Solana to become more central Blockchain: CEO of the Fund star-news.press/wp

Justin Punes, founder and director of information at Cyber ​​Capital, has ignited a new decentralization discussion with a comprehensive thesis that Solana’s economies and road map will push it beyond ETHEREUM on almost every decentralization scale over time. In the thread of August 30, Bons opens with the explicit claim that “Solana is to become the most decentralized blocs”, on the pretext that decentralization, in practice, is funded by the resulting fee revenues on a large scale – not by maintaining the requirements of devices artificially. He writes, “No centralization comes in the end of the drawings,” adding that without the expansion of L1 meaning “ethereum loses the game.”

Solana is destined to lead decentralization?

Bonns Heart claim It depends on an explicit economic model for security and governance. If Blockspace is useful to generate fees and fees, the network can support a broader and healthier operator collection. In telling him, Solana is already in this path, while the approach that focuses on ETHEREM focuses on external activity-and the drawings that come with-far from the basic layer. “The fees are what will eventually push the majority of security, scarcity and decentralization,” he asserts, as the aggressive L1 scaling to Solana as a path that supports these flows on the chain instead of exporting them.

From there, Bons turns into the results panel that is believed to be important. He wanders in Nakamoto’s transactions for the two networks, claiming “ETH NAKAMOTO laboratory is 2! – It is a comparison designed to photograph it, where, from his point of view, the ETHEREUM market may be drifted. He attributes the gap to “Ethereum decision not to implement the original delegation”, which he says allowed to provide one liquid to “control interest instead.”

In terms of governance, it draws a stark possible contrast: “Eth has a central judgment! He has the governance of decentralization!” The speech intentionally provokes, but it is in line with its broader thesis that decentralization is not just a competition for devices or an interest; It is an emerging characteristic of the security funded from the fees, and the interest and strength of the stakeholders dispersed.

The Hajj Bonz axis group is what he calls “security budget”. He formulated it as a function in the market value, the revenues of the fees and inflation, and amended it by the participation and threshold of the attack. Through its mathematics, the ETHEREUM security budget is approximately 50.5 billion dollars while Solana’s is about $ 25.3 billion, leading to the conclusion of its title that “PRICE SOL only needs to double the ETH security budget. The point is lower than the exact number of direction: He believes that Solana’s high participation and the detained L1 fees make it more efficient in the safety engine for each dollar than the maximum market-and then his claim that Solana can outperform the safety of Ethereum even in a smaller evaluation.

This economic engine, from Bones’s point of view, is inseparable from the scaling strategy in Solana. It argues that the “ideal Blockchain design” should balance the knot requirements with interest, because on a large scale it produces fees that, in turn, financing the wider auditor’s participation and resisting the strongest censorship. He says the designs that put the requirements of the highly low node of the reading: “ETH” is an excessive, simplified understanding of decentralization, as they believe the requirements of the low node = decentralization. In contrast, it develops the Solana path as the “Middle Road”-which accepts the requirements of the higher node to capture fees that depend on the utility that enhances security and decentralization.

Solana Ethereum

Bons also devotes great attention to what he sees as structural defects for Ethereum. Since Ethereum “does not expand the L1 domain at all”, it also claims that the network allows Layer-2S “taking the majority of fees”, which weakens the basic layer safety budget and heated the decentralized space in the long run. It indicates that the choice of this design also constitutes the ruling: by rejecting the governance of the stakeholders in the series in L1, Ethereum focuses on making effective decisions socially, while Solana-has “established” a social contract to judge the chain that can develop alongside the auditor’s economies. “Is Seoul perfect? ​​Certainly no,” admits, “however, it’s still much better than ETH in the long run in every way, including decentralization and interest!”

To emphasize the priority of the size in this framework, BONS re -refraining from its research for years: “Blockchain does not expand is failure.” The line captures both the investment lens and the causal ring at the heart of its argument: productivity → Use → Fees → Approval P & L shame → censorship resistance. If this episode is complex on L1, then decentralization in Solana will outperform Ethereum.

BONS comparison extends beyond the abstract models. He confirms that the census of the ETHEREUM auditor is often misunderstood, because some defenders confuse 32 keys to verify the auditor with the number of “physical machines participating in the production of the mass.” It prefers comparing feet at the operator and infrastructure of the “real” resistance; Under this lens, “ETH has 8.8 thousand authentication” and “Sol has 1.1,000 validations,” noting that the ETHEREUM feature of this scale coexists with the market capitalization of approximately five times. Its ready -made meals is that the raw auditor, which was stripped of the assembly of the operator and the economy, can be a misleading agent of decentralization.

The thread is crowned in an aspirational claim: with the maturity of the security and the ruling that the fees fired in Solana, “Sol will eventually outperform the eth in all measures of decentralization.” This is presented as a result of a different road maps instead of a cultural war. By scaling L1 and capturing fees, Solana “Heart” can create its security budget away from inflation and revenue, while the heavy ETHEREM L2 design leaves the basic layer relatively unintegrated with fees. He put it, “when the security budget is finally fluctuated, it will not leave all the non -developed chains to find out.”

At the time of the press, Sol was traded in $ 199.

Distinctive image created with Dall.e, Chart from TradingView.com

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