Cantelopepeel, the core developer of Solana, announced his resignation and founded Unto Labs, planning to develop a new Layer1 blockchain. As the core engineer of the Firedancer new client, he led the team to demonstrate the performance of processing one million transactions per second and 10 billion computing units per second at Breakpoint 2024. Unto Labs will adopt a new architecture, redesigning from virtual machines to consensus mechanisms, but will not create an SVM chain. Cantelopepeel expects to have tens of millions of daily active wallet users by 2025, and the new project will focus on meeting this demand.
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