Is Solana (SOL) the Ethereum Killer? w/ Anatoly Yakovenko (Ep. 362)

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Anatoly Yakavenko is the co-founder of the Solana protocol (SOL) which claims to solve the biggest problems facing blockchains like Bitcoin, Ethereum, Cardano and others. Rather than proof of work or proof of stake, Solana is pursuing what is called proof of history.
Anatoly on Twitter: / aeyakovenko
solana.com
Solana on RU-vid: / @solanafndn
Timestamps:
00:00 - Intro
00:58 - Pros and Cons of Proof of Work
6:50 - Solving for peer-to-peer information flow vs store of value
12:00 - Transactions per second on Solana
14:28 - Cost per transaction on Solana
15:40 - Smart contracts on Solana vs EVM (Ethereum Virtual Machine)
19:12 - Is there a need for Ethereum 2.0?
22:40 - Maximizing censorship resistance as unique priority for Solana
30:38 - Bitcoin lightning network?
31:45 - Future of payments?
40:25 - Thoughts on Dogecoin
42:10 - How important are memes/community vs technology?
46:10 - Problem Solana is solving
54:22 - Transaction fees and scalability
56:10 - Weaknesses of Solana
1:03:35 - Proof of history (vs proof of work and proof of stake)
1:17:44 - Can Solana be hacked?
1:21:18 - Bitcoin energy consumption
1:27:30 - Proof of stake challenges
1:30:00 - Other interesting blockchains - Cosmos, Bitcoin, Ethereum
1:33:27 - Are we in a short-term crypto bubble?
Disclaimer: At time of this video recording, my crypto holdings are ADA, ETH, BTC.
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27 июн 2024

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Комментарии : 183

@michaelrytel2389 3 года назад

Toly is the nicest and most down to earth guy in the industry. Devs love working with him.

@blinzi69 3 года назад

dont get how you could hate on anatoly - hes so cool and chill and explains stuff in a very entertaining fashion, the fact that hes constantly laughing makes him likeable, not the other way around.

@Steph1 2 года назад

The only issue I have is that he’s not clear on any vision: there’s tonnes of projects that optimize for speed but he says that Solana is the only one and then laughs as if he has a monopoly already. Comes across pretty arrogantly IMHO. Am I seeing this wrong?

@drhorsey 2 года назад

Who cares whether he is nice or not… what’s the substance of Solanas proposition and the flaws of Ethereum in his eyes.

@blinzi69 2 года назад

@@drhorsey just listen to some of his debates with ethereum people and you will know. dudes a genius.

@scooterwoodley195 2 года назад

@@Steph1 I also question ANYONE’S judgement when they say we should ban all fossil fuels tomorrow. That is absurd and would crash the world economy.

@fido5067 2 года назад

@@Steph1 yes you are.

@jacobjche 3 года назад

Anatoly - a genius hiding under the sol of a surfer dude

@fgabrieltomas 3 года назад

If it's a proof of history then call my wife as she remembers EVERYTHING! 🤣

@RS_Spoon 2 года назад

I'm surprised this comment doesn't have more likes. Thank you for making my day! Long term $SOL holder here.

@3joez3 3 года назад

Awesome interview. Thank you, Dave

@gdnasp6359 3 года назад

Just awesome. The info was terrific and clear and understandable. I am so keen to see SOL move ahead to mass levels. This is the type of interview I enjoy: open, fun, free flowing and informative - thanks Anatoly and Dave!

@jordisolf 2 года назад

I hope you two revisit this soon. Great insights

@olmex369 3 года назад

Excellent information Dave. Great questions! Thank you so much. Thank you Anatoly for taking the time and the excellent breakdown you gave. Awesome show!

@waiwaitours6167 2 года назад

Aloha Dave. Thanks for this interview. I come to understand much more about SOL. I am so interested about intention of SOL community development. I watched twice and still a lot to digest. I may watch again to review and understand difference value of other cryptos. I like the proof of History that is a unique feature of SOL. Thanks again. BYW I was in TSLA since 2018. I made enough $ to invest BTC in 2020. SOL is my next thing till 2022. I hold TSLA, BTC and SOL.

@jeremyPieLover 3 года назад

Great interview Dave!

@0xdibu 2 года назад

Really good interview, sounds like Solana is focused on a product to maximize flow of information. He made it sound like ETH has more ambitious goals, which I think is positive as a long term investor. Bullish on both.

