Solana Deep Dive with Co-Founder Anatoly Yakovenko

0:22 What is Breakpoint?
0:42 Why is Solana unique?
2:14 Major Announcements
4:02 Firedancer in 1 sentence
4:19 Smart wallets on Solana
6:09 Compressed NFTs
9:02 Solana ATH?
11:19 Adoption
12:30 L1 Race and Ethereum
14:56 What's next for Solana?
16:29 Challenges Ahead
17:29 VC Coin
17:58 Running a Node
19:38 Centralized?
20:09 Ethereum vs Solana
22:53 Outages
24:06 Coke or Pepsi?
24:22 Next Hackathon
25:14 Signing the Saga
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[@user-xc9os7rc6u]

i cant stand solana after ftx but this guy is very good speaker

[@Spludda]

A couple of years ago, wasn't it the case that the Solana blockhain was becoming too large for validators to store, and so Arweave was brought in as decentralised storage to remove the need for validators to have the full copy? I think I heard that that partnership ended, but didn't understand what a new solution would be. Here Anatoly is saying that validators do keep an entire copy, so what is the size of the blockchain now, and how will validators be able to keep a copy of a chain when the tps increases to tens or hundreds of thousands?

[@kasseen]

good question, I would like to know as well

[@wonklabs634]

he didn't said they're keeping a full copy of the chain, they keep the full state.

[@sur83848]

History is different than current state … historical store will be provided by certain parties but obviously it requires a lot of storage

[@Spludda]

@@sur83848 Aha, can you point me towards a source which explains how this works and will play out going forward?

[@Spludda]

@@wonklabs634 Are there decentralisation issues involved in how these two aspects relate to each other? I don't see anyone talk about this, and perhaps it's technical to a degree that's hard to explain to a non-programmer?

[@ceejay8391]

Solana will do VERY well in the future.... well... unnless, folk start noticing the tech of ICP. ICP is a beast and doesn't need AWS. Fortunately for Sol the money doesn't always go to the BEST tech.😂

[@TJ-rn5ym]

Bad shill brother

[@victortzonev4486]

The market knows best, brother

[@marcl3928]

lmao the ending

[@jamesprisby6299]

What the fuck right lol

[@aklick8436]

Hmmm, sounds like Solana would be great for digital baseball cards, Pokemon cards, etc. to the masses.

[@AndyLowe-net]

i would never spend any significant funds to buy an NFT on a chain that can be turned off. If you want a real decentralized trading card game go check out BlitzTCG on Ergo. The only point of owning digital assets is if its safe and secure and will survive long term. Block times dont matter if the game runs on a layer 2 or you only need to verify at the start that you own the assets in your wallet to then comence the game.

[@xpublicenemyo]

16:10 we are early guys

[@xpublicenemyo]

Solana to $1000 is programmed in the protocol

[@cwpv2477]

Sol ppl miss the whole point of crypto cause most of em just got here in 2019 and couldn't even understand the TVL and revenue and upholding problem sol faces with growing state and low fees. tech autocrats with a one state solution chain backed by in-q-tel since 2016 no ty, wake up folks. If its not decentralised, its just a short term compromise for greedy ppl to attract short term solution seekers to extract value from. Just like the pos of sol is simply wealth transfer from non stakers to stakers since there is no burn.

[@T4T4]

There's a platform out there that already achieves the consumer facing side, such as social finance - it's called Calaxy, and it's built on Hedera.

[@CryptoSteve-O]

I challenge any SOL hater to actually use the Solana blockchain....and then after you realize how fast and cheap it is, hopefully the lightbulb will come on. AWS, Visa, Circle, and Shopify all chose Solana....so did I.

[@MaxOut931]

Yup, exactly! I remember my first time using Ethereum and even though it felt great, it was also utterly confusing and there was so much friction overall. Solana is miles ahead of Ethereum, when it comes to user friendliness for the masses. I still love Ethereum of course :) but Solana is the way

[@privacyowl]

I don’t think any genuine criticism for Solana comes from how slow the blockchain is to use or how bad the technology is. The criticism is about how centralized it is, how often the entire blockchain can shutdown, how it can almost fall apart if one big VC goes bankrupt, etc.

