long term.

As per Ethereum founder, its real competition is not with other chains in the crypto industry as it is rapidly expanding in the centralized world. Meanwhile, Buterin wished that all the blockchain projects gets a fair outcome amid the increasing uncertainty.

Ashish believes in Decentralisation and has a keen interest in evolving Blockchain technology, Cryptocurrency ecosystem, and NFTs. He aims to create awareness around the growing Crypto industry through his writings and analysis. When he is not writing, he is playing video games, watching some thriller movie, or is out for some outdoor sports. Reach me at ashish@coingape.com

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

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