The Antidote #1 - Why Solana is a Truly Scalable Blockchain w/ Anatoly Yakovenko
The Antidote - Blockchain, Decentralization and Builders
Anatoly Yakovenko is the founder of Solana, a long time engineer at Qualcomm he was able to build his team with several of his colleagues when the company was bought. They built the Solana blockchain from scratch and are now the fastest and cheapest blockchain in existence. The exciting part? It's only the beginning.
We talk with Anatoly founder of Solona which claims to be the fastest unpermissioned blockchain in the world (without using sharding) and his 18 year career working as a senior engineer at Qualcomm, scaling distributed systems used by millions of people. We explore the ‘blockchain trilemma’, its history, and what he proposes is it’s false trade-off between security, speed and security and why by solving for the hard concept of ‘time’ and shifting focus to unlocking gains from hardware based on Moores Law could allow us to leapfrog the limitations of blockchains today and enable fully automated highly decentralised discovery markets for machines and the convergence of blockchain, mixed reality like AR / VR and AI. We discuss 5G and we ask him ‘can we ever have a fully decentralised censorship resistant Web 3?’ when state actors can control the physical infrastructure of the internet.
In today’s episode, Corey and Collin talk with Anatoly Yakovenko, the Co-Founder and CEO of Solana. Solana is a blockchain platform attempting to scale transactions without the need of sharding and we want to know how they plan to do it. Join us as we dive into their strategy, their current progress, and where they plan to go. We ask the right questions to get you to the right answers on how this technology works, so come listen and enjoy! Links:– solana website– Anatoly’s Twitter Donate to Hashing It Out!
In this episode, Bobby Ong, co-founder of CoinGecko is joined by Anatoly Yakovenko, founder and CEO at Solana. Bobby interviewed Anatoly on Solana, its scalability, proof-of-history as well as Solana’s plans for Q4 of 2020 and beyond.[00:00:02] Intro[00:01:23] Background on Solana[00:02:38] Scalability Trilemma problem[00:06:34] Solana blockchain size?[00:11:26] Other applications on Solana blockchain[00:13:15] Is Solana an Ethereum competitor?[00:19:28] Solana’s proof-of-stake with delegation validation model [00:23:37] Decentralized clock feature, called proof-of history[00:31:29] Solana’s plan for Q4 2020 and beyond[00:38:27] Where to follow Solana?Quotes from the episode:“If you go to our explorer, you can see that the network has done about 32 million blocks at this point and over 3 billion transactions. And the reason why we have 3 billion transactions already is because our smart contracts is so cheap and fast that we use it as the message bus for consensus.” [00:01:59]“We don't have a limit on how big a block can be. There's a block every 400 milliseconds, and it isn't so much that there's a separate block. It's almost like a continuous chain.” [00:06:48]“The hard part is obviously that [because] it is blockchain, everything has to be harder, right?” [00:25:52]LinksSolana - https://solana.com/CoinGecko - https://www.coingecko.com/Solana (SOL) on CoinGecko - https://www.coingecko.com/en/coins/solanaSocial MediaSolana:https://twitter.com/solanahttps://t.me/solanaioCoinGecko:https://twitter.com/coingeckohttps://t.me/coingecko
About this episodeTime is unknown to a computer. Information travels at the speed of electricity or light, so how can time be a part of a computer network? Anatoly, co-founder of Solana, has solved how to bring time to a distributed network with Solana, an incredibly powerful and fast proof-of-stake network. Where to find the showiTunes | Spotify | Stitcher | Youtube | RSS FeedWhat to listen forSupport the showIf you like End of the Chain you can help support the show by doing one of the following:Ethereum: 0xDAb148614f22dDa800cF006Be7932eeEB75AC644Leave a Review on iTunesShare an episode with family and friendsFollow me on Twitter | YoutubeIf you are interested in sponsoring the show please send me an email.Show notes
Ethereum DeFi may soon face some competition from Serum - a high speed decentralized exchange built on Solana! Sam Bankman-Fried (@SBF_Alameda) and Anatoly Yakovenko (@aeyakovenko), founders of FTX exchange and Solana, join us in discussing their joint creation. We talk: What is Serum and why should we care? Building on Solana vs. on Ethereum Layer 2 How can a new DeFi ecosystem overcome Ethereum's network effects? Host: Jason Choi (@MrJasonChoi). If you enjoyed the show, consider tipping! This show is not financial advice; show host and guest may hold some of the assets discussed. BTC: 3EFSLnPpme6Lo6DynN1bVV9owooueFvEmJ ETH: 0xdec40AA30B9C562aB4b839529BfC290C1B5Da61E ** Resources: Borrow and lend crypto at market-beating rates: Nexo.io Subscribe to my essays here: jasonchoi.substack.com **** Musical credits: Transition track: "BHANGER" by Phortissimo. Used with permission Outro track: "LEMMiNO - Infinity [Chill]" is released under a Creative Commons license (BY-SA) 4.0 Music provided by BreakingCopyright: https://youtu.be/uweorwa3q34 Disclaimer: Jason Choi is an investor at Spartan Capital, the hedge fund arm of The Spartan Group. All opinions expressed by Jason and podcast guests are solely their own opinions and do not reflect the opinion of The Spartan Group and any of its subsidiaries and personnel. This podcast is for information purposes only and should not be relied upon as a basis for investment decisions.
