Solana Creator Anatoly Yakovenko Says Ethereum Rival Can Already Handle Hundreds of Millions of Users

Solana Creator Anatoly Yakovenko Says Ethereum Rival Can Already Handle Hundreds of Millions of Users

Spread the love

Anatoly Yakovenko says that the Solana (SOL) chain is already set up to handle hundreds of millions of users.

In a new interview on Token Terminal’s YouTube channel, Yakovenko says that he believes the Ethereum (ETH) rival has the capacity to handle the world’s blockchain requirements.

“I can definitely see [Solana] handling all of the world’s needs because when you look at today’s bandwidth infrastructure around data centers, the one gigabit is the free tier. You get a box, they give you one gigabit for free and it costs less than a dollar per terabyte of egress right now, so bandwidth is ridiculously cheap right now.”

According to Yakovenko, even though Solana already has the ability to manage many users, it still lacks the applications to attract larger amounts of people.

“Every two years there’s a new generation, so from my perspective, I think we can already handle hundreds of millions of users and we have an abundance of capacity. We don’t have the applications to actually attract those users yet.”

Yakovenko goes on to name a few possible growth drivers that could bring more people to the Solana network, including Helium (HNT), a network of IoT devices that successfully migrated over to the Solana blockchain earlier this year, and Hivemapper, a decentralized map building tool.

“Helium created close to a million IoT (Internet of Things) hot spots, that’s really cool. Think about virtual tokens moving around between people with cryptography impacting the physical world, there’s literally a close to a million antennas generated from that, and they’re going to attempt to do the same thing with 5G.

Hivemapper, on the other hand, is trying to map the entire world like Google Street View and there’s 60 million kilometers in the world. They’re already at [a] 2 million kilometers map, they just crossed that, they’re growing.”

Solana is trading for $22.06 at time of writing, a 3.4% decrease during the last 24 hours.

Check Latest News Headlines


Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Malyutin Nikita

Related News