Backpack Founder: Solana is currently the only network capable of achieving large-scale decentralized execution

By: theblockbeats.news|2025/12/12 08:46:00

Share

copy

BlockBeats News, December 12, Backpack founder Armani Ferrante stated at the Solana Breakpoint conference that "Solana is currently the only network capable of achieving decentralized execution at scale. Over the past few years, developers have explored a very large design space on how to solve the scalability issue. Going back to 2017, 2018, at that time, there were possibly hundreds of projects that received billions, even tens of billions of dollars in funding. But as far as I know, Solana seems to be the only one that can truly achieve this at scale."

You may also like

December 26th Market Key Intelligence, How Much Did You Miss?

December 26th Market Key Intelligence, How Much Did You Miss?

1. On-chain Funds: $7.8M USD inflow to Hyperliquid today; $5.5M USD outflow from Solana 2. Largest Price Swings: $ISLM, $FTN 3. Top News: Trust Wallet will ensure all affected users receive refunds, users need to complete the upgrade process promptly

Crypto Christmas Heist: Over $6 Million Lost, Trust Wallet Chrome Extension Wallet Hacked Analysis

Crypto Christmas Heist: Over $6 Million Lost, Trust Wallet Chrome Extension Wallet Hacked Analysis

Trust Wallet Browser Extension version 2.68 has been found to contain a malicious backdoor, resulting in user funds being stolen, with a total loss exceeding $6 million.

Blockchains Quietly Brace for Quantum Threat Amid Bitcoin Debate

Blockchains Quietly Brace for Quantum Threat Amid Bitcoin Debate

Key Takeaways Cryptocurrency networks, especially altcoins, are enhancing security to prepare for potential quantum computing threats. Bitcoin faces…

Canton Token Surges Amid DTCC’s Tokenized Treasury Plans

Canton Token Surges Amid DTCC’s Tokenized Treasury Plans

Key Takeaways Canton Coin has surged by approximately 27% due to growing institutional interest and DTCC’s announcement to…

Blockchains Quietly Ready Themselves for the Quantum Threat as Bitcoin Debates Its Timeline

Blockchains Quietly Ready Themselves for the Quantum Threat as Bitcoin Debates Its Timeline

Key Takeaways: Altcoin blockchains, including Ethereum and Solana, are proactively developing defenses against a potential quantum computing threat,…

Canton Coin Rallies as DTCC Introduces Tokenized Treasury Plans

Canton Coin Rallies as DTCC Introduces Tokenized Treasury Plans

Key Takeaways Canton Coin surged by 27% following DTCC’s announcement of tokenizing US Treasury securities on its Canton…

Canton Token Climbs Amid DTCC’s Tokenized Treasury Plans

Canton Token Climbs Amid DTCC’s Tokenized Treasury Plans

Key Takeaways: The Canton Coin experienced a 27% increase following DTCC’s announcement of tokenizing US Treasury securities. The…

Blockchains Quietly Brace for Quantum Threats while Bitcoin Engages in Timeline Debate

Blockchains Quietly Brace for Quantum Threats while Bitcoin Engages in Timeline Debate

Key Takeaways: Diverse blockchains are proactively exploring quantum-resistant technologies, unlike Bitcoin, where consensus on quantum threat response is…

Three Titans Bet $17 Million, FIN Makes Strong Move into Cross-Border Payments

Three Titans Bet $17 Million, FIN Makes Strong Move into Cross-Border Payments

With backing from institutions such as Pantera, Sequoia, Samsung Next, FIN aims to transition stablecoins from a crypto tool to a high-value payment rail.

Cryptocurrency as a Christmas Gift? Gen Z Is Reconsidering

Cryptocurrency as a Christmas Gift? Gen Z Is Reconsidering

Generation Z is not averse to cryptocurrency, but rather tends to see it as a "nice-to-have but not a must-have" fringe option

Stepping into the Stablecoin Craze After Six Years, He Sees the Shape of the Future of Payments

Stepping into the Stablecoin Craze After Six Years, He Sees the Shape of the Future of Payments

When a stablecoin is referred to as "financial infrastructure," the real revolution has already occurred beneath the surface. Raj Parekh, one of the witnesses, revisited this six-year-long experiment and where it is headed.

Over $6 Million Stolen: Trust Wallet Source Code Compromised, How Did Official Version Become Hacker Backdoor?

Over $6 Million Stolen: Trust Wallet Source Code Compromised, How Did Official Version Become Hacker Backdoor?

The attacker started preparations at least on December 8, successfully implanted a backdoor on December 22, and began transferring funds on Christmas Day, December 25.

30 Predictions, Filtered for Five 2026 Crypto Consensus

30 Predictions, Filtered for Five 2026 Crypto Consensus

Crypto Industry Worker Must Hold On Until the End

2025 Crypto Rich List: 12 Big Winners, Who Bet on the Money Maker?

2025 Crypto Rich List: 12 Big Winners, Who Bet on the Money Maker?

In 2025, the winners are not just those assets that have seen price increases, but also protocols, personalities, and products that have fundamentally established themselves in the future financial landscape.

