By Anatoly Yakovenko says Ethereum Could Become Layer-2 for SOL, VC Spectra Drives Innovation in FinTech
Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.
Solana’s (SOL) cofounder has indicated that Ethereum (ETH) could provide a layer 2 for SOL, sparking a series of questions across the crypto community.
What it means and how it will impact the world remains to be seen.
Meanwhile, VC Spectra (SPCT) is giving a new meaning to innovation by raising $2.4 million in its private presales alone. Let’s dive a little into details.
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Ethereum (ETH) and its Potential for Solana (SOL)
Despite significant concerns regarding the scalability and security of using the Ethereum (ETH) blockchain as Layer 2 for Solana (SOL), the co-founder of the Solana (SOL) blockchain, Anatoly Yakovenko, says to be more likely than seen at first glance.
He raised his points in a series of tweets by suggesting Ethereum (ETH) be an upcoming layer 2 for Solana (SOL).
A movement like this across two major blockchains will likely result in a finality guarantee of Solana (SOL) holders on the Ethereum (ETH) blockchain, even in the event of invalid state transactions and double spends.
Furthermore, this will result in lower transaction fees and less congestion during high Ethereum (ETH) blockchain activities.
All Ethereum (ETH) transactions must be submitted to Solana (SOL) along with an SPV root for the resulting state for this bridge protocol.
A bridge timeout mechanism will also need to be put in place to troubleshoot and identify potential faults.
In the long run, however, all of these measures do not guarantee the safety of lending Solana (SOL) on the Ethereum (ETH) blockchain and opening positions using Solana (SOL) as well.
Although, it would be safe to conduct transactions and hold Solana (SOL) tokens on Ethereum Blockchain.
Moving forward to long-term effects, CLOBs are likely to remain functional among other DeFi protocols.
However, AMMs and non-flash loan borrowers will face liquidity provision and trading challenges.
Finally, with so much distrust over Solana (SOL) and its layer two potential using Ethereum (ETH), a bridge protocol would likely result in a market rejection and overall loss for Solana (SOL) in the open market.
In the words of one commentator, “Solana (SOL) founders are delusional.”
VC Spectra (SPCT): Driving Innovation and Excelling Growth
While Ethereum (ETH) and Solana (SOL) battle over the implications of their layer-2 bridge protocol, VC Spectra (SPCT) is driving growth and innovation in the asset management industry.
As a decentralized hedgefund blockchain, VC Spectra (SPCT) aims to revolutionize asset management and risk-free investment by leveraging AI.
VC Spectra (SPCT) offers a wide array of potential real-life utilities tailor-made for investors looking to generate sustainable income in the long run.
With its venture capitalists and risk management teams, VC Spectra (SPCT) is a go-to blockchain for safely investing in ICOs and startups.
With no VC Spectra (SPCT) blockchain intermediaries, trading and transactions are made directly through smart contracts, making the whole experience simple and more transparent.
With exclusive voting rights for VC Spectra (SPCT) holders, investors can control their involvement and assets.
Market-wise, VC Spectra (SPCT) will release 1 billion tokens in public and private presale events.
VC Spectra (SPCT) raised over $2.4 million in private presale events and actively offers tokens in stages through its public presale events.
The first stage for the public presale offers VC Spectra (SPCT) tokens at $0.008, which will gradually be raised to $0.08 by the time of launch.
This means a 900% surge in value for investors in the VC Spectra (SPCT) native tokens.
Interested? Learn more about VC Spectra (SPCT) by visiting the links below.
Buy Presale: https://invest.vcspectra.io/login
Website: https://vcspectra.io
Telegram: https://t.me/VCSpectra
Twitter: https://twitter.com/spectravcfund
