web3 with a16z crypto

Debating Blockchain Architectures (with Solana)

30 snips
Sep 5, 2023
In this podcast, Anatoly Yakovenko, Co-founder and CEO of Solana Labs, discusses blockchain architectures, scalability, company-building, and engineering hiring. They explore the differences between Ethereum's roll-up vision and a permissionless system, the demand for block space, attracting developers, leadership in the crypto space, and predictions for crypto adoption. Builders are encouraged to focus on product market fit and pursue innovative ideas.
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INSIGHT

Synchronized State Machines

  • Globally synchronized state machines are valuable, like Google Spanner or Nasdaq.
  • Blockchains, as permissionless marketplaces, benefit from global synchronization.
INSIGHT

Overspending on Settlement

  • Settlement is easily achieved with Byzantine Fault Tolerance and sufficient decentralization, as seen with Tendermint.
  • We overspend on settlement security and underspend on execution research.
ANECDOTE

Solana's Architecture and Inspiration

  • Solana uses Verifiable Delay Functions (VDFs) for scheduling, like time division in cellular networks.
  • It prioritizes scaling with hardware improvements, influenced by Anatoly Yakovenko's Qualcomm experience.
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