The FTX Podcast - Anatoly Yakovenko Creator of Solana
The FTX Podcast - Builders and Innovators in the Cryptocurrency Industry
Anatoly is the creator of Solana. He led the development of operating systems at Qualcomm, distributed systems at Mesosphere, and compression at Dropbox. Notwithstanding the man loves to surf and for someone as intelligent as he is, he's remarkably easy to speak with.
Solana's Anatoly Yakovenko: A Trustless Clock To Rethink Time
The Delphi Podcast
Host Tom Shaughnessy talks to Anatoly Yakovenko, Founder of Solana. They discuss how to make blockchain technology faster, its use cases, and how to accrue value in this space. They also discuss the philosophy behind where blockchain, math, and time intersect. Key Points Processing speed has less to do with hardware than software; it’s the software that currently does not take full advantage of the processing speed some hardware is capable of. Solana is almost like a hardware in itself because other blockchains can run on it if they require the speed and the scale. Technology like Solana allows software to become more flexible. Quotes “There’s a constant trade-off between performance, security, and decentralization.” –Anatoly Yakovenko “Imagine in 1996 if someone told you that the internet was going to become 3 billion people and we’re just going to connect them and get them to share pictures of their cats, and that’s going to be worth half a trillion dollars.” –Anatoly Yakovenko “I think what we’ll see is the projects that will succeed the most are the ones that can cannibalize everybody else. That can actually lift pieces out and start integrating them as fast as possible.” –Anatoly Yakovenko Episode Highlights Solana is a high-performance blockchain that Anatoly believes is the fastest computing possible. Hardware is going to keep getting faster and faster. Most blockchain tech right now works through synchronization, meaning all of the computers worldwide need to talk to each other and synchronize before moving onto the next step. With Solana, each node of the blockchain can run time by itself and timestamp messages with high TPS and without having to be in contact with each other. There are very few collisions, but when there are, they are able to solve them with consensus. It’s essentially a global computer synchronized within 400 milliseconds. Solana is focused on scaling without sharding their layer one blockchains. Anatoly believes DeFi will need hundreds of millions of users before it accrues real value. If blockchains have the need, they will come to Solana; why would someone who’s achieved success building on Ethereum pack up and move to a different platform? But if eventually, Ethereum becomes too slow, then they may have a reason to switch to Solana. One major misconception about Solana is that it’s a single node when really it’s a single virtual clock that is recomputed across many nodes. Another misconception is that validators are too expensive to run on Solana. You can deploy a 1,000 TPS droplet for $5/month. Hardware is flexible; you only have to pay for what you use. Anatoly predicts that the projects that will succeed the most will be the ones that can take the best pieces of other projects and integrate them faster than others. To Anatoly, Solana is an engine of price discovery as a high-performance blockchain. Solana can do up to 30,000 price updates per second. Solana only has one token and it’s used for voting and as a kernel resource. Philosophically, there is no way to physically or even mathematically represent the process of time. Anatoly invites developers to jump in and work on the core code. Support The Show ZenLedger is the official tax software of Chain Reaction for crypto investors and accountants. Get a 15% discount when you use code Chain15. https://bit.ly/3bundEl Resources Mentioned: Chain Reaction Twitter: https://twitter.com/chainpodcast Tom Shaughnessy Twitter: https://twitter.com/Shaughnessy119 ZenLedger is the official tax software of Chain Reaction for crypto investors and accountants. Get a 15% discount when you use code Chain15. Solana website: https://solana.com/ Solana White Paper: https://github.com/solana-labs/whitepaper Solana Twitter: https://twitter.com/solana Disclosures: This podcast is strictly informational and educational and is not investment