The founder of MakerDAO, one of the oldest and most influential decentralized autonomous organizations (DAOs) and protocols on Ethereum, recently expressed his admiration for Solana.
In a blog post, MakerDAO's founder explained why he believes Solana is the most promising codebase that will form the basis of NewChain, a new blockchain proposal that would replace the current Maker protocol and fix its technical debts.
MakerDAO Founder Says Solana Is the Most Promising Project for NewChain
According to the MakerDAO founder, there are three important reasons why Solana stands out among other blockchain platforms:
The first reason was the technical quality of the Solana codebase, which is highly optimized for the purpose of operating a singular and highly efficient blockchain. The MakerDAO founder praised Solana's engineering, which benefits from being designed long after the bottlenecks and challenges of blockchains were long understood. He also noted that Solana has two client applications, which is crucial for flexibility.
The second reason is that the Solana ecosystem has proven its resilience through the FTX crash. Despite all the problems and challenges, the project still has a thriving developer community, according to the MakerDAO founder.
The MakerDAO founder said this means Solana has a significant lindy influence and will be permanent in the long run. He also noted that this means development and maintenance costs will be much lower and there will always be a pool of high-quality talent available for Maker to access and contribute to.
As a third reason, he cited the fact that there are already examples of the Solana codebase that have been forked and adapted to act as appchains, which are private blockchains that run on top of another blockchain.
The most notable example was the Pyth network running its own adapted version of Solana to act as the backend. The MakerDAO founder stated that this shows that Solana is flexible and adaptable enough to meet NewChain's needs.
*Not investment advice.