Both start-up and lean start-ups begin with an idea but the major difference occurs with the speed of the process.

Differen

Start-up is a process to create and generate new products through innovation and creativity. But, as reiterated by Erik Reiss, a Lean start-up is a start-up process done very fast. Lean is not for failure, it is a way to stay away from failure by experimenting with the product and market. Lean is built to last, through great experimentation.

Startup Vs Lean Startup 

The start-ups emerge on the basis of ‘build, measure and learn’ . This process is unique to both start-ups and lean start-ups. In the case of building a start-up the process ‘build, measure, and learn’ is a one-time process. But, in a lean start-up, this works in a loop and keeps on working until the product is out and stabilises in the market.

Lean Only

A start-up begins with an idea, feasibility and validity are checked and market demand and many other things are taken into consideration. However, in a lean start-up, things start with an idea but their process is fast. Eric says start up is a great experiment.

Startup Is  A Great Experiment 

Know The easy differences between startupa ND lean startup 

This blog explains few important differences between start-up and lean start-up

Start-up

Start-up and Lean Startup: Differences

India is changing and is rapidly moving towards skill-oriented jobs. As per McKinsey’s report, India is the world's fastest digitizing economy only after Indonesia. It also happens to be the world's third-largest start-up centre. Bengaluru is called the "new Silicon Valley" for the right reasons. Recently, LinkedIn released a list of in-demand skills in India that entail a brighter future.

New Silicon Valley in India?

Blockchain Developers are responsible for creating and optimizing blockchain protocols. They design blockchain systems' architecture and create technology-related goods and services. They are usually required to develop a backend pertaining to the blockchain. There are endless opportunities available along with great remuneration in the market. This demand will only increase in the future. However, there are several important technical skills that a candidate is expected to have, including concepts like cryptographic hash functions, smart contract development, and languages.

Blockchain Developers

JavaScript Developers are involved in the programming, development, and implementation of a website. The programming language is expected to see more job prospects in the near future. Employers are also expected to work in front-end systems that define the behaviour of the visual elements of a web application. Anybody wishing to be a JavaScript developer needs to start reading quality content along with upgrading skills like asynchronous and functional programming. Good communication helps to keep up with the industry.

JavaScript Developers

AI (Artificial Intelligence) Specialists are the backbone of businesses across the world. They work to automate processes and machine learning. They work with major technologies by solving business or research problems using NLP (natural language processing), text, or image recognition. Their contribution to the market is being highly recognized. Their services are in-demand in cities like Pune, Hyderabad, and Bengaluru in top industries like IT, Internet, research, and education management.

AI (Artificial Intelligence) Specialists 

RPA (Robotic Process Automation) Consultant is required to work with organizations to help them optimize the use of RPA to maximize their profits. Using skills like UiPath, Blue Prism, SQL, and process automation, RPA consultants are involved in creating software robots that automate manual business processes. They are also expected to have experience with Agile and DevOps along with proficiency in programming languages like Python, C, C++, and Java.

RPA (Robotic Process Automation) Consultant

Growth Managers are the most required for any company’s proper functioning. They use growth hacking techniques to manage and evolve businesses. They are responsible for getting more clients for business. They work on large data sets to analyze market insights and recognize opportunities in the market. Apart from business-market research, they are expected to work on team management, growth, and digital marketing strategies. Food and beverage, Internet, IT, financial services, and marketing and advertising are among the major industries that use these abilities.

Growth Managers

Indian Job Prospects: Top IT Skills in Demand

Even though Solana is a relative newcomer to the blockchain space, the protocol has already established itself as one of the most prominent blockchain projects out there. The rising popularity of <a href="https://limechain.tech/blog/top-nft-marketplaces/">NFT marketplaces </a>running on Solana has been among the recent success stories in the blockchain space, while the protocol’s native token SOL has been among the best-performing cryptocurrencies this year and is currently the fifth most valuable token on the market.

