Searching for Mana with Lloyd Wahed Blockchain will become like a public good | Solana CEO, Anatoly Yakovenko
Sep 20, 2022
Anatoly Yakovenko, Founder and CEO of Solana, talks about the incredible speed and potential of his blockchain platform, citing over 6,000 transactions per second. He shares insights into Solana's rise, struggles, and innovations, including their new mobile phone, Saga. The discussion explores the NFT boom, decentralization, and how Solana could transform into a public good like Linux. Anatoly emphasizes the importance of collective action in blockchain's future, leaving listeners with a sense of excitement for what's to come.
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Cheap Throughput Enables Machine-First Use
- Solana processes far more application transactions because it's massively cheaper and faster than alternatives.
- Lower cost enables machine-driven activity to dominate blockchain usage over human actions.
NFTs Mirrored Early Internet Communities
- NFTs unexpectedly became the dominant consumer use case and brought massive creator communities to Solana.
- Anatoly likens NFT communities to early internet bulletin boards that seed future large media franchises.
Redundancy Solves Software Reliability
- Reliability failures were mainly engineering bugs, not fundamental design flaws.
- Adding an independent redundant client dramatically reduces the chance of correlated bugs corrupting state.
