Sam Bankman-Fried, the CEO of FTX and Alameda Research, and Anatoly Yakovenko, the co-founder and CEO of Solana Labs, discuss the Project Serum ecosystem that they are building on the Solana blockchain, and the unique approach to scaling the Solana blockchain is taking.
In this episode, they talk about:
- their backgrounds, and how they became involved in crypto
- why Solana takes a different approach to scaling and how it is implemented
- why they think a relatively lower number of nodes is sufficient to protect from attacks or collusion
- what the vision for Solana is, who they see using it, and how Serum fits into that vision
- why they think there haven’t been more crypto projects migrating to Solana yet
- Solana’s proof-of-history algorithm and how it works
- how Solana plans to attract DeFi developers
- why Serum was made interoperable with Ethereum
- the types of traders they are hoping to attract with Serum, and what their experience will be like on the platform
- why Project Serum is an ecosystem and not just an order book exchange
- how high-frequency trading firm Jump Trading came to adopt Serum
- how Serum will manage trading tokens from different chains
- the purpose of Serum’s two tokens, SRM and MSRM
- and what’s in store for Project Serum in the future
Thank you to our sponsors!
Crypto.Com: https://www.crypto.com
Gods Unchained: https://playgu.co/unchainedpod
Episode links:
Anatoly Yakovenko: https://twitter.com/aeyakovenko
Solana: Solana.com
Sam Bankman-Fried: https://twitter.com/SBF_Alameda
Project Serum: https://www.projectserum.com
Project Serum on Twitter: https://twitter.com/projectserum
Solana CoinList auction in March: https://www.theblockcrypto.com/linked/59952/blockchain-project-solana-raises-1-76m-from-its-launch-auction-on-coinlist
Solana network stats: https://explorer.solana.com
The Block Research on Solana: https://www.theblockcrypto.com/genesis/76615/solana-blockchain-overview
Proof of history:
https://medium.com/solana-labs/proof-of-history-a-clock-for-blockchain-cf47a61a9274
Serum: https://www.theblockcrypto.com/daily/72924/ftx-dex-serum-solana-blockchain
Tether: https://medium.com/solana-labs/tether-to-bring-usdt-to-the-solana-network-77864184b20
Jump Capital: https://www.theblockcrypto.com/post/76826/veteran-market-maker-jump-trading-forays-into-defi-to-provide-liquidity-for-ftxs-solana-based-dex
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