[@MaxOut931]

@@privacyowlnot invalid points from you, but they are thriving despite their close association with FTX and Sam Bankman Fraud, so this speaks for Solana in my opinion and I’m convinced that they would survive any of their VC investors collapsing. The centralization criticism is something that only matters for crypto diehards, but it’s irrelevant for the broad masses and Solana is focusing heavily on enabling and launching consumer products, so I personally see their slightly more centralized architecture as a perk more that anything, because it helps them to get these amazing TPS numbers. The broad masses don’t care about centralization, in fact they don’t even know what it means. Consumers care about frictionless UX, transaction cost and speed, and Solana excels in these compared to other chains. The fact that they have 100% uptime this year also shows that they are able to fix things when they are broken. For consumer-facing products, Solana is the best option at the moment, but that’s just my personal opinion.

[@CryptoSteve-O]

@@privacyowl Firedancer and other software updates fixed these issues. The FTX VC money left. Retail is buying it now.

[@oshobaadu6272]

@@privacyowl Remember kryptokitties on Solana?

[@Sb20222]

Can we all just acknowledge that ETH is kind of garbage…lipstick on a pig a bandaid on a fatal wound. All of ETHs innovation in recent years has been about the migration to POS and just getting to the baseline where all the other layer 1s POS started. The UX and fees on ETH are pathetic and layer 2’s is a clunky cumbersome solution. I own a bunch of ETH but it’s absolutely unusable. At some point developers are going to say “fuck this” and leave just like DYDX to Cosmos. I don’t care about “first mover advantage” bc everyone knows it sucks haha. I’m not fully on board with SOL as my only other layer 1 but it’s def getting my attention as is Cosmos/Atom.

[@cwpv2477]

sol is not decentralised, without that u will never be credible neutral and censor ship resistent so it is literally the same as building tradfi apps. Sol ppl miss the whole point of crypto cause most of em just got here in 2019 and couldn't even understand the TVL and revenue and upholding problem sol faces with growing state and low fees. tech autocrats with a one state solution chain backed by in-q-tel since 2016 no ty, wake up folks. If its not decentralised, its just a short term compromise for greedy ppl to attract short term solution seekers to extract value from. Just like the pos of sol is simply wealth transfer from non stakers to stakers since there is no burn. L2 is easy af and instant through multiple protocols and has more tvl then sol lmaoooo

[@TUGAN_ETH]

the destroyed Solana phone at the end was painful to watch !

[@Bossanovawitcha]

“centralized” is any network that bankster can flex on and control fork development

[@GrinningMongoose]

something seems off here

[@Ariel-oo1nc]

lol I'm betting Anatoly is not invested in Helium..

[@antonyjones2773]

Has sol stopped working ?

[@bitcoinrealitytv8571]

Eth maxi smashes Sol phone to humiliate Sol founder by pretext of asking for an autograph.

[@111dcormack]

40 petabyte blockchain? Ask your nerd buddy if he could download that for a node. Hdd cost and time. Laughable.

[@gordyhydro5774]

Cardano, one coin to rule them all!!

[@xpublicenemyo]

19:15

[@Constant.Circles]

SOYLANA 😂😂😂😂

[@cwpv2477]

its centralised cause this mfer got not close to as many validators and most are centralised havens and sol as person is easier to force from legal standpoint and could never withstand the pressure of governments, Its ok to say that. Sol can still flourish as gaming chain. But not as ownership base layer.

[@cwpv2477]

also what about dev access? lmao

[@BoredBricks]

What makes it great is if it makes you a millionaire.

[@smorisete8576]

CALAXY already achieved this built on HEDERA 😅

[@cwpv2477]

tech autocrats with a one state solution chain backed by in-q-tel since 2016 no ty

[@stronghold1771]

ICP Crypto blows this shite into space

[@cryptokeeper1]

Can you describe decentralization HaHa HaHa what a joke Crapona😅

[@azred256]

Looks fake show the math.

