As a seasoned researcher with years of experience delving into the intricacies of blockchain technology and cryptocurrencies, I find Anatoly Yakovenko’s recent tweet about Solana being “a Bitcoin L2 endorsed but not backed by Satoshi” to be an interesting and thought-provoking statement. While it is important to note that Solana is a standalone Layer-1 blockchain with its unique Proof of History (PoH) consensus mechanism, Yakovenko’s words suggest a possible connection between the two blockchains that warrants further exploration.
In a recent tweet, Solana founder Anatoly Yakovenko made a surprising Satoshi mention in relation to Solana saying “Solana is a Bitcoin L2 endorsed but not backed by Satoshi. She just did a much better job covering her tracks this time around.”
Solana, unlike Bitcoin, isn’t directly tied to or endorsed by Satoshi, its creator. However, in her current project, she has shown remarkable skill in leaving fewer traces behind compared to before.
— toly 🇺🇸 | compressed (@aeyakovenko) September 15, 2024
Solana (SOL) is engineered with the aim of enhancing its capability to handle higher volumes of transactions while maintaining resistance to censorship. Compared to other well-known blockchains such as Bitcoin and Ethereum, it offers a significant improvement in transaction speed at considerably lower costs.
In 2017, Anatoly Yakovenko introduced the Solana blockchain concept, and it was officially launched in March 2020. This development took place several years following the mysterious disappearance of Satoshi Nakamoto, the anonymous inventor of Bitcoin, who vanished from the internet in 2011.
Solana Bitcoin Layer 2?
In simpler terms, solutions at the second layer (L2) aim to enhance the capacity and effectiveness of blockchain systems. Contrary to popular belief, Solana (SOL) isn’t just an extension or layer 2 of Bitcoin; instead, it stands as a self-governing Layer-1 blockchain with its distinctive Proof-of-History (PoH) consensus method.
It’s possible that the creator of Solana is subtly suggesting a shared link between the two cryptocurrencies, possibly indicating that Solana’s structure could have some foundational similarities with Bitcoin.
On more than one occasion, the creator of Solana has made playful comments like this. Back in February, when over 120 pages of an email exchange between Satoshi Nakamoto and Martti Malmi, a pioneer Bitcoin developer, were disclosed, the co-founder of Solana responded to parts of the emails that pointed out similarities in the philosophies espoused by Satoshi and those of Solana.
Yakovenko stated, “Satoshi not only created Solana, but this time, she was more skillful in hiding her involvement. The fact remains, the truth eventually comes to light.
Currently, Solana’s native cryptocurrency, SOL, has decreased by 0.25% over the past 24 hours, and it is currently valued at approximately $136.
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2024-09-15 13:55