- Fake news story prompts jabs at Solana.
- Cardano founder Charles Hoskinson joins in.
- Solana’s Breakpoint Conference in Singapore.
The crypto community is no stranger to rivalries. Not least of them is the one between Cardano and Solana. While similar in their advertised benefits and use cases, their underlying philosophy couldn’t be more different.
Recently, this rivalry came back into focus when Cardano Founder Charles Hoskinson used a satirical news story to take a subtle jab at Solana.
Fake News Story Prompts Cardano’s Founder to Joke About Solana
Not one to pass up an opportunity for a joke, Cardano Founder Charles Hoskinson took his latest jab at Solana. What prompted his joke was a hilarious but fake news article shared by Nansen CEO Alex Svanevik on X on Monday, September 16.
The fabricated headline read that Singaporean customs officers had apprehended the founder of Solend (now known as Save Protocol) while attempting to smuggle 20,000 condoms into the city-state. The article wrote that this was for a “crypto conference,” likely the upcoming Solana Breakpoint Event in Singapore.
Svanevik responded by comparing it to bringing “20,000 steaks to a vegan festival.” Hoskinson, on the other hand, joked that the founder just “wanted to safely use Solana.” This jab poked fun at Solana’s network issues, which Hoskinson has talked about in the past.
Historical Rivalry Between Cardano and Solana
The latest jab is not the only criticism Hoskinson shared of Solana. In 2022, he responded to Solana Founder Anatoly Yakovenko, criticizing him for being too careful in his development of Cardano. He emphasized that “millions of users and thousands of businesses” rely on its infrastructure, which warrants safety. “I’d love to see these guys build a hospital,” he added.
Solana and Cardano seem natural rivals, thanks to their similar use cases but different design philosophies. While both networks emphasize scalability, there are also notable differences. Cardano focuses on security and a research-driven approach, boasting its unique Ouroboros proof-of-stake protocol. Solana focuses on speed and low fees, which are used to attract a strong DeFi ecosystem.
On the Flipside
- While Solana boasts a large ecosystem and fast transactions, it has issues. Notably, Solana suffered network-wide outages and faced congestion issues.
- Cardano lags significantly in terms of total value locked (TVL) compared to Solana. Its TVL is just $188.68 million, while Solana’s is $4.7 billion.
Why This Matters
Jokes, especially at the expense of the entire crypto community, help keep the space grounded. This way, the main players can focus on what’s actually important for the industry.
Read more about comparing Cardano and Solana:
Cardano vs. Solana: Which Blockchain Has a Brighter Future?
Read more about a key development that can propel Solana forward:
Solana’s Liquid Staking is Key to Price Growth, Bybit Claims