[@hgcgvvcc]

Lmao its fast, its blah blah 😂😂

[@icXINE]

Sol is a centralised vapor coin that just pumps meme a d shitcoins

[@gotothemoon5108]

Decentralisation is essential but hard to achieve. SOL chain is not reliable because of the centralisation.

[@kasseen]

Decentralization is subjective and a always evolving metric. Its the technology that enables the decentralization is what's most important

[@MaxOut931]

also consumers don’t care about decentralization. They care about cost, speed and network robustness. I’m not saying that decentralization doesn’t matter, but consumers don’t care about it. Solana is definitely decentralized enough.

[@Darkmaiki]

Define decentralization. Solana is good in many of the metrics used for decentralization. And in others it’s improving. It’s actually probably the second PoS most decentralized. But of course, it depends how you define it. For example, for me bitcoin isn’t well decentralized when 4 mining pools, controlled by 3 companies, two of them Chinese, have more than 50% of the hash rate. And yes, this is a vulnerability. There are several academic papers about this particular topic

[@swipernoswiping3053]

Stop coping 😂😂😂😂

[@polish2x91]

Dude that line of we haven’t needed scalability since Solana… like bro, your network crashed several times and if a now 7 time convicted fraudster didn’t keep you alive Solana would be gone

[@BuyingDaDip209]

Did you know Ethereum WAS HACKED!!! It was not a SBF dude manipulating the price. Like Ethereum was LITERALLY HACKED... its how they had to start over.. FORK Ethereum to a mew design and low and behold, its how we got Ethereum classic. You must be new around here... but so some research. Go and learn about "the hack that nearly killed Ethereum"... and its funny because after all of that. Now the narrative wirh ETH is that its sooooo secure right?? WhT about that hack?? Like i mean dude, if your design gor hacked, like would you be confident in that system? But... because Ethereum is stabilized and its been around for almost 10 years, people LIKE YOU... come into the space, not knowing what the hell you're talking about. Its why Solana is adding clients.. Solana been up and running for 8+ months. Want to know why ethereum doesnt crash? In 10 years they have implemented 4 validator clients. Solana is barely going to add a second one. So... what im saying is... do your research and dont speak on things you have no idea about.

[@Letsgoback2thefuture]

​@@MaxOut931 CARDANO of course that's not even a question

[@Letsgoback2thefuture]

@@MaxOut931 statement shows how clueless you are 🤣🤣🤣🤣

[@MaxOut931]

@@Letsgoback2thefutureif you hold ADA, it just means that your wife‘s boyfriend does not allow you to eat any of the ham in the fridge

[@Letsgoback2thefuture]

@@MaxOut931 okay boss

[@Airouh]

why are you guys suddenly going for the bandwagon with SOL? curious. thought this was an ETH-centric channel

[@MaxOut931]

Solana just does it best. Makes sense that they would cover it. Super cool founder too!

[@Airouh]

@@MaxOut931 im joking. im a soylana manlet as well dude. it's just funny when the ETH maxis start to bandwagon.

[@MaxOut931]

Haha yes, bullish!

[@crypt0gh0stph38]

Most delusional projects in the ecosystem 1. CARDANO 2. XRP 3. HEDERA

[@jabezdasal1458]

thanks for sharing. im here bcoz of @mrfishvlogs

[@muchomacho79]

This guy defo smokes weed.

[@muchomacho79]

(reply to self) and he's brilliant. Buy the gawdamn, pretty much non existent dip!

[@Agastya_Muni]

Solana is uniquely positioned to rip you all off all your money again.

[@CAMRA_GUY]

#PulseChain is #RealDefi

[@kujavse]

Toli seems like he's getting arrogant and condescending or is that just me lol

[@wonklabs634]

I think you're misinterpreting his laugh, he's always laughing, but that's his personality.

[@whitemandarin2043]

That is just you lol.

[@oshobaadu6272]

He looks a bit like Putin.

[@NishanChaulagain-qm9sw]

$DRC Dracula token d