The Chopping Block: Anatoly Yakovenko on Why Solana Is Building the SAGA Phone - Ep. 373

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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