He spent thirteen years building phone software at Qualcomm, then worked out how to make a blockchain keep time and used it to build Solana - the fastest chain in crypto and for a while the one most likely to fall over. FTX nearly took it down with them. It came back anyway.
The whitepaper that started Solana: a cryptographic clock that lets a chain order events without every node checking with every other. It is the whole reason Solana is fast.
He and a handful of ex-Qualcomm engineers named the company after Solana Beach, north of San Diego, where they used to surf. The token was worth less than a dollar.
The main network went live in March 2020. It was extraordinarily fast and, for years, embarrassingly prone to grinding to a full stop under load.
In a single year the token went from a few dollars to an all-time high near $260, and Solana was suddenly named as the serious challenger to Ethereum.
FTX and Alameda were among Solana's largest backers. When they collapsed in November, SOL fell more than 90% and most of the industry wrote the chain off for dead.
A faster validator client and a wave of memecoin trading pushed Solana past every other chain on daily transactions and fees. The obituaries aged badly.
Two years into the recovery, Solana is a fixture of the top five and Yakovenko is back to arguing about hardware limits rather than survival.
You need a clock before you can agree on anything. That is really all Proof of History is.
We optimised for speed and paid for it in uptime. I would make the same trade again.