Yakovenko Believes Solana ($SOL) Will Meet All of the World’s Demands for Blockchain Technology


Solana (SOL) blockchain is ready to support hundreds of millions of users, co-founder of Solana Labs Anatoly Yakovenko said in a recent interview.

According to an interview Yakovenko gave to the YouTube series Token Terminal, the Ethereum (ETH) alternative has the potential to address global blockchain demands due to the low cost of the existing bandwidth infrastructure.

According to Yakovenko, the bandwidth in modern data centers is really cheap since the free tier is one gigabit and egress costs less than a dollar per terabyte. Solana may be able to accommodate a big number of users, but the platform is still missing the apps that would make it more appealing to the general public, as the developer himself admitted.

With fresh generations appearing every two years, Solana can sustain hundreds of millions of users, as suggested by Yakovenko. To attract additional users, however, new apps are required. He named Hivemapper, a decentralized map-making application, and the IoT network Helium (HNT), which successfully transitioned to the Solana blockchain early this year, as possible growth drivers.

Yakovenko mentioned Helium’s over one million IoT hotspots while discussing the project’s potential for virtual tokens to influence the real world through encryption. He then stated that Helium intends to do the same thing with 5G by establishing an antenna network for that technology.

According to Yakovenko, Hivemapper will map 60 million km across the planet, making it similar to Google Street View. He said that Hivemapper has logged more than 2 million km so far and that its popularity is only increasing.

TradingView data reveals that as of 7:40 PM UTC on May 7, 2023, $SOL is trading at about $22.48, up 1.91% over the last 24 hours and 127.41% over the prior 365 days.

Also Read: V2.0.0 Testnet Upgrade for Terra Classic (LUNC) Has Been Finished by the L1 Team

Leave A Reply

Your email address will not be published.