Anatoly Yakovenko, one of the co-founders of Solana, has suggested a novel “meta blockchain” approach. This new initiative seeks to address the growing challenge of data fragmentation between all the various layer-1 blockchains. This proposal comes amid increasing calls for greater interoperability and collaborative economics within the cryptocurrency industry, highlighted by figures like Cardano founder Charles Hoskinson.
Yakovenko described his “meta blockchain” in a thread on X, formerly Twitter, on May 12. This radical new system will combine and prioritize data from all the different layer-1 chains — including the largest networks such as Ethereum, Celestia, and Solana. In the spirit of creating efficiencies, the new proposed DA system would focus on using innovative and cost-effective data availability (DA) solutions already on the market.
This would actually allow the meta chain to use the cheapest currently available DA offer. - Anatoly Yakovenko
Yakovenko underscored the importance of affordable data access. He explained that it is extremely important for reducing net costs across the blockchain ecosystem.
Making data availability cheap allows for making everything else cheap. Bandwidth is the irreducible bottleneck. - Anatoly Yakovenko
At the other end of the buzz spectrum, Cardano founder Charles Hoskinson has been a consistent and vocal proponent for creating collaborative economics in crypto. Hoskinson believes that the tokenomics and market structures we have today create a uniquely adversarial space.
The problem right now, with the way we’ve done things in the cryptocurrency space, is the tokenomics and the market structure are intrinsically adversarial. It’s sum 0. - Charles Hoskinson
Hoskinson advocates for an exit from the perpetual competition that defines much of the industry. Instead, he thinks we should be working towards building better tokenomics and market structures that promote collaboration. Cardano has been actively working on "Minotaur," a multi-resource consensus protocol designed to combine multiple consensus mechanisms and networks to distribute a unified block reward across various networks simultaneously. This further demonstrates Cardano’s commitment to fostering interoperability and collaboration.
Instead of picking a fight, what you have to do is you have to find tokenomics and market structure that allows you to be in a cooperative equilibrium. - Charles Hoskinson
In his vision, collaboration is the key ingredient. It’s a boon to better go toe-to-toe with traditional technology companies that are evermore diving into the blockchain space.
