The Crypto Explorer - by Sygnum Bank AG S2E7: the Rise of Solana with Lily Liu
Dec 10, 2024
Lily Liu, President of the Solana Foundation, discusses her journey from private equity to the innovative world of Web3. She highlights Solana's rapid evolution, unique scalability features, and its vibrant community. The conversation delves into the challenges posed by so-called 'Solana-killers' and the interplay between traditional finance and decentralized finance. Additionally, Lily reflects on the philosophical shifts in how we perceive money and the future innovations that could further redefine the crypto landscape.
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Lily Liu's Crypto Journey
- Lily Liu transitioned from banking, consulting, and building hospitals to crypto after reading the Bitcoin white paper about 10 years ago.
- She found profound potential in blockchain beyond Bitcoin's digital gold, driving her long-term involvement in the space.
Solana's Technical Differentiation
- Solana's technical edge lies in high performance and handling complexity at the validator level to optimize ecosystem role trade-offs.
- This design enables easier scaling for users while balancing decentralization beyond just node count metrics.
Solana's Pragmatic Community Culture
- Solana's community culture is pragmatic, focusing on applied building rather than theoretical research or expecting handouts.
- The early "glass eaters" spirit fostered a mindset of contribution essential for scaling a strong ecosystem.