‘AI will make Solana more usable and understandable,’ says Anatoly Yakovenko (2024)

Solana Foundation highlighted today a range ofartificial intelligence-related activitieshappening on Solana right now,from chatbots to accelerators to grant programs.

Solana co-founder and Solana Labs CEO Anatoly Yakovenko discussed his views on AI with Jonathan Abramovich, who leads infrastructure business development for Solana Foundation.

Jonathan Abramovich: What are your broad views on AI and how it impacts Solana?

Anatoly Yakovenko:I think the natural language interface that ChatGPT has enabled is interesting and cool. It feels like it's as big of a shift as when Microsoft Windows and the computer mouse were first introduced. So now we're going into reasonably well-working text-based interfaces that can do complex actions.

Every dev building consumer-oriented apps should be thinking about how their app is going to be interacted with through an AI model because this is a new paradigm for telling computers what to do. With AI, it’s like you're almost talking to a human, but there's still a lot of work to be done in terms of actually getting something useful out of it.

AI will make Solana more usable and understandable. Crypto APIs are way better than the APIs that deal with money from finance-focused centralized service providers because they are trustless and don’t deal with the same issues that centralized providers have to deal with. They have more programability and so an AI that can deploy smart contracts and do transactions is better and more powerful than one that can't.

I think it's important enough that we should spend resources on this and give reference examples to devs to then start building their applications with that in mind.

JA: Is that the intention with the ChatGPT plugin?

AY:Yes, exactly. The plugin just gives you a text interface, like a text-based block explorer. You can describe an object on-chain and it will respond by telling you that it is an NFT account or something like that. So that’s kind of cool but it won’t yet mint an NFT set. What I want it to do is be able to write to the chain but we’re not there yet. The plugin was easy to do, though - one of our devs did the initial build in a weekend.

JA: Why is AI coming to Solana right now in a way that it’s not happening on other chains?

AY:For right now, ChatGPT plugin is reading on-chain data that can help construct transactions that can be run on-chain. But Solana is cheap and fast so we hope that people will be able to run these transactions within a ChatGPT loop. That means that the machine interface to the chain is cheap enough for ChatGPT to be able to do it. You need both speed and cost advantages to make a good user experience, otherwise, it doesn't really work.

JA: What is the stage we’re in for applying AI to Solana?

AY:Right now, we’re in the stage of discovering what AI can do. I encourage devs to go write plugins for whatever software they are working on, interact with it, and discover what it can do. I don’t think anyone knows where it's supposed to go. It's just really, really cool that you can basically treat it like a Star Trek computer. The Star Trek computer wasn't perfect - it couldn't answer arbitrary questions, but you could tell it to do something and it would go do it. This is where I think LLMs have brought us. That's a pretty different experience than normal computer interactions or even Siri.

JA: How else will AI make an impact on the Solana ecosystem?

AY:I already see developers using it to document and understand the code more, like using GPT models for documentation and plugins for automation. Other large language model style things are going to make it easier for devs to generate code for smart contracts, find bugs, and then write test code. I think it could be used to even find vulnerabilities.

JA: What about on the validator front?

AY:That's interesting. There's a lot of data that validators monitor. I bet somebody could build AI-optimized monitoring tools for data - maybe someone is already working on that.

JA: WhenFiredancergets up and running there will be two unique code bases that Solana runs on – does that just imply that there's just twice as much information and data to comb through, and could an AI help with that?

AY:Ooh, I wonder – a sophisticated-enough AI should be able to look at the two code bases and write a third one that isn't dependent on the other two. That would be cool.

JA: What about specific applications of AI on Solana?

AY:I expect to see AI that is differentiated by the data that it is trained on. Crowdsourcing data is really hard so very up-to-date data sources will probably come from crowdfunded, crypto-based projects, such as Hivemapper.

Another thing that I think would be cool is an AI plugin that you tell, "Hey, I want to do an NFT set with 10,000 images in this style with these traits”, and then stable diffusion generates the whole thing, mints them on chain, sets up a Discord group, starts answering questions, and starts building out lore and stories. I think there's a lot of interesting, weird things that could happen.

JA: Doesn't that just take away all the work?

AY:No, it doesn’t take away the fun work – it just takes away the hard work and the annoying work.

‘AI will make Solana more usable and understandable,’ says Anatoly Yakovenko (2024)

FAQs

Who is the founder of Anatoly Yakovenko Solana? ›

CEO of Solana Labs

By joining forces with the Qualcomm alumni Greg Fitzgerald, Stephen Akridge, and Raj Gokal, Yakovenko founded the Solana blockchain, named after the popular Solana beach in California.

