Let me tell you a fact.

If you think a crypto project will fail, you are probably right.

A majority of crypto projects fail. If you look at the top 10 by market cap from five years ago and compare it to today, you will only find BTC and ETH. I don't even recognize some names from the past. In five years, all will be different again – a majority of the top 10 projects will be different from what they are today.

Let us now talk today about SOL (Solana).

We know that once a mighty cryptocurrency is now no longer. That doesn’t mean that SOL is guaranteed to disappear, but there is a high chance it will.

There is something I have noticed as well. If someone offers to buy you out, they will probably fail as well.  

Anyway.

Cardano founder Hoskinson proposes to integrate Solana as a sidechain.

Cardano co-founder Charles Hoskinson is now presenting a proposed solution (he is referring to the recurring vulnerabilities in the Solana network) for Solana. He wishes to connect Solana to Cardano as a sidechain. This means Solana would only act as a sub, while Cardano would be the main blockchain in this construct.

Hoskins, please stop.

But maybe I am too fast to judge. Let’s listen to his argument:

Take Solana, replace its current consensus algorithm, which doesn't break down all the time, and make it a Cardano sidechain. As a side chain, there would be no more security risks.

I guess if you could do that it would be great, Hoskins.

Of course, it is questionable whether the proposal will be approved by the Solana developers. Because this would mean that Solana would lose its independence, while Cardano could of course benefit from the new users who would then participate in the Cardano network. Hoskinson's idea is not entirely altruistic. Of course, it is not.

Hoskins, please stop.

I guess I still live in the dream, but Solana was at “good” times and rated as a better alternative to Cardano during the last bull market in 2021. This was also noticeable in the price development of the native SOL token.

It is true, that SOL has dropped significantly since those times, but one thing is true.

If they don’t integrate, there is a huge chance they will completely disappear.

If they integrate, they will disappear. At least for me, I would never want to hear about that project again!

This isn't the first time Hoskinson has tried to win approval for his idea of sidechains on the Cardano network. Shortly after Elon Musk bought Twitter, he explained that there was a way to connect DOGE to Cardano. He even offered to implement the integration at his own expense and introduce smart contracts.