advice or a solicitation to buy or sell any tokens or securities or to make any financial decisions. Do not trade or invest in any project, tokens, or securities based upon this podcast episode. The host may personally own tokens that are mentioned on the podcast. Tom Shaughnessy owns tokens in ETH, BTC, XTZ, STX, SNX, RUNE, sUSD and HNT. Lets Talk Bitcoin is a distribution partner for the Chain Reaction Podcast, and our current show features paid sponsorships which may be featured at the start, middle and/or the end of the episode. These sponsorships are for informational purposes only and are not a solicitation to use any product or service. Music Attribution: Cosmos by From The Dust | https://soundcloud.com/ftdmusic Music promoted by https://www.free-stock-music.com Creative Commons Attribution 3.0 Unported License https://creativecommons.org/licenses/by/3.0/deed.en_US
Anatoly Yakovenko: Solana - Reaching for the Limits of Blockchain Performance
Epicenter - Learn about Crypto, Blockchain, Ethereum, Bitcoin and Distributed Technologies
The vision of a world computer on which anyone can deploy smart contracts has captured our imagination since the publication of the Ethereum whitepaper. But while Ethereum demonstrated the viability of the concept, its shortcomings in terms of capacity and throughput prevent it from realizing the vision. Today, throughput has become a major bottleneck for widescale adoption of decentralized technologies.Many projects have set out to deliver where Ethereum 1.0 falls short. Most projects, including Ethereum 2.0, aim to create some kind of sharded network with many interoperable chains. Solana may be the only project that went the other way. Through identifying every performance bottleneck for a single blockchain and developing novel ways of removing them, they target to achieve throughput of 50,000 tps.We were joined by Solana creator and CEO Anatoly Yakovenko to discuss Solana's approach to building a web-scale blockchain. We covered some of their novel ideas including proof-of-history and parallelizing smart contract execution.Topics covered in this episode:The performance-obssessed engineering background of the Solana teamThe arguments against sharding for scalabilityThe value of a shared sense of time in a distributed systemHow Solana's Proof-of-History creates a global clock for the networkHow Solana uses GPUs to parallelize smart contract executionHow value could be accrued for the native token if transaction throughput is abundantSolana's upcoming Tour de Sol testnets and launch timelineEpisode links: Solana WebsiteProof of History: A Clock for BlockchainThe World Computer Should Be Logically Centralized - Multicoin CapitalMulticoin Capital: The Separation of Time and State - Multicoin CapitalHow Solana's Proof of History is a Huge Advancement for Block TimeTower BFT: Solana’s High Performance Implementation of PBFTSponsors: Trail of Bits: Trust the team at the forefront of blockchain security research - https://trailofbits.comVaultoro: Trade gold to Bitcoin instantly and securely starting at just 1mg - http://vaultoro.comThis episode is hosted by Meher Roy & Brian Fabian Crain. Show notes and listening options: epicenter.tv/312
16 Solana: Composability at Scale with Anatoly Yakovenko and Eric Williams
Chorus One Podcast
This episode recorded during Berlin Blockchain Week is a discussion between Anatoly and Eric from Solana and Brendan and Felix from Chorus One. The conversation covers Anatoly’s and Eric’s backgrounds and how the founders got together to build Solana. The second part of the conversation then mainly focuses on discussing the value proposition of a blockchain system that can scale without the need for sharding. Finally, the episode goes into Solana’s approach to creating a developer ecosystem, as well as the experience of building a validator community leading up to the incentivized testnet competition Tour de SOL. Solana Website: https://solana.com/ Kyle Samani’s Investment Thesis on Solana: https://multicoin.capital/2019/07/30/the-world-computer-should-be-logically-centralized/ Solana Tour de SOL: https://solana.com/tds/ The other Tour de Sol: https://en.wikipedia.org/wiki/Tour_de_Sol Chorus One: https://chorus.one Chorus One Twitter: https://twitter.com/chorusone Chorus One Telegram: http://chorus.one/telegram