Benzinga - Solana (CRYPTO: SOL), a layer-1 blockchain has the "potential to be the Apple of crypto," according to its co-founder Raj Gokal.
What Happened: Gokal on Monday discussed Solana’s strategy with TechCrunch+. He drew parallels between Apple’s user experience and performance focus and Solana’s core engineering and ecosystem approach.
"I think about Apple, having worked for close to a decade on latency for touchscreens to allow for the iPhone to come out, and it just felt like magic," Gokal was quoted as saying.
Solana aims to create a network that feels like the internet, with a relentless focus on a simple interaction that works flawlessly; it’s an entirely new financial internet.
Why It Matters: Solana may be competing with Apple in other ways too. For one, Solana rolled out Saga – a web3-focused Android smartphone – to the public in April, aimed at making crypto products and services more accessible for users.
Saga provides this access for users through a phone rather than the traditional way of accessing crypto platforms and applications using computers.
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Solana is continuing to keep itself fresh and competitive, according to Gokal. He says that the core focus is on new businesses, projects, and independent developers.
Price Action: At the time of writing, SOL was trading at $21, up 1.23% in the last 24 hours, according to Benzinga Pro.
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