Unchained Can Solana Seize Marketshare From Ethereum With Serum? - Ep.193
Oct 6, 2020
Sam Bankman-Fried, CEO of FTX and advisor to Project Serum, teams up with Anatoly Yakovenko, co-founder of Solana Labs, to discuss the groundbreaking Project Serum ecosystem. They delve into Solana’s unique approach to scaling, emphasizing its proof-of-history mechanism. The duo envisions Solana disrupting traditional finance and explain why interoperability with Ethereum is crucial for attracting DeFi developers. They also touch on the innovative roles of Serum's tokens and the future growth of the platform, sparking excitement for its potential impact.
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SBF's Background
- Sam Bankman-Fried worked as a quant trader before entering crypto.
- He started Alameda Research, FTX, and Project Serum, managing billions in daily notional trading volume.
Yakovenko's Background
- Anatoly Yakovenko's background in optimizing mobile platforms influenced Solana's design.
- He realized time measurement, crucial for blockchain, can leverage hardware optimization principles from mobile.
Solana's Scaling Approach
- Solana prioritizes horizontal scaling on improving hardware to increase bandwidth, unlike sharding approaches.
- It focuses on price discovery, aiming for speed comparable to news dissemination for state transition replication.