SOL Founder Looks Back on Solana’s Initial Vision: Insights

Exciting news! The co-founder of Solana labs, Anatoly Yakovenko, recently shared a fresh perspective on the Solana blockchain’s original vision in a tweet. This perspective goes beyond the typical focus on maximum throughput.

“Toly,” as Anatoly is known on X, highlighted that Solana was not created solely for high throughput. Instead, its main goal is to synchronize state globally as quickly as the laws of physics allow.

Solana is a revolutionary open-source blockchain that aims to synchronize global information at lightning speed. It puts a strong emphasis on latency and throughput, even at the expense of some verifiability. Key features, like the unique proof of history (PoH) timestamp mechanism, Turbine block propagation protocol, and parallel transaction processing, enable Solana to achieve its goals.

This enlightening insight from the SOL founder follows the latest CoinGecko report, which crowned Solana as the fastest large blockchain. On April 6 this year, amidst meme coin frenzy, Solana set a new daily average transactions per second (TPS) record of 1,504.

Solana outran Ethereum by a whopping 46 times and surpassed Polygon, the leading Ethereum scaling solution, by over five times in TPS. Despite its reputation for high throughput, the SOL founder stresses that speed was not the primary aim. The true focus was on creating a blockchain that could efficiently synchronize global state.

According to CoinGecko, Solana has only realized 1.6% of its theoretical maximum speed of 65,000 TPS, facing network congestion due to increased transaction volume. The future holds the promise of achieving greater real TPS with planned enhancements.

Currently, SOL, Solana’s native coin, ranks as the fifth largest cryptocurrency, valued at $74.74 billion and trading at $166.54. Exciting times ahead for Solana!

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