What is the career of Anatoly Yakovenko? ›

Anatoly Yakovenko is the co-founder of Solana and CEO of Solana Labs. He has almost two decades of experience building high-performance operating systems, including leading OS development at Qualcomm and holding engineering roles at Dropbox and Mesosphere.

Who runs Solana? ›

Its native cryptocurrency is SOL. Solana was launched in 2020 by Solana Labs, which was founded by Anatoly Yakovenko and Raj Gokal in 2018.

What is Solana Foundation? ›

The Solana Foundation is a non-profit organization located in Zug, Switzerland dedicated to the decentralization, growth, and security of the Solana network. Solana is a proof of stake blockchain built for mass adoption ◎ Fast, composable, green, and globally distributed.

Did Solana make millionaires? ›

Solana (SOL -10.23%) has minted a lot of millionaires since its launch in 2020. The cryptocurrency started trading at $0.95 and hit its all-time high of $260.06 on Nov. 6, 2021 -- which would have turned a $10,000 investment into $2.74 million.

Is Solana better than Ethereum? ›

Ethereum has low speed and scalability, but several times more TVL (the amount of funds locked in the blockchain). Solana has a more advanced consensus algorithm that provides faster network speeds. Stability, decentralization, and almost complete trust from the community, investors, and developers.

Why Solana will win? ›

Solana's ability to match or even surpass Ethereum in these critical aspects of the blockchain economy could indicate a robust and scalable infrastructure which is capable of handling significant transaction volumes – a crucial factor for any further growth.

What is the highest potential for Solana? ›

Table of Contents. Solana (SOL) has been the fastest-growing chain since the end of 2022, overcoming Bitcoin (BTC) and Ethereum (ETH). 2025 Forecast: Solana (SOL) could surpass its current all-time high, reaching $260 in the near term due to the Firedancer upgrade, with a potential to stabilize above $300.

Why is Solana so successful? ›

Transactions are cheap and fast

Especially in comparison to older blockchains like Ethereum, Solana's transactions are very inexpensive. Most of the time, transactions cost less than a half-cent.

Is Solana better than Cardano? ›

Cardano vs Solana FAQs. Why Solana is better? Comparing Solana vs Cardano, Solana offers vastly faster speeds of 65,000+ TPS, lower average transaction fees of $0.00025, and has seen more rapid adoption and growth in areas like DeFi protocols (100+ vs 15 on Cardano) and daily active users.

How much Solana did FTX own? ›

FTX had $10 billion [misprint] in Solana tokens — they sold it at 70% discount." In an earlier victim impact statement filed by Kavuri, the FTX creditor claimed that the FTX estate “owns 41.1 million Solana tokens which should be distributed to FTX creditors.

How many people own Solana? ›

There are currently 9,154,449 wallets that hold Solana (SOL), according to capital.com. The ownership is highly fragmented, with no single wallet owning a dominant share of the total supply.

What is Solana actually used for? ›

Solana (SOL) is a high-performance blockchain platform aiming for fast and low-cost transactions. SOL token is used for network operations, governance, and staking on the Solana ecosystem.

Why do we need Solana? ›

Solana can support more than 2,600 transactions per second compared to only about 15 transactions for Ethereum. Solana's proof-of-history (PoH) and proof-of-stake (PoS) models verify transactions based on coin ownership. This ease of verification also helps Solana have lower fees than Ethereum.

Is Solana a real project? ›

Solana has made staggering progress since it began in 2020, launched by the Solana Foundation. The team have worked on implementing improvements to the entire ecosystem, and even though cryptocurrencies have been in a bear market, Solana (SOL) made it to the top ten cryptocurrencies by market cap.

Who is the owner of Solana account? ›

By default, all new accounts are owned by the System Program. The System Program performs several key tasks such as: New Account Creation: Only the System Program can create new accounts. Space Allocation: Sets the byte capacity for the data field of each account.

Who is the founder of Cardano Solana? ›

Today, Charles Hoskinson, the founder of Cardano, recently exposed a scammer who was impersonating Solana Founder Anatoly Yakovenko.

What is the net worth of Solana founder? ›

As of 2023, Anatoly Yakovenko had a net worth of approximately $69 million. However, this has since multiplied, with his net worth now closer to $500 million. The precise total is unknown, however, most publications cite Yakovenko's net worth of around $460 million as of May 2024.

Who is the founder of Raj Gokal Solana? ›

Raj Gokal is the co-founder of Solana and president of Solana Labs. He also serves on the board of the Solana Foundation. He was previously focused on startups in behavioral health.

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