Solana Labs Co-Founder Anatoly Yakovenko stated in a recent interview that the Solana (SOL) blockchain is ready to support hundreds of millions of users.
Yakovenko remarked in an interview with the YouTube series Token Terminal that the Ethereum (ETH) competitor has the potential to address global blockchain needs, given the affordability of current bandwidth infrastructure.
Yakovenko said that today’s data centers provide one gigabit of free bandwidth, and egress costs less than a dollar per terabyte, making bandwidth incredibly affordable. Despite Solana’s ability to manage many users, he admitted that the platform still lacked the applications required to attract a broader audience.
Yakovenko stated that Solana has the capacity to serve hundreds of millions of people, with new generations forming every two years. However, more applications are required to entice them. He mentioned Helium (HNT), a network of IoT devices that successfully transitioned to the Solana blockchain earlier this year, and Hivemapper, a decentralized map-building tool, as possible growth drivers.
When discussing Helium, Yakovenko stated that the project had established roughly a million IoT hotspots and that virtual tokens have the capacity to alter the physical world through encryption. He also stated that Helium intends to accomplish the same success with 5G by building an antenna network for that technology.
Yakovenko added that Hivemapper aspires to map the world like Google Street View, covering 60 million kilometers globally. He revealed that Hivemapper has now reached 2 million kilometres and is still growing.