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Solana’s Open-Source Strategy: A Key to its Success
Solana co-founder Anatoly Yakovenko has finally broken his silence on the early milestone the protocol achieved regarding open sourcing its codes to developers. This update comes at a time when the Hyperliquid is facing criticism from the community regarding how accessible its codes are. The insight from Yakovenko has further painted Solana as one of the most functional in the ecosystem.
The Solana Open Source Strategy
Considered one of the most difficult things to achieve alongside decentralization and scalability, Yakovenko said the protocol used the OCC License from day one. He said he forced all the ecosystem developers at the time to coordinate over a public channel.
Getting OSS Contributors is the Hardest b2dev Sales Process
The Solana founder confirmed that "getting OSS contributors is the hardest b2dev sales process." Notably, he claims the only way he has seen developer coordination work is if the process is open-sourced.
Open Source Innovations on Solana, and Limitations
Solana did not pioneer all of the unique decentralized applications in Web3, as Ethereum remains the first mover in this regard. However, the emergence of Pump Fun pioneered the memecoin launchpad in the industry.
Expert Forecast on Future of SOL
The broad embrace of Solana has triggered a lot of positive price milestones for the coin. In the past year, SOL has moved from a low of $79.06 to a high price of $263.83, setting a new All-Time High (ATH). At the moment, the coin’s spot price comes in at $194.16, down 6.02% in the past 24 hours.
Riding on its Key Attractive Tech Stack and Other Features
Riding on its key attractive tech stack and other features, top venture capital firms like VanEck sees the coin hitting a $3,211 price market by 2030. An earlier SOL price analysis teased potential to hit $400 this month.
Drawing on its Future Prospects
Canadian publicly listed firm Sol Strategies has confirmed investment in SOL, as reported earlier by Coingape.
Disclaimer
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
FAQs
Q: What is the current price of SOL?
A: The current price of SOL is $194.16, down 6.02% in the past 24 hours.
Q: What is the predicted price of SOL by 2030?
A: Top venture capital firms like VanEck predict SOL to hit a $3,211 price market by 2030.
Q: What is the potential price of SOL this month?
A: An earlier SOL price analysis teased potential to hit $400 this month.
Q: Is Sol Strategies investing in SOL?
A: Yes, Canadian publicly listed firm Sol Strategies has confirmed investment in SOL.
