Dialogue with Solana CEO: From Garage Startup to Top Public Chain, A Conversation on Solana's Past and Future

Original source: symbiiote X account

Author: symbiote

Compilation: Deep Tide TechFlow

Interview Source:

Daniel Albert (CEO at Solana Foundation) - Full interview

I researched the interview with $SOL CEO Daniel Albert and discovered some shocking information. Here is the past and future of the Solana Foundation.

1. Why did Daniel join Solana?

• Daniel has been following the cryptocurrency industry since 2017 and joined Solana full-time in 2019. All of Solana's co-founders and most early developers came from Qualcomm.

1. Qualcomm Background

• Qualcomm is a large tech company primarily producing chips for mobile phones and networks. Daniel initially did not join Solana immediately because he was working in Antarctica. However, later in 2019, he eventually agreed and joined Solana with 10-12 others.

1. Solana in 2019

• In 2019, Solana had a small office in San Francisco, but they primarily worked in Greg's basement that summer. There, they learned about the hardware requirements for validators and assembled the first validator. At that time, the Solana Virtual Machine (SVM) was still a prototype.

1. Early Development of SOL

• SOL is known for its ultra-fast consensus mechanism and transaction processing speed. These features were tested early on in Greg's home. Subsequently, they moved the equipment to a data center and installed it in racks, marking the first physical installation of SOL validators.

1. About Parallel Execution of Transactions

• Parallel execution of transactions is the main reason for SOL's high TPS (transactions per second). SOL's consensus mechanism is very different from many EVM-compatible networks, and the parallel execution engine allows Solana's environment to scale with hardware, improving processing efficiency.

1. When executing parallel tasks, simply applying more cores can achieve higher parallelism over time.

• As long as people continue to use the internet, the competition among Intel, AMD, and Nvidia will continue, leading to faster chip speeds and improved data transfer rates.

• Solana's speed will also continue to increase.

1. What is Firedancer?

• Firedancer may be the most exciting blockchain project currently on the Solana network.

• Currently, there are two main validators in the SOL network, and Firedancer is a brand new client.

• This client looks at things from the lowest level of hardware.

1. No other project focuses on hardware optimization like Firedancer.

• They have eliminated many bottlenecks, bringing significant performance advantages to this new validator.

• Firedancer is expected to launch on the mainnet in 2024.

1. Token Extensions

• Token extensions are a set of smart contracts. Originally, there was only one token program on Solana, which is SPL (Solana Program Library).

• It is very difficult to obtain advanced features for your token, but with token extensions, many functionalities and behavioral logic can be implemented by a single smart contract.

1. Will this model replace the standard SPL?

• This is an extension of the standard; SPL will not disappear.

• It is expected that people will continue to use it for a long time.

• These functionalities can coexist on the network.

1. How do meme coins affect the Solana ecosystem?

• Overall, meme coins are a healthy phenomenon.

• First, they are fun, and Solana itself is simple, fast, and cost-effective.

• Second, meme coins provide a rich soil for experimentation, just like NFTs.

1. Re-staking Boom

• Daniel holds a neutral stance on re-staking on Solana.

• This concept has various applications.

• However, due to the different architectures of Ethereum and Solana, some people may fall into specific thinking traps.

1. Conclusion

• Solana's speed will continue to improve.

• Firedancer will be an outstanding and unique project.

• Solana will not experience a re-staking boom effect like Ethereum.

• Token extensions will make it easier to create advanced features for tokens.