A panel discussion at the Token2049 conference in Dubai brought together experts from the blockchain industry to explore the latest innovations and development opportunities. The focus of the discussion was on the Ethereum blockchain, known as the dominant smart contract platform.
However, the panelists highlighted scalability issues with Ethereum, such as low transaction throughput, resulting in high gas fees and network congestion. Nevertheless, developers continue to show interest in Ethereum due to its first-mover advantage and brand recognition.
In contrast, the experts noted that the transaction volume on Solana has surpassed that of Ethereum, indicating its significant growth. Furthermore, the panel emphasized the flexibility of allowing others to launch their own blockchains based on their own rules.
They acknowledged that this flexibility has been a serious challenge for the network in recent years.