Welcome to episode 117 of the FTX Podcast with special guest Austin Federa and your host Tristan Yver!
Austin is Head of Communications at Solana Foundation and a central figure to the Solana ecosystem in its entirety.
Thank you for your time, energy & insight Austin!
Time Stamps of Key Moments:
0:00: Introduction & involvement with product development & software engineering.
1:10 : Getting into crypto & realizing fintech’s potential to change the world with smart contracts & defi.
3:49 : The reality of the bear market while working ‘crypto adjacent’.
5:00 : Innovating new use-cases for the infrastructural layer of Web3 at Bison Trails.
6:04 : The pivot from Bison Trails – why Solana?
9:18 : Growth of the ecosystem and its impact on Solflare & Serum.
11:29 : Solana’s OG founders/architects commitment to the base layer were key to being prepared for mass adoption.
15:08 : ‘Doing the hardest work first’ allows for overcoming the inevitable challenges that come with growth & scaling.
17:25 : ‘Fee Markets’ function on Solana.
24:26 : The utility of ‘Quick’ for Solana; the best of both world’s between TCP & UDP.
25:52 : The ‘Solana Infrastructure Trifecta’ of: 1. adding Fee Markets, 2. switching to Quick as a Network Standard & 3. creating Stake Weighted Equality of Service Guarantees.
27:26 : There’s a surplus of blocks on the Solana network for validators.
27:58 : Solana’s Nakamoto coefficient ranking compared to other proof-of-stake networks.
28:05 : Solana’s decentralization status: the data speaks.
31:10 : The expansion of validators & its impact on communities.
33:51 : What it takes to create an ecosystem like Solana.
37:42 : Selfless teamwork across companies for success on a larger scale.
38:32 : Lisbon 2022! For more information & tickets: Solana.com/breakpoint
39:58 : Focusing on Solana Mobile’s phone platform: Saga & SMS.
40:27 : Hacker Houses were born at Breakpoint.
41:41 : Current developments of the Solana phone: bringing browser-only capabilities to mobile & more!
45:48 : Using the past to foretell (or not) the future of the ecosystem.
46:37 : The function of Solana Foundation is to build an infrastructural base layer for whatever developer’s hearts desire!
48:49 : Exercise & take proper vacations!
Thank you for joining us!
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