In 2017, Anatoly Yakovenko solved the problem of keeping time between distrustful computers, he had a sudden epiphany that led him to use this experience in scaling distributed networks to create Solana. Not long afterwards, Solana goes live with a capacity of 250,000 transactions per second on a public testnet with 50 nodes. Three years later, Solana has processed over 40 billion transactions at approximately $0.00025 per transaction, unlocking a host of new possibilities for everyday applications for blockchain technology.
In this episode of The Money Movement, Jeremy is joined by Anatoly Yakovenko, Co-Founder at Solana, a Circle blockchain partner.
They cover:
👉 00:00:00 - Intro
👉 00:00:57 - Solana’s critical KPIs
👉 00:04:13 - UX with digital cash payments
👉 00:05:30 - KPIs for the Solana developer community
👉 00:07:38 - The building of payment-related projects at Riptide & Solano Pay
👉 00:12:34 - Problems developers should focus on solving in the development of Solana-
compatible wallets and payment experiences
👉 00:14:20 - Creating incentive models for users in form of stablecoins, payments, and NFTs
👉 00:17:00 - The finance revolution: using defi protocols on on-chain BNPL
👉 00:18:19 - A vision of Circle’s on-chain credit system
👉 00:20:33 - Potential challenges for this credit system
👉 00:24:00 - Consumer protection on returns, chargebacks, and seller fraud
👉 00:26:52 - Solana’s scalability roadmap and architecture for scaling
👉 00:28:19 - The future of crypto adoption and fee markets
👉 00:32:35 - Tooling growth on the Solana ecosystem
👉 00:36:07 - Solana Surprises
👉 00:38:17 - Validator node network growth
👉 00:40:52 - How Solana is aiming to be one of the most secure crypto networks
👉 00:44:32 - The future of Solana
If you’re interested in the Solana ecosystem, developer community, scalability roadmap, or the global adoption of DeFi, NFTs, Web3, tune into this episode of The Money Movement.
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And connect with Anatoly here:
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About the show
The global economy is experiencing unprecedented challenges and change. Business leaders everywhere are grappling with how to transform their companies to become more digital, resilient, and efficient. As we face this change, a new global movement is building around the promise of digital currencies and blockchains — forming a new architecture for the global economy and creating new opportunities for companies everywhere. The Money Movement explores and chronicles the issues and ideas driving this brave new world of digital money.
The Money Movement is brought to you by Circle. Our mission is to raise global economic prosperity through programmable internet commerce. Learn more about Circle Business Accounts and Platform APIs at circle.com.
