Anatoly Yakovenko
Key Takeaways
Anatoly Yakovenko is a computer engineer and entrepreneur who founded the Solana blockchain network.
Yakovenko’s more than a decade of experience as a software engineer at major corporations combined with his innovative idea gave birth to the Solana blockchain
Anatoly Yakovenko is the founder and CEO of one of the Ethereum killers, Solana blockchain. Similar to many of us and other blockchain founders, he made his way from working in a traditional industry to the blockchain industry. Having extensive working experience as a software engineer at Qualcomm, Yakovenko built the high-performance Solana blockchain.
Yakovenko’s technical knowledge combined with innovation has resulted in the scalability-focused Solana blockchain. However, the Ukraine-based founder says that he cannot imagine a world where Solana succeeds because Ethereum 2.0 fails. Let us learn more about his career journey, education, net worth, and personal life in this article
Anatoly Yakovenko Biography
Full name Anatoly Yakovenko
Age 42 years
Nationality Ukrainian
Spouse Laura Skelton
Education University of Illinois at Urbana - Champaign
Known for Solana
Profession Engineer, Entrepreneur
Title CEO and Founder of Solana
Net Worth $69 million
Early Life and Education of Anatoly Yakovenko
Anatoly Yakovenko was born in Ukraine but completed his education and established his career in the United States. He graduated from the University of Illinois Urbana-Champaign with a computer science degree. Because of the ongoing dot-com bubble during his education, Yakovenko was advised not to pursue computer science. But, it was a good thing he didn’t listen to them. Otherwise, we wouldn’t have one of the popular Ethereum killers, Solana blockchain today
Career Journey of Anatoly Yakovenko
During his education at the University of Illinois, Yakovenko founded a Voice Over Internet Protocol (VOIP) startup named Alescere. After working with it for more than 3 years, Yakovenko joined Qualcomm as a software engineer and worked with it under prominent roles for more than a decade.
At Qualcomm, Yakovenko worked on the development of advanced technologies such as virtual and augmented reality products, 3D cameras, and operating systems of mobile devices. After working with several other companies such as Mesosphere and Dropbox, the journey of Solana started
CEO of Solana Labs
Solana CEO Anatoly Yakovenko
Yakovenko was one of the early adopters of Bitcoin and Ethereum and kept a close eye on the emerging blockchain industry. To address the scalability issues and slow transaction processing times of the legacy blockchain networks, Yakovenko founded a new blockchain at the end of 2017. By joining forces with the Qualcomm alumni Greg Fitzgerald, Stephen Akridge, and Raj Gokal, Yakovenko founded the Solana blockchain, named after the popular Solana beach in California.
Yakovenko introduced the Proof-of-History (PoH) mechanism with Solana instead of relying on the existing Proof-of-Work (PoW) and Proof-of-Stake (PoS) consensus mechanisms. This new method promised scalability with faster transaction execution at low fees. The adoption of Solana increased significantly in 2021 and the Solana price went from nearly $2 to $250 in 2021. Despite the ongoing Ethereum 2.0 upgrades, Solana was believed to be the Ethereum Killer throughout the year.
However, Solana had to face networth outage issues several times after its price rally. The network couldn’t process the increasing number of transactions, while still being the blockchain with a high TPS of 65,000. However, the network was up and running within 24 hours and Yakovenko claimed that the incident showed the strength of the network
Solana network performance
improved significantly in 2023 with no signs of network outages and had 100% uptime in the first half of the year. The network has been expanding with more and more applications such as Web3 games, NFT projects, and others, along with network developments. And, Anatoly Yakovenko continues to be the CEO of the blockchain
Achievements
Apart from his extensive career journey at Qualcomm and other companies, Yakovenko holds patents to some of the crucial technological developments. The first one was filed in 2017 for general purpose lossless data compression using a recurrent neural network. And, the second patient of Yakovenko was filed in 2018 for lossless compression of content item using a neural network trained on content item cohorts