「Macro Master」 Raoul Pal on 30x Growth Under Indexation: Bitcoin Will Eventually Surpass Gold

「Macro Master」 Raoul Pal on 30x Growth Under Indexation: Bitcoin Will Eventually Surpass Gold

The total cryptocurrency market capitalization still has a 30x growth potential, but not all tokens can achieve a 1000x return.

Uniswap Pay Dispute Escalates, Maple Finance Loan volume Hits All-Time High, What's the Overseas Crypto Community Talking About Today?

Uniswap Pay Dispute Escalates, Maple Finance Loan volume Hits All-Time High, What's the Overseas Crypto Community Talking About Today?

What Has the Foreigner Been Most Interested in the Last 24 Hours?

Blockchains Quietly Prepare for Quantum Threat as Bitcoin Debates Timeline

Blockchains Quietly Prepare for Quantum Threat as Bitcoin Debates Timeline

Key Takeaways: Several blockchains, including Ethereum, Solana, and Aptos, are actively preparing for the potential threat posed by…

Former SEC Counsel Explains What It Takes to Make RWAs Compliant

Former SEC Counsel Explains What It Takes to Make RWAs Compliant

Key Takeaways The SEC’s shifting approach is aiding the growth of Real-World Assets (RWAs), but jurisdictional and yield…

December 26th Market Key Intelligence, How Much Did You Miss?

1. On-chain Funds: $7.8M USD inflow to Hyperliquid today; $5.5M USD outflow from Solana 2. Largest Price Swings: $ISLM, $FTN 3. Top News: Trust Wallet will ensure all affected users receive refunds, users need to complete the upgrade process promptly

Crypto Christmas Heist: Over $6 Million Lost, Trust Wallet Chrome Extension Wallet Hacked Analysis

Trust Wallet Browser Extension version 2.68 has been found to contain a malicious backdoor, resulting in user funds being stolen, with a total loss exceeding $6 million.

Blockchains Quietly Brace for Quantum Threat Amid Bitcoin Debate

Key Takeaways Cryptocurrency networks, especially altcoins, are enhancing security to prepare for potential quantum computing threats. Bitcoin faces…

Canton Token Surges Amid DTCC’s Tokenized Treasury Plans

Key Takeaways Canton Coin has surged by approximately 27% due to growing institutional interest and DTCC’s announcement to…

Blockchains Quietly Ready Themselves for the Quantum Threat as Bitcoin Debates Its Timeline

Key Takeaways: Altcoin blockchains, including Ethereum and Solana, are proactively developing defenses against a potential quantum computing threat,…

Canton Coin Rallies as DTCC Introduces Tokenized Treasury Plans

Key Takeaways Canton Coin surged by 27% following DTCC’s announcement of tokenizing US Treasury securities on its Canton…

Popular coins

Latest Crypto News

15:46

DeBot: Will promptly compensate affected users, and recommend transferring assets from the at-risk wallet to a secure wallet

BlockBeats News, December 27. In an official update post, DeBot announced, "To safeguard user assets, you can quickly transfer assets from the at-risk wallet to a secure wallet address.Quick Transfer Steps:1. Go to the DeBot asset management page.2. Click the 'Transfer' button to transfer the balanc...

15:46

SlowMist: Debot Risk Wallet User Private Key Theft, Hacker Currently Profits $255,000 Assets

BlockBeats News, December 27th, Slowmist founder Wu Xie posted that "I am currently following up on the DeBot theft incident, examining the on-chain situation. The private keys of the risk wallets previously marked by Debot have been stolen. The hacker currently holds $255,000 worth of assets, and t...

15:16

DeBot Suspected to Be Compromised, Official Statement Says Safe Wallet Address Operating Normally

BlockBeats News, December 27th. According to community reports, some users have claimed that the DeBot wallet may have been compromised, leading to abnormal asset transfers.In response to this incident, the DeBot team stated, "The DeBot secure wallet address is functioning normally and has not been ...

15:16

Next Week Macro Outlook: Fed Minutes to Reveal Rate Cut Clues for Next Year

BlockBeats News, December 27th - Last week, despite the Christmas holiday in the peripheral market, the prices of gold, silver, and platinum all soared to historic highs, continuing the precious metals' historic year-end rally. Driven by safe-haven sentiment and rate cut expectations, spot gold cont...

13:16

The Flow Foundation is currently investigating a potential security incident that may impact the Flow network.

BlockBeats News, December 27th, according to official sources, the Flow Foundation is investigating a potential security incident that may affect the Flow network. Currently, the engineering team has been collaborating with network partners to actively promote risk mitigation and response efforts. O...

Customer Support：@weikecs

Business Cooperation：@weikecs

Quant Trading & MM：bd@weex.com

VIP Services：support@weex.com

App