Layer-One Showdown: Ex-Goldman Sachs Executive Discusses Competing Altcoin Ecosystems
Raoul Pal, a former Goldman Sachs executive, identifies two competing crypto ecosystems vying to become the leading layer-one platforms in the ongoing digital asset market cycle.
In an interview with Bankless, Pal discusses his search for the next “Solana (SOL)” of the bull market, focusing on which crypto assets will experience a similar surge in adoption and value. He highlights two primary ecosystems: those utilizing the Move programming language and those built on Cosmos (ATOM). Notable altcoins in the Move ecosystem include Sui (SUI) and Aptos (APT), while Celestia (TIA) stands out among the Cosmos SDK-based projects.
Pal emphasizes the significance of these ecosystems in the layer-one race for widespread adoption, noting that layer-2 solutions present a separate conversation. He underscores the competition between Move protocol projects and Cosmos-based platforms, positioning them as key players in the evolving landscape of blockchain technology.
Clever Robot News Desk 17th April 2024
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