Network cooperation is not new in the crypto-verse. Many people were surprised by the Cardano [ADA] network’s efforts to persuade Solana [SOL] to join as its sidechain. An anonymous Twitter user created a poll, and the cryptocurrency world was paying close attention to it. A staggering 82 percent of participants expressed a desire to see these networks function together.
Charles Hoskinson, the person who created Cardano, veered in and continued by acknowledging the poll. In addition, he suggested that the Solana team join Cardano as a sidechain.
Hoskinson initially made this joke when he quipped, “Solana could end up being a side-chain of Cardano,” in a Twitter Space debate.
The fact that this was initially only a joke should be acknowledged. Solana’s potential role as a sidechain for the ADA network appeared tenuous. These networks all operate differently and use various algorithms.
Additionally, Cardano’s scalability could be improved by adding a suitable sidechain. But Solana’s scalability has consistently been praised.
Dogecoin [DOGE] was previously urged to join the Cardano network and function as its sidechain. Hoskinson started to use Dogecoin at this point when Elon Musk took control of Twitter.
A Joke Gone Too far, Cardano Community Takes A Dig
As soon as word of this spread, various members of the Cardano community intervened and attacked Solana. They continued by saying that Solana’s sole chance of surviving lay in joining the ADA network. Some of the others poked fun at the network, saying, “A side chain that shuts down? ”
Clearly, the Solana network hasn’t had a fantastic year. SOL fell from a peak of $197.88 to a low of $11.01 in a year due to greater exposure to the FTX fiasco.
SOL’s growth is being hampered by the bear markets, and another downturn might push it below the $10 level. If SOL trades in the single digits, confidence in the cryptocurrency may suffer, but it may also see significant inflows due to its cheap price.
However, at the time of writing, Solana was priced at $13.88 with a hike of 3.01% over the last 24 hours, according to Coin Market Cap.