Unchained Will Solana Be the Execution Layer and Ethereum the Settlement Layer? - Ep.294
Nov 30, 2021
Anatoly Yakovenko and Raj Gokal, co-founders of Solana Labs, share insights on the evolving dynamics between Solana and Ethereum. They discuss Solana's ambition to become a billion-user blockchain and the impact of recent network outages. The duo emphasizes that such challenges can highlight resilience rather than setbacks. They also explore why NFTs on Solana have surged in popularity and speculate on the future roles of both networks as execution and settlement layers. Their vision points toward a collaborative, innovative future in decentralized finance.
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Founders' Backgrounds
- Raj Gokal's background is in finance and venture capital, having worked at General Catalyst and started a health tech company.
- Anatoly Yakovenko's background is in engineering at Qualcomm, where he developed high-performance blockchain technology.
Solana's Vision
- Solana aims to be a general-purpose blockchain, supporting various applications like NFTs, DeFi, and DAOs, rather than specializing in a niche.
- The goal is to encourage widespread user adoption and self-custody of keys, mirroring the early vision of the internet.
Everything is DeFi
- Solana's initial focus on high-frequency trading has broadened to encompass all decentralized marketplaces.
- They believe everything is finance, and every marketplace can be improved with blockchain, making speed and low cost crucial.
