SafeCoin: Improvements to Solana and the accessibility of blockchain technology


Jeff Galloway

Date of Talk


Jeff has been doing blockchain development since 2013 and comes from project management and an IT-focused background. He founded Safecoin in 2018 and continues to strive to grow and improve the SafeCoin ecosystem and its core values of safety, security, and privacy.


SafeCoin is a fast and efficient Proof-of-Stake blockchain built using the Solana code base. SafeCoin was designed with security, sustainability and utility in mind and develops everything open-source with accessibility and decentralization at the forefront. Solana’s unique multi-threaded architecture and Proof-of-History protocol is implemented in the SafeCoin network, providing the ability to process 65,000+ transactions per second. With the power of multi-threading and our modified consensus, SafeCoin is arguably the world's most energy- efficient cryptocurrency using ~0.0000027kWh per transaction. By implementing a more efficient consensus, better participation of block production for a lower stake amount is achieved. This makes SafeCoin 836.6 million times more energy-efficient than Bitcoin and even 100 times more efficient than Solana. Furthermore, by improving the compression of the network, the requirements to run a validator are reduced by 80%, allowing nearly anyone to participate in the network. This allows for higher diversification of validating nodes around the globe, increasing decentralization.

External Link

Read the Research Paper

First Nations land acknowledegement

We acknowledge that the UBC Point Grey campus is situated on the traditional, ancestral, and unceded territory of the xʷməθkʷəy̓əm.

UBC Crest The official logo of the University of British Columbia. Urgent Message An exclamation mark in a speech bubble. Caret An arrowhead indicating direction. Arrow An arrow indicating direction. Arrow in Circle An arrow indicating direction. Arrow in Circle An arrow indicating direction. Chats Two speech clouds. Facebook The logo for the Facebook social media service. Information The letter 'i' in a circle. Instagram The logo for the Instagram social media service. External Link An arrow entering a square. Linkedin The logo for the LinkedIn social media service. Location Pin A map location pin. Mail An envelope. Menu Three horizontal lines indicating a menu. Minus A minus sign. Telephone An antique telephone. Plus A plus symbol indicating more or the ability to add. Search A magnifying glass. Twitter The logo for the Twitter social media service. Youtube The logo for the YouTube video sharing service.