2018
Yakovenko says the Solana project was started around the end of 2017 and the start of 2018.
“The project was started kind of end of 2017, start of 2018.”
Topic
Solana
16 facts from 2 episodes, in date order. These are what speakers said on the shows, each linked to the moment it was said. They aren't independently verified.
2018
Yakovenko says the crypto funds that had committed money to Solana collapsed during the crash that followed the 2017 boom, just as the team was raising.
“the funds that were committed to us like blew up in front of our eyes”
Undated
Yakovenko says building Solana took about two and a half years, longer than the one year the team had initially expected.
“It actually took a little longer, like two and a half years to do it.”
Undated
Yakovenko says Foundation, Slow Ventures and Multicoin backed Solana and stayed with it through every raise.
“Foundation, like Slow Ventures, like Multicoin that actually backed us and stuck with us through every raise.”
Undated
At the time of recording, the total market cap of the Solana protocol was about $10 billion.
“the total market cap of the Solana Protocol is about $10 billion.”
Undated
Yakovenko says Serum, a central limit order book exchange on Solana, processes about 20 million transactions per day with far less capital and volume than Uniswap.
“that does 20 million transactions per day, but for much smaller amount of capital and volume.”
Undated
Yakovenko describes conceiving proof of history in a late-night realization that a proof-of-work-style hash puzzle could be run slowly and sequentially to prove time passing.
“up to 4am and I had this like kind of eureka moment that puzzles similar to proof of work”
Undated
Yakovenko attributes Solana's speed advantage over Tendermint and other proof-of-stake networks to pre-scheduling validator turns instead of having each step wait on checks.
“And that difference between going from turn-based to the scheduled system is why Solana is faster than Tendermint or all the other proof-of-stake networks.”
Undated
Yakovenko says Solana was benchmarked at about 50,000 transactions per second, with peaks over 65,000, under ideal conditions.
“we've benchmarked this at about 50,000 TPS with peaks over 65”
Undated
Yakovenko says each Solana validator needs about one gigabit of network input and output, which he says could in theory support around 700,000 transactions per second.
“you need one gigabit of input and output per validator”
Undated
Yakovenko says the decentralized music platform Audius, built on Solana, has about 4 million users, mainly through electronic dance music artists.
“There are 4 million people using Audius. It's amazing.”
Undated
Yakovenko says he demoed Solana's break demo to FTX founder Sam Bankman-Fried, who then wanted FTX's engineers to see it.
“And I demoed this to Sam and he was like, okay, everyone else needs to see this.”
Undated
Yakovenko says Solana began with about 40 dedicated validators who stayed through a first launch that crashed after 20 minutes and a second that crashed after two hours.
“just 40 of these dedicated people that were just there through our first launch that crashed in 20 minutes. The second launch that crashed in two hours.”
Undated
Yakovenko says Android has about 5,000 engineers costing roughly a billion dollars a year, which he uses to argue Solana must rely on a grassroots community of builders.
“There's 5,000 engineers working on Android. 5,000 engineers cost a billion dollars per year.”
Undated
Eich says Brave's next-generation ad system, Themis, aims at Solana and uses zero-knowledge proofs to verify ad performance.
“So our next generation ad system, which is aiming at Solana is called Themis.”
Undated
Eich says Brave made Solana the default chain for multi-chain dApps when neither the app nor the user states a preference.
“We agreed to make it the default for multi-chain dApps where they don't express a preference for default and the user doesn't.”
Episodes