Solana (SOL) has the potential to become the crypto world’s equivalent of tech giant Apple due to its strong focus on user experience, according to Solana co-founder Raj Gokal. In a recent interview with TechCrunch, Gokal compared Solana to Apple, stating that the Mac and iPhone maker’s “relentless focus on simple interaction” is something Solana has learned from.
Gokal explained that Solana aims to create a blockchain-based network “that feels like the regular internet when it’s an entirely new financial internet.” The co-founder went on to say that there were a lot of things to be built on top of that platform to get the iPhone and App Store and app ecosystem to where it is today. But it all started with one relentless focus on a simple interaction that had to work perfectly.
As part of its efforts to bring about a user-centric and seamless experience for web3, Solana introduced a new Android smartphone known as Saga in April, specifically designed for blockchain applications. The phone comes with the Solana decentralized app (dApp) Store built-in and features a self-custody solution called Seed Vault that protects keys through biometric authentication and encryption.
The launch of the phone brought new attention to the Solana network’s native SOL token, which has managed to remain in positive territory since April 1st. Over the same time period, other major coins like Bitcoin (BTC) have traded down by about 2%. The new round of attention for the Solana project could therefore prove to be positive for the token, which some have predicted could move towards highs of $39 to $48 in the medium term.
Solana is a high-performance blockchain that uses a Proof of History (PoH) consensus algorithm to achieve a throughput of up to 65,000 transactions per second. The Solana blockchain’s unique architecture enables it to process transactions quickly and with low fees.
The Solana ecosystem has seen significant growth in recent months, with the number of wallets holding SOL tokens increasing by over 150% since the start of the year. The Solana network has also seen a surge in the number of dApps built on top of it, with over 400 projects now live on the platform.
Solana’s focus on user experience is a key factor in its success. By creating a blockchain-based network that feels like the regular internet, Solana is making it easier for developers to build and deploy dApps, and for users to interact with them. The Solana ecosystem is still in its early stages, but the potential for growth is significant.
Solana’s co-founder believes that the blockchain has the potential to become the Apple of crypto due to its focus on user experience. The launch of the Saga phone has brought new attention to the Solana network’s native SOL token, which has managed to remain in positive territory since April 1st. With the number of wallets holding SOL tokens increasing by over 150% since the start of the year and over 400 projects now live on the platform, the Solana ecosystem is poised for significant growth in the coming months and years.