{"id":11627,"date":"2024-02-10T17:09:30","date_gmt":"2024-02-10T17:09:30","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=11627"},"modified":"2024-02-10T13:30:15","modified_gmt":"2024-02-10T13:30:15","slug":"solanas-austin-federa-made-statements-about-sols-future","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/solanas-austin-federa-made-statements-about-sols-future\/","title":{"rendered":"Solana&#8217;s Austin Federa Made Statements About SOL&#8217;s Future"},"content":{"rendered":"<div>Austin Federa, chief strategy officer at the Solana Foundation, spoke about the future of SOL in an interview.<\/div>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/solanas-austin-federa-made-statements-about-sols-future\/#Austin_Federa_made_Statements_About_Solana_%E2%80%98s_Future_and_Ethereum_Killer_Nickname\" title=\"Austin Federa made Statements About Solana &#8216;s Future and Ethereum Killer Nickname\">Austin Federa made Statements About Solana &#8216;s Future and Ethereum Killer Nickname<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/solanas-austin-federa-made-statements-about-sols-future\/#Federa_elaborated_further_on_being_an_%E2%80%98Ethereum_killer\" title=\"Federa elaborated further on being an &#8216;Ethereum killer&#8217;:\">Federa elaborated further on being an &#8216;Ethereum killer&#8217;:<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Austin_Federa_made_Statements_About_Solana_%E2%80%98s_Future_and_Ethereum_Killer_Nickname\"><\/span><span style=\"font-size: 75%;\">Austin Federa made Statements About Solana &#8216;s Future and Ethereum Killer Nickname<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<div>Federa addressed the issue of an altcoin becoming an &#8216;Ethereum killer&#8217;, which came up shortly after the launch of Ethereum in 2015, through Solana. &#8220;I don&#8217;t think any project out there wants to be the Ethereum killer,&#8221; he said:<\/div>\n<div><\/div>\n<div>&#8220;I would say you can&#8217;t kill Ethereum just like you can&#8217;t kill Bitcoin or Linux. This also means that killing Solana will not be easy.&#8221;<\/div>\n<div><\/div>\n<div>He emphasized that these networks are operated by hundreds of thousands of people around the world, and this is the real staying power of open source communities and software movements.<\/div>\n<h3><span class=\"ez-toc-section\" id=\"Federa_elaborated_further_on_being_an_%E2%80%98Ethereum_killer\"><\/span><span style=\"font-size: 85%;\">Federa elaborated further on being an &#8216;Ethereum killer&#8217;:<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div>&#8220;If we were trying to kill Ethereum, we would probably have EVM support on the network, right? The intended function of the Solana network from its inception in 2018 was that we wanted to be able to build something that would synchronize all the world&#8217;s information in a single global state machine as close to the speed of light as possible.&#8221;<\/div>\n<div>\n<div>Federa touched on the topic of token extensions, which he called &#8220;the biggest thing we&#8217;ve launched in the past year&#8221;:<\/div>\n<div><\/div>\n<div>&#8220;They&#8217;re behind the scenes and they&#8217;re not the most glamorous thing you can see on the blockchain, but they&#8217;re a big step forward for what can be built on public blockchains. We&#8217;re going to see a lot of adoption and growth from here.<\/div>\n<div><\/div>\n<div>I would say another area where adoption is increasing is <a href=\"https:\/\/coinengineer.net\/blog\/dont-miss-out-these-projects-could-be-the-next-big-thing-on-solana\/\" target=\"_blank\" rel=\"noopener\">SOL<\/a> DeFi.&#8221;<\/div>\n<div><\/div>\n<div>&#8220;This is the vision that Solana was originally built on and continues to be built on today. &#8220;Our goal is to have the highest possible volume of transactions in the shortest possible blocks, all on a single global state machine, and thus reduce fees on the network to the lowest possible level.&#8221;<\/div>\n<div><\/div>\n<div>Federa said that this is the goal because the network is intended to be the optimal network for decentralized finance (DeFi), which requires a large number of transactions and does not allow profits to disappear due to the cost of making transactions.<\/div>\n<div>\n<hr \/>\n<\/div>\n<div>\n<div class=\"markdown markdown-main-panel ui-v2-enabled\" dir=\"ltr\">\n<p><em>Also, you can freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Telegram<\/strong>,<\/a> <a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>YouTube<\/strong><\/a>\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\"><strong>Twitter<\/strong><\/a> channels for the latest news and updates.<\/em><\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Austin Federa, chief strategy officer at the Solana Foundation, spoke about the future of SOL in an interview. Austin Federa made Statements About Solana &#8216;s Future and Ethereum Killer Nickname Federa addressed the issue of an altcoin becoming an &#8216;Ethereum killer&#8217;, which came up shortly after the launch of Ethereum in 2015, through Solana. &#8220;I<\/p>\n","protected":false},"author":6,"featured_media":8559,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,2],"tags":[1527,319,1767],"class_list":["post-11627","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-news","tag-sol","tag-solana","tag-solana-sol"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Solana&#039;s Austin Federa Made Statements About SOL&#039;s Future - Coin Engineer<\/title>\n<meta name=\"description\" content=\"Austin Federa, chief strategy officer at the Solana Foundation, spoke about the future of SOL in an interview.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/solanas-austin-federa-made-statements-about-sols-future\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Solana&#039;s Austin Federa Made Statements About SOL&#039;s Future - 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