Welcome to The Chopping Block! Crypto insiders Haseeb Qureshi, Tom Schmidt, and Tarun Chitra chop it up about the latest news in the digital asset industry. In this episode, Anatoly Yakovenko, Tsar of Solana, joins the show to discuss the use cases of Solana, whether it’s actually a blockchain, how Solana scales, and much more!
Show topics:
What Anatoly thinks of Andre Cronje's opinion that Solana is not a blockchain
Why Solana has had so many instances of downtime
Whether Solana is the NASDAQ of blockchains
Why Solana changed its approach to fee markets and how it is different from other blockchains
Why Anatoly is bearish on generic Layer2s
How to prevent a mempool to blow up
Whether Anatoly is pro app-chains
Why Anatoly would have had Solana build a fee model from the start
What proof of history is and what its problems are
How vertical scaling and horizontal scaling differ
What the use cases of Solana are
Why Solana decided to build the SAGA phone
How a web3 phone enables new ways of innovation
Why Solana doesn’t see Avalanche or BSC or other EVM chains as competitors but Mysten and Aptos
Why the execution environment is where all innovation happens
Why Tarun thinks rollups on Solana is a good idea
Whether EVM could work on Solana and why Anatoly cares less about EVM on Solana than Solidity
What Anatoly’s biggest lessons from building Solana are
Why Haseeb admires Anatoly and what the similarities are between him and Vitalik
What Anatoly advises people who are building in crypto
Hosts
Haseeb Qureshi, managing partner at Dragonfly Capital
https://twitter.com/hosseeb
Tom Schmidt, general partner at Dragonfly Capital
https://twitter.com/tomhschmidt
Tarun Chitra, managing partner at Robot Ventures
https://twitter.com/tarunchitra
Robert Leshner, founder of Compound
https://twitter.com/rleshner
Guest: Anatoly Yakovenko
Twitter:
https://twitter.com/aeyakovenko
Episode Links
Solana
Serum:
https://www.projectserum.com/
Some of the Solana outages and consequences:
September 2021:
https://www.coindesk.com/markets/2021/09/14/solana-validators-ready-potential-restart-amid-blockchain-outage/
January 2022:
https://www.theblock.co/post/131278/traders-are-complaining-about-solanas-performance-raising-questions-about-its-status-as-a-wall-street-darling
May 2022:
https://www.theblock.co/linked/144639/solana-restarted-after-seven-hour-outage-caused-by-surge-of-transactions
Solana’s blockchain clock 30 minutes behind:
https://www.theblock.co/post/149112/solanas-blockchain-clock-loses-track-of-time-now-running-30-minutes-behind
June 2022:
https://www.coindesk.com/tech/2022/06/02/solana-halted-by-bug-linked-to-certain-cold-storage-transactions/
Popularity of NFTs on Solana:
https://www.theblock.co/post/153214/magic-eden-raises-series-b-funding-solana-nft-unicorn
Solana phone
https://solana.com/news/saga-reveal
https://dune.com/queries/952048/1656567
https://www.coindesk.com/business/2022/06/23/solana-labs-is-building-a-web3-mobile-phone/
Fee market:
https://www.reddit.com/r/solana/comments/u3p8xc/eli3_solana_fee_market/
Aptos/Mysten:
https://www.coindesk.com/business/2022/07/11/web-3-startup-mysten-labs-aiming-for-2b-valuation-in-latest-funding-report/
https://www.coindesk.com/business/2022/05/31/paypal-ventures-invested-in-team-reviving-diem-blockchain/
Paper on Proof of History:
https://www.shoup.net/papers/poh.pdf
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