@thePlum 3 года назад

this was a high level podcast Dave! 🧠💎💭

@luminadoDoBronx 3 года назад

shout out to Dave he really tried to follow Anatoly here

@emibw 3 года назад

Thank you for this interview Dave! I hardly understand anything of what Anatoly says, though. 😅 He's not very good at explaining his craft in an accessible and key ideas focused way. I'm glad you paraphrase his answers. As I've suggested before, I'd love it if you made synopses with key takeaways from your excellent interviews.

@luminadoDoBronx 3 года назад

i found it quite easy to follow

@cheddarfodder 3 года назад

@@luminadoDoBronx have a gold star ⭐

@emibw 3 года назад

Good for you. I don't think a lot of people did, especially non-programmers.

@deAndaJake 3 года назад

I couldn’t follow him. This is why I like Cardano and Charles Hoskinson and how he explains things

@jchong416 3 года назад

It's so hard to decide the right protcol as a layman. Can you do a video on the best ways to invest in defi. I'm interested but don't know where to allocate capital

@petchlnwzaaa 3 года назад

I’d diversifying between protocols if I were you. It’s still pretty early so it’s hard to know who’s the winner. Also I think this will not be winner take all situation but it’ll be the situation where blockchains co existing and every blockchain have its own ecosystem. Edit : My suggestion for you is to look into SOL, AVAX, DOT and ADA.

@GaminHasard 3 года назад

Nobody knows the future. Buy them all. DCA into them. Think in 1 -2 trillion market caps for these protocols.

@0xd3960b 3 года назад

if your looking for DeFi exposure, just buy an index like DPI. and ignore ppl that tell you to look into defi on ADA like the comments below lmfaoooooooooooooooooooooooooooooooooooooo all defi innovation is on Eth atm

@Zacharyyyy89 2 года назад

@@0xd3960b Have you bought DPI bro? Thinking of grabing some but a bit uncertain around the whole index token space

@0xd3960b 2 года назад

Naw i don't use it

@allandehn 2 года назад

Loved this! Any scheduling done on a new interview with Anatoly?

@sirjeffrey222 3 года назад

Excellent thank you! 🙏

@Cardroid 2 года назад

great interview and great questions.. thanks!

@jonsnowland5290 2 года назад

A rare interview for Dave where the details were so high level they just went over his head. Good one nonetheless kudos

@bokudou 3 года назад

great interview dave!

@drustan6890 3 года назад

dave would you be interested in interviewing Do Kwon of Terra luna? even though Ark invest has interviewed him, would be great to get your perspective.

@petchlnwzaaa 3 года назад

Great interview as ever ! I like the way you try to introducing all these smart contracts infrastructure blockchain to your audience. I’d recommend have Emin Gün Sirer from Avalanche as your guest too. He’s one of the OG in blockchain industry. Their Avalanche consensus mechanism is one of the most innovative since Nakamoto consensus of BTC. Their system is so flexible that you can have any virtual machine run on it. Basically they can run any blockchain as subnets on Avalanche.

@fido5067 2 года назад

Dave you are the Conan of youtube. Great interview.

@haloforce1395 3 года назад

nice one dave well done big thank you

@aladyway4440 3 года назад

Thank you!

@GDMartin 3 года назад

insane video quality danmn

@beltstst 3 года назад

Dave great interview, brain is hurting, still , no pain ,no gain!

@FlightDeckGA 2 года назад

Thank you Dave

@michaelsnow2781 3 года назад

This was a great interview. Anatoly’s breakdown between Proof of work, Proof of Stake, and Proof of History was 💡. Would have liked to see a bit more discussion around SOL vs. ADA.

@Steve-yz9uo 2 года назад

Nailing it as usual Dave

@GDMartin 3 года назад

45:33 lmfao!!! the pit vipers xD

@ipaak2035 2 года назад

Thaks Dave, we need to know much more about cryptos. This new era is incredible!

@retromograph3893 3 года назад

Probably Dave’s most important video ever ....

@tlz8884 3 года назад

kudos to Dave for translation. This Solana guy is so hard to listen to.. he says stuff without getting to any point directly.

@karlbooklover 3 года назад

didn't hear a good argument, just assertions

@BrightBassey007 2 года назад

Ethereum has gifted us with smart contracts. But it has also brought with it high gas fees. I'm more concerned with security, though. That's why I advocate 0xGuard security audits for smart contracts. The Solana network is beginning to benefit from them too.

@alexleung842 3 года назад

Solana is the one to beat. Yakovenko should have been more beginner friendly for this audience though.

@cheddarfodder 3 года назад

This is genuinely a concern in my opinion. Same issue with Algorand. The masses will follow visionary leaders who know how to market their product best and make it accessible.

