Original title: ETH vs SOL

Original source: Sreeram Kannan, founder of EigenLayer

Compiled by: xiaozou, Golden Finance

Note: In the ETH and SOL showdown, who will be the final winner? EigenLayer founder Sreeram Kannan debated with Solana Foundation's Lily Liu two weeks ago at Crypto Research Day 2024, with Sreeram Kannan believing ETH will win.

EigenLayer founder Sreeram Kannan summarized his debate points with Lily Liu on October 16. This article is compiled by Golden Finance's xiaozou.

The reasons why ETH will win are as follows:

· ETH: Nested coordination + asynchronous expansion

· SOL: Fast, but the complete replication model limits growth.

· L2s: Seen as a weakness, but in fact, it’s ETH’s supersonic missile.

· Culture: ETH values > personal profit (this is important!)

· Vision: ETH = world computer, SOL = fast version of NASDAQ

· Pros and cons: ETH builds trust, SOL iterates quickly.

Don't jump to conclusions yet; there’s more to come...

1. Core argument: ETH L2 architecture = nested coordination mechanism

Self-enforcing (Fork: can only fork when the block is verifiable by end users) takes about a few days. Majoritarian (validators complete a block) takes a few minutes. Committee (Eigenlayer validator committee gives quick economic finality) takes 1 second. Authoritarian (sorter gives instant confirmation) takes 10 seconds.

The result is an Instagram-scale user experience and Bitcoin-scale self-verification!

2. ETH baseline? Trust comes from predictability.

Imagine 500 people arguing over the tiniest changes. Sounds like a nightmare, right? But that's the advantage of ETH.

ETH has built long-term trust. You are sure the rules won’t change overnight.

What about SOL? An organization can change the rules at any time. The boundaries between protocols and applications are blurred.

3. What are the constraints on SOL? Complete replication (like all other cryptocurrencies).

Each node must download all data system throughput single node bandwidth more nodes, more throughput

This is a dead end for scalability.

What answer does ETH provide? Danksharding.

n nodes * 10MB/s = n * 10MB/s Throughput more nodes = more throughput For 1M validators, we're talking about theoretical TB/s. This is not a typo.

EigenDA is making all this come true. Right now.

L2: ETH's secret weapon

Instant confirmation (100ms) borrowing security from ETH is now the best place to build most applications.

4. Culture > Strategy

ETH culture > SOL strategy. Why? Because of shared values: anti-censorship, open innovation, trustworthy neutrality.

These are not just fashionable empty phrases. They are the foundation of trust.

5. ETH's vision: World computer

Not just faster payments. We are discussing applications with reliable commitments.

Imagine a crypto-native version of Facebook promising: 'We will not change the privacy policy without the consent of the majority of users.'

How is it done? Making computation verifiable on ETH. Users can trust commitments. No more web2 'take it or leave it' ultimatums. This is the power of ETH's world computer vision.

6. Self-verification: ETH's North Star

Every user should verify the complete system. Sounds crazy? Maybe. But this is the key to true decentralization. This constraint initially limited throughput.

Rollup cracked this code, changing the game:

Maintain self-verification throughput significantly enhances user verification proof, rather than all data.

7. Asynchronous and synchronous composability

ETH: Asynchronous composability

SOL: Synchronous composability

Most real-world applications require asynchronous composability. Think of MMO games.

8. Asset entry and liquidity

SOL: A large pool

ETH: Distributed across L2

SOL seems simpler. But there is one issue: single point of failure.

ETH may appear more decentralized.

But that’s not the case. It is resilient.

ETH = programmable currency across all L2.

Long-term resilience > short-term convenience.

9. Ecosystem development: ETH's advantages

Why are we developing EigenLayer on ETH? Simply for predictability.

You know the rules of the game for ETH. They won’t change overnight. What about the ETH chain itself? It won't steal your lunch either.

Of course, Solana has a speed advantage, but there is one issue: an organization can swallow any brilliant idea.

Where are the boundaries between protocols and applications? I can't figure it out just like you.

ETH is an open playground. Innovation is developed based on L2. You can sleep easy.

Your ideas are always your ideas.

What’s the outcome? ETH attracts serious builders. Visionaries come together for a long battle.

10. ETH vs SOL outcome

SOL = sprinter

ETH = marathon runner

In the cryptocurrency space, we are in a long battle.

The future is not a choice between 'speed or security', but rather a combination of 'speed and security'.

ETH + EigenLayer achieves this.

We are not just developing based on ETH; we are rapidly pushing its development.