Building Jito on Solana: Vision, Challenges, and Misconceptions

11min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

The speaker discusses their choice of building Jito on Solana, sharing their background in computer engineering and firmware. They address misconceptions about Solana's centralization and emphasize the goal of creating an ultra-fast, fair, and affordable state machine. They also discuss the potential impact of regulations, the importance of learning from other ecosystems, and conclude with a conversation about the risks involved in crypto investments.

This is an exploration of Jito, the Solana validator client, the staked Solana token JITOSOL, and MEV optimization engine.

The recent Jito airdrop show the whole industry as millions of dollars in value flooded into the Solana ecosystem.

Joining us today is Lucas Bruder from the Jito team to walk us through the basics and nuances of this multifaceted project.

----- 🏹 Airdrop Hunter is HERE, join your first HUNT today https://bankless.cc/JoinYourFirstHUNT ------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE ⁠https://k.xyz/bankless-pod-q2 ⁠

🦊METAMASK PORTFOLIO | MANAGE YOUR WEB3 EVERYTHING ⁠https://bankless.cc/MetaMask

⚖️ARBITRUM | SCALING ETHEREUM ⁠https://bankless.cc/Arbitrum ⁠

🔗CELO | CEL2 COMING SOON https://bankless.cc/Celo

🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/Toku

------ TIMESTAMPS

0:00 Intro 6:00 Jito Airdrop 8:45 What is Jito 12:00 Staking and Decentralization 17:20 MEV Optimization 25:20 Fees and Failed Transactions 33:20 JITOSOL 37:00 Solana Economics 42:00 Staking vs JITOSOL 45:40 Ethereum vs Solana 53:30 Jito Governance 59:15 Stakenet 1:05:40 Solana Governance 1:09:40 Choosing Solana 1:13:30 A Successful Network

------ RESOURCES

Lucas Bruder https://x.com/buffalu__?s=20

Jito Labs https://www.jito.wtf/

Explorer https://explorer.jito.wtf/

------ Not financial or tax advice. See our investment disclosures here: https://bankless.com/disclosures