Galaxy: Ethereum and Solana Inflation Adjustment Proposals Spark Different Controversies, On-Chain Demand Is Key
- Ethereum and Solana have proposed adjustments to their blockchain inflation plans this week.
- The Ethereum proposal is controversial, with debates about its impact on staking and centralization risks.
- The Solana proposal is focused on scarcity and is considered less controversial.
- Both networks have relied on inflation to bootstrap their ecosystems, but subsidies will eventually expire.
- Demand for block space is essential for funding validation, rather than relying solely on issuance.
According to Galaxy Research, Ethereum and Solana have advanced new proposals to adjust their blockchain inflation plans this week. Both proposals raise fundamental questions about the necessary security budget for network protection and whether adjusting parameters is justified.
The Ethereum proposal has sparked more controversy, with supporters claiming that the current model promotes a staking ratio nearing 100%, which could increase centralization risks. Conversely, opponents argue that it may adversely affect solo stakers and weaken the decentralized finance (DeFi) ecosystem.
In contrast, the Solana proposal, which focuses on scarcity, has garnered less controversy. While inflation has initially supported both networks, the expectation is that these subsidies will eventually come to an end. A sustainable approach would involve funding validation through demand for block space rather than through issuance alone.
Both Ethereum and Solana are encouraged to continue advancing their technology, fostering institutional adoption, and developing retail products. Security concerns should not overshadow the necessary focus on demand-side initiatives.
Galaxy：以太坊和索拉纳通货膨胀调整提案引发不同争议，链上需求是关键
根据Galaxy Research，以太坊和索拉纳本周提出了调整其区块链通货膨胀计划的新提案。这两个提案提出了关于网络保护所需安全预算的基本问题，以及调整参数是否合理。
以太坊的提案引发了更多争议，支持者认为当前模型促进了接近100%的质押比例，这可能增加中心化风险。相反，反对者则认为这可能对个人质押者产生不利影响，并削弱去中心化金融（DeFi）生态系统。
相比之下，索拉纳的提案侧重于稀缺性，争议较小。虽然通货膨胀最初支持了这两个网络，但预计这些补贴最终会结束。可持续的方法应通过对区块空间的需求来资助验证，而不仅仅依赖于发行。
以太坊和索拉纳都被鼓励继续推进技术进步，促进机构采用和零售产品开发。安全问题不应掩盖对需求侧举措的必要关注。