Solana (SOL) Is ‘Truly In Limbo’ If This Happens, Warns Crypto Analyst

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On Monday, Federa proposed a novel conceptualization for several enhancements on the Solana blockchain via a post on X, suggesting that “most of the L2-ish things on Solana are better thought of as Network Extensions.” "While the underlying tech stack might resemble Bitcoin or Ethereum L2’s, the function and role is so radically different I think founders would best be served by Network Extensions.

Related Reading: Solana’s Surge: Here’s Why This Analyst Is Predicting A Rise To $360 Ignas elaborates on the potential risks associated with Solana’s rebranding of its scalability solutions as Network Extensions.

He acknowledged that integrating Network Extensions from the outset, with aggregation layer solutions already in place—a step Ethereum had not taken during its initial Layer 2 rollouts—could mitigate some of the common challenges associated with Layer 2 solutions.

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Article Details

Author / Journalist: Jake Simmons

Category: Crypto

Markets: United KingdomAustria

Topics: Solana vs Ethereum SOL news Solana Solana Analysis Sol SOLUSDT Solana Extensions Solana news SOL Price Solana Price

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-03 @ 18:00:12 (18 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 540 words

Reading Time: 3 minutes read

Sentences: 68 lines

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Copyright Owner: © NewsBTC

News ID: 22358505

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