Solana Labs CEO discusses faster, more energy-efficient blockchain

CNBC Television published this video item, entitled “Solana Labs CEO discusses faster, more energy-efficient blockchain” – below is their description.

Solana Labs CEO Anatoly Yakovenko explained how Solana, a blockchain supporting crypto apps, enables 1 billion people to go fully interconnected without an intermediary.

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CNBC is an American pay television business news channel, which primarily carries business day coverage of U.S. and international financial markets. Following the end of the business day and on non-trading days, CNBC primarily carries financial and business-themed documentaries and reality shows.

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In This Story: Blockchain

A blockchain is a distributed database that is shared among the nodes of a computer network. As a database, a blockchain stores information electronically in digital format. Blockchains are best known for their crucial role in cryptocurrency systems, such as Bitcoin, for maintaining a secure and decentralized record of transactions. The innovation with a blockchain is that it guarantees the accuracy and security of a record of data and generates trust without the need for a trusted third party.

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In This Story: Solana

Solana is a public blockchain platform. It achieves consensus using proof of stake and proof of history. Its internal cryptocurrency is SOL. Bloomberg considers Solana to be “a potential long-term rival for Ethereum”. Like Ethereum, Solana can run smart contracts.

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