Bankless 157 - Will Solana Make It with Anatoly Yakovenko
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Feb 6, 2023 
Anatoly Yakovenko, Co-founder of Solana Labs and creator of the Solana blockchain, dives deep into the highs and lows of Solana’s journey. He discusses the impact of the FTX crisis on community trust and the resilience required to navigate a bear market. Anatoly reveals the innovative architecture of Solana and contrasts its security approaches with Ethereum's. He reflects on fundraising challenges, community growth, and how hackathons sparked significant decentralized applications. A candid look at Solana’s future, amidst doubt and criticism.
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Anatoly's First Crypto Experience
- Anatoly Yakovenko's first crypto experience involved a company that mined Bitcoin with pre-ordered ASICs before shipping them.
- This sparked his interest in building faster, more efficient systems.
Solana's Time-Based Innovation
- Solana uses a novel approach to encode time as data, similar to how Bitcoin encodes entropy.
- This allows for scheduled transmissions, optimizing bandwidth use.
Solana's Bandwidth Focus
- Solana prioritizes bandwidth efficiency over decentralization for faster transaction processing.
- Validators don't need full state access, relying on at least one full node for trustlessness.