Conversation

Jul 27, 2020

FTX will build Serum - super fast DEX on

, which will be however interoperable with #Ethereum and it's assets. I wonder what is the reason to use solana and not some ZK L2 tech though...

Quote Tweet

SBF

@SBF_FTX

Jul 27, 2020

11) Serum is built on the @solana blockchain. Solana can process 10,000 times as much as Ethereum; and it's 1,000,000 times cheaper. And unlike many side chains, Solana is a fully fledged, decentralized blockchain with over 100 validators.

Show this thread

Replying to

and

It's own fully decentralized blockchain, way more secure than L2. solanabeach.io/#/

9:21 AM · Jul 27, 2020Twitter Web App

Replying to

Could you elaborate this? How solana way more secure than say loopring + ethereum?

Replying to

and

Way more liquidity, and lower latency because the main chain is itself fast

Show replies

Replying to

Thats obviously not true. Same like saying YFI and BTC have the same risk profile.

Quote Tweet

FTX exchange people now claiming a new L1 with 130 validators running a few months is more secure than ETH L2 like ORU or zkRollup. Thats simply false, perhaps they should have done research upfront. Both L2s have same security guarantees like ETH L1. twitter.com/SBF_FTX/status…