The Solana (SOL) co-creator reveals his ultimate goal for a high-throughput blockchain and major Ethereum (ETH) rival.
Scott Melker in a new interview with Anatoly Yakovenko To tell He hopes the speed of the Solana blockchain will help eliminate market inefficiencies and become the benchmark system for all global financial data.
“My sci-fi goal for Solana is that as news travels around the world, state transitions move at the same speed as the news, and by the time the news reaches a Bloomberg terminal in New York, whatever the price of the item, , the reflection has already propagated through Solana.
So when traders look at the NYSE (New York Stock Exchange) or Solana markets, they are the same price. In other words, true arbitrage is not allowed. It will take a lot of work. If I had to, I joke that I would build neutrino-based communications between nodes to cut through the center of the earth and reduce latency. “
For Solana to become dominant, crypto entrepreneurs say the big breakout of adoption for the next big application on the blockchain will be the key to making it happen.
“I think if Solana had a breakout application of 100 million users, it would be an important part of it, like a nice win. if you like what you do [non-fungible tokens] I think that’s how we win if it’s built on top of Solana…and I don’t know what that means. “
“I have a belief and hope that self-custody is very important. If 100 million people have self-custody, it will be a force for change, like a global voting bloc all over the world. Will 10 million people decide to buy and shut down all coal-fired power plants? Like the Constitution DAO [decentralized autonomous organization]The possibilities out there are pretty endless and pretty wild. “
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