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Solana: The Apple of Crypto?
As some crypto companies gain mainstream adoption through partnerships, alliances or deals with big brand names, others are operating by the beat of their own drum and not worrying about whether a big label is with them. Solana, a layer-1 blockchain that launched in 2020, is one of the biggest chains that developers are building on. Excluding stablecoins, Solana is the eighth largest cryptocurrency by market capitalization at around $7.6 billion, according to CoinMarketCap data.
In this article, we will explore what sets Solana apart from other cryptocurrencies and why it has been dubbed the Apple of crypto.
Latency and User Experience
Co-founder Raj Gokal has compared Solana’s focus on user experience and performance to Apple’s. For many years, Apple focused on two things: user experience and performance. “I think about Apple, having worked for close to a decade on latency for touchscreens to allow for the iPhone to come out and it just felt like magic.”
“There were a lot of things to be built on top of that platform to get the iPhone and App Store and app ecosystem to where it is today,” Gokal added. “But it all started with one relentless focus on a simple interaction that had to work perfectly.” This is a focus that Solana’s core engineering and ecosystem share. It’s essential to create a network that feels like the regular internet, when it’s an entirely new financial internet.
Saga: Solana’s Android Smartphone?
Solana may be trying to compete with Apple through its own web3-focused Android smartphone called Saga. Saga was rolled out to the public in April and was launched to make crypto products and services more accessible for users by offering them through a phone instead of the traditional way of accessing crypto platforms and applications: using computers. This innovative approach sets Solana apart from other cryptocurrencies.
Focusing on New Businesses and Independent Developers
Solana’s core thesis is to focus on new businesses, new projects, and independent developers. We are still in an ecosystem and a community that is optimistic about what two developers in a garage can do, Gokal said. This focus on building a community of developers and entrepreneurs creates a dynamic and collaborative environment that fosters innovation and growth.
Conclusion
Solana’s relentless focus on user experience, performance, and innovation has set it apart from other crypto companies in the industry. The launch of Saga, the Android smartphone, and Solana’s commitment to new businesses, new projects, and independent developers create an ecosystem that is innovative, dynamic, and collaborative. As Solana continues to gain momentum in the crypto industry, it will be exciting to watch how it evolves and shapes the future of decentralized finance.
FAQs
What is Solana?
Solana is a layer-1 blockchain that launched in 2020. It is one of the biggest chains that developers are building on and is the eighth largest cryptocurrency by market capitalization at around $7.6 billion, according to CoinMarketCap data.
Why has Solana been compared to Apple?
Solana has been compared to Apple because of its relentless focus on user experience, performance, and innovation.
What is Saga?
Saga is Solana’s web3-focused Android smartphone that was rolled out to the public in April. It was launched to make crypto products and services more accessible for users by offering them through a phone instead of the traditional way of accessing crypto platforms and applications: using computers.
What is Solana’s core thesis?
Solana’s core thesis is to focus on new businesses, new projects, and independent developers. This focus creates a dynamic and collaborative environment that fosters innovation and growth.
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