Transcript
Introduction
Patrick
Today, we're breaking down Solana. Founded in 2017 by an ex-wireless engineer from Qualcomm. Solana is a layer one blockchain like Bitcoin and Ethereum that been built to process transactions as quickly and cheaply as possible where Bitcoin can process about 10 transactions per second and Ethereum around 30, Solana can handle over 60,000 transactions per second and it can do so at a fraction of the cost. Unsurprisingly, Solana's network has attracted huge interest from developers, users, and investors alike over the last year. In this breakdown, we cover the killer app for decentralized ledgers, the history of on chain transaction speeds and the fundamental difference between software and blockchain technology. We then delve into the architecture that has enabled Solana's speed unlock and look at the platform's potential to become a huge piece of the world's financial infrastructure. To help me break down Solana, I'm joined by Kyle Samani, co-founder and managing partner at Multicoin Capital.