Solana co-founder Raj Gokal believes the blockchain has the potential to become “the Apple of the crypto industry.”
During an interview with TechCrunch, Gokal commented that the blockchain's focus on scalability and performance, maintains A relentless approach to building Web3.
Gokal compared the dedication of Apple’s founders to providing users with an unparalleled experience with the iPhone and its other innovative products to the efforts currently being undertaken by the Solana development team to create “an entirely new financial internet” on the blockchain.
Solana's co-founder highlighted Apple's conviction to develop a product like the iPhone. “I think of Apple, having worked for almost a decade on touchscreen latency to enable the iPhone to come out and it felt like magic,” said Gokal during the interview. He highlighted that this was possible thanks to the company's relentless focus on designing its iconic smartphone and driving the App Store and its app ecosystem to where they are today.
According to Gokal, Apple's dedication and conviction are present in the Solana core engineering and development team, which is focused on building the next generation of the Internet, Web3, in a way that allows for innovation while maintaining the familiarity of the regular web as we know it.
What is Solana?
Solana is a high-performance blockchain-based network that was designed to process thousands of transactions per second with low latency and low cost.
This blockchain uses a consensus mechanism known as Proof of History (PoH) that is combined with the Proof of Stake (PoS) protocol. However, as it is a little-known consensus mechanism in the crypto industry, the network has faced several challenges.
Over the past few years, the Solana blockchain has been paralyzed about 5 times, which has put its stability into question. Still, Solana remains the tenth cryptocurrency in the market, with a market cap of $ 8.270 million dollars, currently. Also, the blockchain has a fairly optimistic user community and an innovative roadmap with which it seeks to stay fresh and competitive.
Saga, a smartphone for the Web3
On the other hand, according to TechCrunch, Gokal's comments about Solana's potential to be the Apple of cryptocurrencies, can also be related to the development of Saga, the blockchain smartphone created by Solana subsidiary Solana Mobile exclusively for Web3.
In the middle of this month, Solana opened pre-orders for its smartphone for users in the United States, Canada, the United Kingdom, New Zealand, Switzerland, Australia and countries in the European Union.
Continue reading: Solana opens pre-orders for its Saga blockchain smartphone
