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Solana: Speed & Scale
If you follow crypto even at a cursory level, you've likely heard of Solana and its ability to scale transactions thousands of times higher than Ethereum. And, unlike other so-called "ETH killers", Solana is doing so in production today with large and real applications. They dive into the project's history coming out of the 2017-18 crypto winter, how it works and what's ahead with their native SOL tokens currently trading at a market cap above $30B!.
In our previous book, we covered the history of Ethereum, what it is, and of course, they speculated on its future. A big outstanding point at the end of the part was, with all this excitement around DeFi, NFTs, and decentralized apps, this decentralized world computer has gotten really slow and really expensive. Gas fees currently are around $50–$60 for usual DeFi transactions. Sure the Ethereum community has plans for how they're going to fix this. But there are other credible blockchains out there to build applications on top of.
Solana Labs is the company that spearheads the development of the Solana blockchain. In this book, we will get into what Solana is, why it exists, what problems it's solving, why there's a need for another layer one, sort of base layer protocols out there in crypto besides Ethereum.
In our previous book, we covered the history of Ethereum, what it is, and of course, they speculated on its future. A big outstanding point at the end of the part was, with all this excitement around DeFi, NFTs, and decentralized apps, this decentralized world computer has gotten really slow and really expensive. Gas fees currently are around $50–$60 for usual DeFi transactions. Sure the Ethereum community has plans for how they're going to fix this. But there are other credible blockchains out there to build applications on top of.
Solana Labs is the company that spearheads the development of the Solana blockchain. In this book, we will get into what Solana is, why it exists, what problems it's solving, why there's a need for another layer one, sort of base layer protocols out there in crypto besides Ethereum.
51 pages, Kindle Edition
First published January 1, 2022
6 people are currently reading
44 people want to read
About the author
Shivam Singh
7 books15 followersShivam Singh believes that understanding the technology that shapes our world is the first step toward financial empowerment. This belief has guided his journey as an author, where he has explored everything from the foundations of system design to the cultural revolution sparked by cryptocurrency in popular books like In Crypto We Trust and Just Enough Tech.
Today, Shivam applies this expertise as the Founder & CEO of Cent Capital. His company is at the forefront of using Generative AI to make financial wellness and sophisticated guidance accessible to everyone, directly addressing the global crisis of financial inequality. Through his writing and his work, Shivam is dedicated to empowering people with the knowledge and tools they need to build a better financial future.
Today, Shivam applies this expertise as the Founder & CEO of Cent Capital. His company is at the forefront of using Generative AI to make financial wellness and sophisticated guidance accessible to everyone, directly addressing the global crisis of financial inequality. Through his writing and his work, Shivam is dedicated to empowering people with the knowledge and tools they need to build a better financial future.
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Displaying 1 - 5 of 5 reviews
March 13, 2022
Solana is one of the most understated cryptocurrency in the world right now. So it lacked the required coverage. This is the book that finally does it justice by making even a normal person understand the working and benefits of Solana over other cryptocurrencies.
March 20, 2022
Great book to build a good birds-eye view of the Solana ecosystem. Good balance of theory and practicality to understand how things work and actually register the necessary accounts to make Solana work for you. It gives you perspective on how quickly things are developing in Solana.
March 27, 2022
This book does Solana justice, and it is long overdue.
This book tells more of the history of Solana in easy-to-understand explanations on what Solana is and how it works. The book is written in 'historical story format' and helps you grasp why Solana is important vs. Ethereum. I could see it becoming a film one day. I recommend this book to anyone curious about Cryptocurrency who has done only brisk research on Solana- how it works, what it is, how it differs from Ethereum, what is bitcoin etc. You can read this with no prior knowledge of bitcoin, Ethereum, or Solana and understand it. I am glad to see more well-written books coming out with Crypto-related topics and not some "traders handbook" crap. This book does Solana justice, and it is long overdue. Hopefully, we will continue to see well-written books about crypto and why they are important. This book does an excellent job of that and makes you excited for the future in many ways.
This book tells more of the history of Solana in easy-to-understand explanations on what Solana is and how it works. The book is written in 'historical story format' and helps you grasp why Solana is important vs. Ethereum. I could see it becoming a film one day. I recommend this book to anyone curious about Cryptocurrency who has done only brisk research on Solana- how it works, what it is, how it differs from Ethereum, what is bitcoin etc. You can read this with no prior knowledge of bitcoin, Ethereum, or Solana and understand it. I am glad to see more well-written books coming out with Crypto-related topics and not some "traders handbook" crap. This book does Solana justice, and it is long overdue. Hopefully, we will continue to see well-written books about crypto and why they are important. This book does an excellent job of that and makes you excited for the future in many ways.
March 27, 2022
Extremely informative for people (like me) who want to get Blockchain and the differences between BTC, ETH, and SOL but don't know where to start. Somewhere between a technical, thriller, and biography. I had a blast reading it.
It gets you ramped up on the history of Solana. Details of Solana's inception give you a sense of how much it wasn't brought up like a typical software startup. Anatoly is the man to bet on.
It gets you ramped up on the history of Solana. Details of Solana's inception give you a sense of how much it wasn't brought up like a typical software startup. Anatoly is the man to bet on.
March 29, 2022
Accessible to anyone, regardless of your prior knowledge
I think my five-star rating reflects that I'm into economics, finance, and therefore by default, in 2022, Solana. I was still pleasantly surprised at how accessible this book is to anyone, regardless of their knowledge of cryptocurrencies.
Shivam Singh has really done his homework and has a natural storytelling ability alongside his excellent choices for detail selection within the crypto space category. It's an easy book to recommend for anybody even remotely interested in the new digital economy.
I think my five-star rating reflects that I'm into economics, finance, and therefore by default, in 2022, Solana. I was still pleasantly surprised at how accessible this book is to anyone, regardless of their knowledge of cryptocurrencies.
Shivam Singh has really done his homework and has a natural storytelling ability alongside his excellent choices for detail selection within the crypto space category. It's an easy book to recommend for anybody even remotely interested in the new digital economy.
Displaying 1 - 5 of 5 reviews