Cointelegraph sat down with Solana co-founder Raj Gokal to talk about Web3, scalability, tokenization and more.
Raj Gokal, co-founder of blockchain protocol Solana and chief operations officer of Solana Labs, started his career in venture capital with a focus on high-growth tech business.
Cointelegraph: There has been a noted absence of substantial real-world use cases in the Web3 domain. This contributes to the perception that there’s no product-market fit for the industry. What are a few real-world use cases Web3 is currently prioritizing?A real-world use case that comes to mind is decentralized physical infrastructure networks, or DEPIN. Developers often lead the way, as seen with projects like Helium, which established a decentralized 5G network with 1.
There are several such architectural decisions that make real-world solutions possible on blockchains. It is often not just one feature — it is the convergence of several architectural considerations that make it viable and scalable. Solana Pay, on the other hand, operates at the crossroads of fostering a more accessible and open payments ecosystem. If you look at the Bitcoin white paper, the initial purpose of Bitcoin and the whole idea of digital money was to facilitate permissionless peer-to-peer online payments. That was the initial vision for cryptocurrencies.By providing an alternative platform, Solana aims to influence these giants to adopt more user-centric and app-friendly frameworks.
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