@alexleung842 3 года назад

In the long run the best tech will win though so I'm not too concerned. If anything it gives us more time to accumulate our stake in the superior systems.

@cheddarfodder 3 года назад

The world is littered with examples of interior tech winning out, though I do hope you're right. I expect we'll see a few chains interoperating but it's still early. I also have some concerns with solana's tokenomics, from what I've read. Impressive what they have built though.

@kbreez5834 3 года назад

Lol you need to study history if you think the best tech always wins. Very cool project nonetheless

@alexleung842 3 года назад

True that often times the inferior tech wins, but with this space the difference in capabilities between some of these L1s is so dramatic that I think the superior tech will actually win this time around. With other protocols in the past, you could more or less get the same things done with an inferior alternative. JavaScript is the worst language ever but it got the job done. Meanwhile there's no way a high speed CLOB will ever run on Ethereum or Cardano for that matter.

@thomascummings7589 3 года назад

Thanks for trying but couldn’t really understand what he was talking about most of the time.

@tayya7371 2 года назад

Sold everything and keeping only SOLANA

@deemahdee 3 года назад

Dave, can you try to get Peter Theil on your podcast?

@hypocriticalsatire3966 2 года назад

Ok. Why is this video being livestreamed on hacked channels

@philipk5873 3 года назад

dude looks so tired from mid-interivew on! dave really pushed him for our benefit lol

@cheddarfodder 3 года назад

It was great, he asked some really pressing questions.

@philipk5873 3 года назад

@@cheddarfodder totally agree

@crypt0gh0stph38 3 года назад

To all those that dont understand: Solana only needs hardware(gpu) to fix if there’s a lot of transaction that’s flooding the network. While eth needs eth 2.0 which still they cannot deliver. And if they will deliver, they cant still keep up with solana’s scalability because of the 100,000 chicken approach where 100,000 raspberry pi will verify the transactions of the network. Meanwhile a single rtx 3080 will verify a transaction for around 300k transaction per second. Proof of history is an innovative approach where when there’s 100,000 tps or more, the block producers will still know which transaction goes first and which transaction is telling the truth.y

@dannyiskandar 2 года назад

So it's solving the MEV problem? Prioritizing which order comes first or second ...

@Barone2013 3 года назад

What are the trade offs for Solana? Talk about Solana, lot of time is spent talking about Ethereum and that gives the impression, you need Ethereum to validate your existence.

@Barone2013 3 года назад

What are the weaknesses of SOLANA, you are not telling the whole story, you can’t be speaking for Ethereum. You should get Vitalik and then call the Solana guy, he can’t be speaking for Ethereum

@aamrollahi 3 года назад

Seems like u have a big Ethereum bag boy, calm down

@Barone2013 3 года назад

@@aamrollahi Sorry mate, I don’t hold any of these tokens. Dave has very high standards in his most of his interviews but this was very disappointing. Wanted to get what’s special about Solana as there is a lot of fuss about it at the moment, but couldn’t get a thing. What is so special about Solana, what did you get from his pitch? He was unable to directly pitch his product within 60 mins. It’s not all about price.

@aamrollahi 3 года назад

I dont understand why yo uare irritated about him talking about ethereum. First of all the interviewer is asking the question. Secondly ethereum is clearly and by fat the best known project out there. So if he avoided talking about ethereum u would come and say ooh what about ethereum though. So stop with these nonesense comments. When vitalik comes u can ask him about other projects like solana too.

@aamrollahi 3 года назад

And moreover did u not listen to the interview. The guy fucked himself to explain what his advantages to ethereum are. Million times cheaper 1000o times faster. Then he talked abou the conpromise that they need hardeare data centers and bandwidth for validators. Ethereum needs a laptop to run a node they need servers. He explains much mire if u actually take the time to listen instead of writing these bs comments

@Barone2013 3 года назад

@@aamrollahi He has 1 hour to pitch his project as a founder in very clear terms and he can’t. Dave struggles to get his points. No worries mate, it’s was just my opinion. We all have different levels of expectation. If you get invited as a founder, it’s because everyone wants to know about your project period. You don’t invite Elon Musk and he talks about Mercedes for more than half of the time. You don‘t invite Vitalik and he spends his time talking about Binance or Cardano.

@PvMLad 3 года назад

Interview Emin Gün Sirer on this show!

@alexleung842 3 года назад

Yes please. But when he calls Solana centralized make sure to tell Emin that he's full of shit.

@harold0723 3 года назад

For the end user .solana is Way faster and cheaper than ethereum . I have been trading in solanas dex (serum) and it is impressive . Instant transactions. . I don't get why people are so bullish on ethereum with this crazy gas fees and slow transactions.

