Austin Federa, the strategic director of the Solana Foundation, analyzed Solana's design philosophy and technical features on the Bankless podcast. He stated that Solana's goal is to create a global state machine that is as fast as traditional financial markets. Solana uses a single-layer network architecture, which can achieve higher speeds and lower costs compared to Ethereum's multi-layer architecture. Solana uses a proof-of-stake mechanism. SOL is used for network staking and payment of transaction fees, similar to Ethereum. Solana's inflation rate decreases year by year to balance inflation pressure and reward incentives. Solana utilizes technologies such as QUIC and local fee markets to achieve high throughput and low latency. Solana's MEV is more like high-frequency trading and has strong timeliness. Ethereum's MEV is more persistent and has a larger amount. The equity-weighted mechanism and JudoSoul token allow Solana users to share MEV revenue.
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