Crypto News

Solana Co-Founder’s Meta Chain Concept Sparks Industry Buzz

Anatoly Yakovenko, co-founder of Solana Labs, has introduced a new model to address the issues of fragmentation and lack of interoperability in the blockchain ecosystem. He proposed the concept of a “meta blockchain” designed to collect and organize data from leading layer-1 (L1) blockchain platforms such as Ethereum, Solana, and Celestia. This solution aims to improve cross-chain communication and data sharing, which have been significant challenges for Web3 developers.

Yakovenko explained that the meta blockchain would enable the use of the most cost-effective data availability (DA) solutions. DA layers are third-party systems that provide the necessary data for the blockchain network to validate transactions. His goal is to simplify cross-chain communication and lower the costs of blockchain transactions by creating a unified platform for data from multiple blockchains. “Affordable data availability makes everything else more affordable,” he stated. Additionally, he emphasized that “bandwidth is the irreducible bottleneck.”

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button