@officialdropnation 2 года назад

❤️

@MasKpt 3 года назад

You should match the quality of your content with the video titles and thumbnails. Doesn't have to be so clickbait imo

@GDMartin 3 года назад

all it needs is "questions and answers with SOLANA Anatoly" we al click lol

@Goldenpill 3 года назад

I like the chicken and horses comparison :D

@RoschetzkyPhotography 3 года назад

And I thought I was just a beginner when my mics don't work, can happen to anyone

@sirus312 3 года назад

its an interesting project. Right now ETH has all the devs. They might work in tandem.

@alexleung842 3 года назад

mainstream devs will prefer to work in languages which can target LLVM (almost all major ones do) whereas Eth devs are constricted to Solidity. I think this Eth has all the devs narrative won't last much longer

@Barone2013 3 года назад

Solana only achieves this through put by being very centralised, basically a trade off to decentralisation

@Goldenpill 3 года назад

Every project is/was centralized in the beginning. Decentralization is a process of growth. Or at least it has been in the other decentralized projects. Solana is still just very young.

@Barone2013 3 года назад

@@Goldenpill So What are the trade-offs of Solana,? there is always some trade-off. You get a guy from Solana and he spends most of the time talking about Ethereum, he couldn't pitch Solana in simple terms so always going into some comparison, stating what Ethereum is(in his opinion) and what Solana is. For such a debate you can get Vitalik to speak for Ethereum and he can speak for Solana. Then you get a real debate. Solana is going the route of hardware optimization (like the centralized cloud providers), has no virtual machines like Ethereum, meaning it will never be decentralized and has no intentions. You need this centralization for hardware optimisation and speed.

@anms2023 2 года назад

I would love to see a podcast with Anatoly and Eric Weinstein discussing PoH .

@vedantsorya1238 3 года назад

they should give him a whiteboard so that people like me could understand.

@ajmalrasool487 3 года назад

TBH! I didn’t get anything! Can anyone summarise this clip for me in simple words. Thank you in advance.

@SuperNipoon 3 года назад

Ikr this guy is not good at explaining

@DIZRUPTR 3 года назад

Solana: 50,000 TPS Super low transaction fees Uses Proof of History as a consensus mechanism Runs smart contract

@martinmacdonald5773 3 года назад

SOL = centralized garbage

@ajmalrasool487 3 года назад

Bryan thanks 😊

@karlbooklover 3 года назад

basically SOL is the best thing out there because he says so

@jimdalvic3094 3 года назад

Should call it “Plaid”. :-)

@jedihornet1017 3 года назад

Big brain

@nimitaw1167 2 года назад

Not sure if you know but there is a RU-vid ad using this video to scam people and take their Solana by telling them they will get NFTs

@btcbenny21 2 года назад

Cool and chill and a likeable person does not make an idea good. Transactional speed means nothing without a stable big enough monetary network.

@lennart1208 3 года назад

0:14 the Cardanos biggest problem is that they dont even have smart contracts. Almos every blockchain solves this

@anonnnnnnnnnnnn 2 года назад

They better release a new type of smart contract to make up for all the time it took

@Humptydumps 2 года назад

We’ll have smart contracts in 10 days 🚀

@Barone2013 3 года назад

Why is this guy being asked about Ethereum, he should talk about his project. He is a competitor and of course will not talk about Ethereum in a favourable way.

@laqueenawilliams4762 3 года назад

Maybe he can give us another view on ETH

@lutaayam 2 года назад

Dave is basically asking him to position Solana better

@chrismoore3999 3 года назад

I love Dave

@Hapatato 3 года назад

Kinda wish dave would post the full interview on a second channel and keep is main channel for a 20 min recap summarizing his major takeaways. That being said, love you dave and appreciate all you do

@kaykang5551 2 года назад

Nobody uses BTC as a payment.

@Sol_Bull 3 года назад

Yea you don’t have to be click bait Just put out normal thumbnails

@aamrollahi 3 года назад

Its not clickbait, if u listen to the interview it can actually be a killer ...

@Sol_Bull 3 года назад

I thought it was a good interview as well. Just saying that the buzz words like killer, destroy, crash, etc that you tubers put up aren’t really necessary for quality content.

@chrisatteridge 3 года назад

Love it

@victorlim7546 3 года назад

#SOL gang

@IhsaanTyalor 3 года назад

Have the discord link?

@joekkl 3 года назад

Next episode: Is XYZ the Solana (SOL) Killer?

