The co-creator of Solana (SOL) is revealing his end goal for the high-throughput blockchain and major Ethereum (ETH) rival.
In a new interview with Scott Melker, Anatoly Yakovenko says that he hopes the Solana blockchain’s speed will help it become the benchmark system for all global financial data, eliminating market inefficiencies.
“This is like my science fiction end goal for Solana is that when news travels around the world, state transitions travel at the same speed as news, by the time that news hits a Bloomberg terminal in New York, the price of whatever that thing was reflecting is already being propagated through Solana.
So when a trader looks at a market at NYSE (New York Stock Exchange) or Solana it’s the same price. It means there’s no real arbitrage allowed. That will require a lot of work. We joke that if we have to do it, we will build a neutrino-based communication between nodes to cut through the center of the earth to reduce latency.”
The crypto entrepreneur says in order for Solana to become dominant, a big breakout of adoption of the next big application on its blockchain would be key to making it happen.
“I think the key part that would be awesome and like a win is if we do see that like 100 million user breakout application happen on Solana. And, I don’t know what that is, but, to me, if like the Facebook or whatever equivalent of NFTs [non-fungible tokens] gets built on Solana, that would be, I think, how we win… and what that would mean, I don’t know.”
“I have this belief and a hope that self-custody is so important that if we have 100 million people with self-custody that that becomes a transformative force, almost like a global voting block around the world, like, what if 10 million people decide to buy every coal plant and shut it down? Like the Constitution DAO [decentralized autonomous organization]. The possibilities there are pretty endless and pretty wild.”
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