TIME AS DATA
We’ve created a cryptographically secure and trustless time source – and built a blockchain around it. This allows nodes in the network to verify the time and order of events without witnessing them directly, drastically reducing messaging overhead and unlocking massive network optimizations.
We don’t believe in compromising security. Solana takes existing blockchain architecture and algorithms and improves on them instead of overlaying additional complexities such as sharding. We believe in it so much that we named our podcast #nosharding.
Layer 1 Security with Layer 2 speeds. No compromises.
Imagine a decentralized trading system that never touches users’ private keys. The entire order book is securely included in the blockchain replicated state while retaining all the performance characteristics of Nasdaq. At 710k tps, Solana can fit Nasdaq's volumes with room to spare. We enable this using atomic cross chain transactions combined with tradable swaps.
Payments are the holy grail of blockchain, but adoption and scalability are inevitable hurdles. Solana's transaction costs are to be on the order of $0.000001 and lightning fast. Bitcoin's throughput, at 3 payments per day per person, is only enough to service the population of Berkeley, California. We can do better. Solana lays the foundation for the payments platform that blockchain has always promised.
The future of cloud storage and web services can be decentralized, encrypted, permissionless, and secure. Decentralized file storage systems have the potential to eliminate high markup and human capital costs, and set new standards of unit economics for distributed data storage. Solana provides a scalable path for this future to become a reality.
If ads are traded on a single, transparent platform, all sorts of ancillary data-driven industries can sprout up: tracking and measurement, rating, and industry reporting. These business models would require nodes to keep much more extensive ledgers than just day-of transactions. At the same time so we need a highly scalable chain to support this future of ad tech (Google serves up 340,000 ads per second).
Anatoly is the creator of Solana. He led development of operating systems at Qualcomm, distributed systems at Mesosphere, and compression at Dropbox. He holds 2 patents for high performance Operating Systems protocols, was a core kernel developer for BREW which powered every CDMA flip phone (100m+ devices), and led development of tech that made Project Tango (VR/AR) possible on Qualcomm phones.
Greg is the principal architect of Solana. Formerly of Qualcomm's Office of the Chief Scientist, Greg has explored the full landscape of embedded systems. He created a bidirectional RPC bridge between C and Lua for the BREW operating system, helped launch the ARM backend for the LLVM compiler toolchain, and published a variety of open source projects including a streaming LLVM optimizer in Haskell, license analysis tooling in Python, and a reactive web framework in TypeScript. If you have time to burn, ask him "Why Rust?" We dare you.
Raj leads operations, product, and finance. He has spent 10 years in product management and finance. He was a venture investor at General Catalyst, started the consumer medical device company Sano which attracted over $20m in investment, and led product management at Omada Health as it grew tenfold.
Eric heads data science and token economics. He studied particle physics at Berkeley and received his PhD from Columbia while Higgs hunting at CERN. He completed a postdoc in Medical Physics at Memorial Sloan Kettering Cancer Center and later led data science at Omada Health.