@alexleung842 3 года назад

Avalanche is the only one which will ever come close. These two coins will come dominate the L1 war because they are just so much more scalable and cheaper than other chains will ever be without compromising on decentralization

@georgegale6084 2 года назад

Funny how we value things in U$D. It has that going for it. At least in the Americas.

@joema7284 3 года назад

What you will notice about these fast blockchains is that they sacrifice decentralization and therefore security. Solana may be good for some type of fast trading or in game microtransfers but will never be suitable for holding sustainable amounts of value. You want to use it get out of it.

@ivanhaidarli7163 3 года назад

Can someone share how to buy it in US? Kraken and Coinbase not support it yet.

@alexleung842 3 года назад

Binance US

@MzKpRE 3 года назад

FTX US

@sirus312 3 года назад

USDT > FTX US > SOLFARE wallet via ledger

@DIZRUPTR 3 года назад

Binance.US, Blockfolio, FTX, Uphold

@Steph1 2 года назад

Coinbase has it now

@bobbyjonas2323 2 года назад

XDC is the Ethereum Killer, not Solana. You should look into XDC

@gman8341 3 года назад

Come on Dave, it’s so frustrating when people say “Tesla Killer” and you go and do the same? Disappointed in you, click bait, it’s a good interview so thank you.

@guye94 3 года назад

Have you watched the interview? Dave quotes the interviewee as says his most asked question is “Is Solana an Ethereum killer?”

@isthisme-ct9fe 3 года назад

quote and question mark ? dude .. read carefully

@GDMartin 3 года назад

i just cant wait to be laughing at everyone who doubted SOLANA.... its hilarious how many haters and doubters will be eating their words

@anonnnnnnnnnnnn 2 года назад

Now is your chance 😂 price spiked

@vyacheslavgolikalg 3 года назад

The last name is wrong. yakOvenko

@Dave_Lee 3 года назад

Thanks! Just fixed it.

@lutaayam 2 года назад

He’s not the most captivating communicator. I have no doubt he’s a genius though.

@chaosbringer6340 3 года назад

Not killing Ethereum, Solana and all the rest fighting for second place 🥈

@sharathchandradarsha 2 года назад

cant follow what he is trying to say, no straightforward answer especially he says Solana is maximizing censorship resistant and doesn't give clear explanation how it is achieving that, can anyone help me here?

@sopdfsopdfiopsd 3 года назад

All these Eth killers preying on retail looking to get rich quick but when Vitalik?

@MaxLongs 3 года назад

$TSLA TO THE FLOOR

@JS-bk4pn 2 года назад

Damn! Wish I would have bought back then lol.

@themr4560 2 года назад

AMC to accept Doge.

@grantguy8933 3 года назад

So everyone of them claim their own unique advantage .... 😂

@Lucius_murrius 2 года назад

Well, the haters gona hate and now they are jumping in !

@mattsmith6509 3 года назад

Is this an add

@heliheli6808 3 года назад

Eth will kill eth

@karlbooklover 3 года назад

I tried finishing this interview but couldn't take it. Idk but laughing at your own assertion doesn't make it true in my book. You still need to explain and have arguments

@escreality5314 2 года назад

ETH > SOLANA 50k tps, proof of history, ex qualcomm sr engineers, sam bankman. nuff said.

@conormcgregor7707 2 года назад

The Solana blockchain enables low gas costs and faster transaction speeds.

@philamancio 2 года назад

This solana was use to hack my account and rename my channel like tesla live, i have the evidence the RU-vid has a notification and mention your name but my channel has a violation bacause of your videos and was uploaded to my channel

@leanhtuanofficial2933 3 года назад

90% of this video is too technical and boring. How about boiling it to the main point and prove that you are the one who can execute.

@harryherber2971 3 года назад

The guy seems bored and not interested in being interviewed. Per body language.

@Barone2013 3 года назад

SOLANA is very centralised, they are closer to Binance than Ethereum, that’s why they can achieve such speeds, it’s the trade off you have to make.

@paulmtor7324 3 года назад

Eth killer 🤣

@Yusuf-tr4jg 3 года назад

Eth killer x2

@patrickoneil2973 3 года назад

This guy is really bad at explaining what Solana is lol

@cheddarfodder 3 года назад

Cool project but this guy is no Charles.

@killingspree15 3 года назад

charles is a fraud u sheep

@RobotDad 3 года назад

Sorry to be critical of Dave but... painful to listen to all the "ums", "you know" "i mean", and his favorite, "like, like, like like". Sounds like a valley girl from the 80s

@SuperNipoon 3 года назад

This guy is not good at explaining