{"id":164689,"date":"2022-10-02T11:38:05","date_gmt":"2022-10-02T11:38:05","guid":{"rendered":"https:\/\/precoinnews.com\/?p=164689"},"modified":"2022-10-02T11:38:05","modified_gmt":"2022-10-02T11:38:05","slug":"sol-anatoly-yakovenko-on-how-solana-became-a-leading-blockchain-over-past-18-months","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/sol-anatoly-yakovenko-on-how-solana-became-a-leading-blockchain-over-past-18-months\/","title":{"rendered":"$SOL: Anatoly Yakovenko on How Solana Became a Leading Blockchain Over Past 18 Months"},"content":{"rendered":"

In a recent interview, Solana Labs Co-Founder Anatoly Yakovenko talked about how Solana managed \u2014 over the past 18 months \u2014 to \u201ccatapult\u201d itself to the position of one of Ethereum\u2019s major L1 blockchain rivals.<\/p>\n

His comments were made during a conversation on September 21 with\u00a0Ryan Selkis, Co-Founder and CEO at\u00a0Messari, at Messari\u2019s annual conference\u00a0Mainnet\u00a0(September 21-23, 2022) in New York City.<\/p>\n

Yakovenko told Selkis:<\/p>\n

\u201cI\u2019d love to say that it was like brilliant strategy, but it was really I think a function of necessity. We never had a ton of runway. There are always like 20 months or lower. So 12 engineers, a very scrapy team, over two years, we built the bare minimum to prove that a fast blockchain that has parallel execution is possible. That meant no EVM support, no Ethereum-like features.<\/em><\/p>\n

\u201cWe literally just could demo, look, this thing could run something like zero. And that was it. And that was the right thing to do because devs saw a new technology that gave them new capabilities and they were curious and engineers are naturally curious. And that allowed us to build a small ecosystem of folks\u2026 eating glass was like our mantra at the time. <\/em><\/p>\n

\u201cNow, it\u2019s more like surfing glass, but at that time I was really really rough. The only developer tool we got that we gave people was basically equivalent to a Linux system call. So it was very very low level programming, but it was cheap and fast and a new primitive for parallel execution and that that was really what allowed us to differentiate and build our own community.<\/em>\u201c<\/p>\n

https:\/\/youtube.com\/watch?v=WuWI-vtzi4c%3Fstart%3D703%26feature%3Doembed<\/p>\n

Yakovenko also talked about Saga, which is\u00a0a new mobile phone introduced on 23 June 2022 that is being developed as the result of a collaboration between Solana Mobile, a subsidiary of Solana Labs, and OSOM.<\/p>\n

As he was showing a Sega phone prototype to Selkis, Yakovenko said:<\/p>\n

\u201cIt\u2019s awesome\u2026.This is built by an amazing OEM: OSOM. Jason Keats is the founder. He was the architect of iPad Pro. He\u2019s like an amazing hardware engineer\u2026 He loves materials and hardware and making a beautiful device and we\u2019re working on the crypto software part of it, the Solana Mobile Stack. <\/em><\/p>\n

\u201cAnd this all came about because there are two things happening in crypto. Applications are getting more sophisticated and they\u2019re dealing with much more complex media and interactions, and self-custody is still dangerous and sucks.<\/em><\/p>\n

\u201cAnd when you look at your phone, you kind of feel like, \u2018why isn\u2019t this my hardware wallet?\u2019 Why are we storing seed phrases inside the application that\u2019s doing all these very complicated things? So that was part one, and part two is [that] decentralisation is enabling true real-world digital assets. That\u2019s just never been done before. When you buy a movie from Amazon \u2014 buy to own \u2014 actually all that content you\u2019re renting it from Amazon for that 20 bucks forever and it may disappears sometime in the future\u2026 So they own the content at the end of the day. <\/em><\/p>\n

\u201cBut with Web3, the user generates the content and the user owns it and Magic Eden can\u2019t to add a 30% tax on that content in the mobile app. There\u2019s no way you can take a $10,000 NFT and sell it for $13,000 in the iOS app store, and they can\u2019t eat that cost either. <\/em><\/p>\n

\u201cSo the business model just doesn\u2019t work. Web3 is about true digital assets being real things. That means they have to be treated like physical items, and that really hurts all the folks that Apple and Google want to take 20% to 30% off of [for] every digital transaction.<\/em><\/p>\n

\u201cSo these two things coming together is a big opportunity. Can we make the signing experience awesome and delightful like Apple Pay? Can we make custody as simple as just owning your phone? And can we give devs an app store where crypto is treated as a first-class citizen?<\/em>\u201c<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

In a recent interview, Solana Labs Co-Founder<\/p>\n","protected":false},"author":3,"featured_media":164688,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\n$SOL: Anatoly Yakovenko on How Solana Became a Leading Blockchain Over Past 18 Months - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/crypto\/sol-anatoly-yakovenko-on-how-solana-became-a-leading-blockchain-over-past-18-months\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"$SOL: Anatoly Yakovenko on How Solana Became a Leading Blockchain Over Past 18 Months - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"In a recent interview, Solana Labs Co-Founder\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/crypto\/sol-anatoly-yakovenko-on-how-solana-became-a-leading-blockchain-over-past-18-months\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2022-10-02T11:38:05+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/precoinnews.com\/wp-content\/uploads\/2022\/10\/SOL-Anatoly-Yakovenko-on-How-Solana-Became-a-Leading-Blockchain-Over-Past-18-Months.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/crypto\/sol-anatoly-yakovenko-on-how-solana-became-a-leading-blockchain-over-past-18-months\/\",\"url\":\"https:\/\/precoinnews.com\/crypto\/sol-anatoly-yakovenko-on-how-solana-became-a-leading-blockchain-over-past-18-months\/\",\"name\":\"$SOL: Anatoly Yakovenko on How Solana Became a Leading Blockchain Over Past 18 Months - 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