Ben Gilbert: evaluation

Transcript context

…Serum, which is a central limit order book–style exchange that runs on Solana is the same design as NASDAQ that does 20 million transactions per day but for a much smaller amount of capital and volume. If you think about users, there are way more users in Uniswap. There's more capital in Uniswap. It's much more transaction-efficient, but the synchronization of information on the central limit order book exchange on Solana is just much tighter, much more message heavy, and it's closer to real prices. It's much closer to the real market. This is a great transition. Tell us what Solana is and how it actually solves these problems. Maybe just to anchor it, one more time, give us the transaction limit that exists today for Ethereum, for Bitcoin, because these are astonishingly low numbers. Because this thing is in the public consciousness, everyone assumes that, oh, there must be tons of transactions, but it is incredibly limited in the way that these networks work today until something like Solana. What's cool is that seven transactions per second is what the Bitcoin theoretical limit is. It's actually quite a lot. Humans don't do that much stuff per day. If everybody was using it for payments, it would fall over. If we're talking about a global settlement layer for this world's reserve thermodynamic money, it's actually pretty good.…

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