Yakovenko and the Solana team found a way to utilize that method in a blockchain-based system by using a similar mechanism to the nLocktime feature that can be found in the original blockchain protocol – Bitcoin. NLocktime allows for postdate transactions using block height instead of timestamps. As it turns out, this is a cryptographically-secure way to show that time has passed. The same principle is used to power Solana’s key innovation – the novel Proof of History algorithm. However, the Solana team has refined the approach by using a much more granular verifiable delay function, a SHA 256 hash chain, which is used to checkpoint the Solana ledger and coordinate consensus. Essentially, this method assigns a cryptographic clock to every transaction.  According to Solana, thanks to this method, the protocol could theoretically reach 710,000 transactions per second, or the theoretical limit of a 1GB centralized network.

What is Solana’s Proof of History?

In addition to Proof of History, Solana utilizes a Proof of Stake algorithm which lets users stake tokens to help secure the Solana network. The protocol uses a delegated stake model, which sees users delegating their tokens to established network validators. This is a shared-risk, shared-reward model that incentivizes token holders to have their tokens delegated for long periods of time. At the same time, the goal of a validator is to get more people to delegate tokens because the delegated stake size determines how often a validator is chosen to write new transactions to the ledger. In addition, similarly to other PoS protocols, Solana employs a slashing mechanism – which removes and destroys tokens from a stake – to penalize malicious behavior, which creates a financial incentive for validators to perform their duties diligently. Validators also charge delegators with a commission fee, which is calculated as a percentage of rewards earned. This fee is meant to cover the costs validators incur when running and maintaining their systems. And since validators always look to attract more deligators, this encourages them to compete on fees  – naturally, validators who offer lower fees for their services are more attractive.

What is Solana’s Proof of Stake?

At the heart of the protocol’s architecture lies the Solana cluster – a set of validators working together to serve client transactions and maintain a ledger. At any given moment, a cluster has a leader, with the role being in rotation among all validators participating in that cluster. The cluster leader is responsible for bundling and timestamping incoming client transactions (which are first received by validators and then relayed to the leader) by utilizing the PoH algorithm. Then the leader pushes them onto the cluster’s ‘data plane’. From there they are validated by the validators and added to the ledger.

Architecture

For starters, smart contracts in Solana are called programs and are stateless. This means that, unlike Ethereum smart contracts which contain both the program logic and state, Solana programs contain only the logic and are deployed on-chain in a ‘read-only’ mode. Once deployed, the programs can be accessed by external accounts, which contain the data related to program interaction (unlike Ethereum accounts, accounts on Solana can store data). This separation of logic and state informs the specific production flow of Solana dApps. Every Solana dApp consists of two parts: a blockchain-based program (or set of programs) and a web application through which users can interact with the blockchain code. The blockchain program is deployed directly to a Solana cluster and users can then send instructions to the program via transactions. A single transaction can contain one or several instructions, which are then executed sequentially and atomically. If all instructions are valid, the program is successfully executed. However, if even a single instruction is invalid, the changes made by the transaction are discarded.

What is Solana’s Programmability?

Every Solana dApp consists of two parts: a blockchain-based program (or set of programs) and a web application through which users can interact with the blockchain code. The blockchain program is deployed directly to a Solana cluster and users can then send instructions to the program via transactions. A single transaction can contain one or several instructions, which are then executed sequentially and atomically. If all instructions are valid, the program is successfully executed. However, if even a single instruction is invalid, the changes made by the transaction are discarded.

Solana’s impressive performance in terms of transaction throughput and cost effectiveness has allowed the protocol to emerge as one of the most prominent players in the DLT space. The recent boom of Solana-based NFTs and the rise of NFT marketplaces like Solanart has shown that the platform is capable of competing in an area where Ethereum is widely viewed as an undisputed leader. Meanwhile, the spectacular rise of the SOL token this year suggests that there are many who believe that Solana has a bright future.

What are Solana’s Ups and downs?

What is Solana? A public blockchain that uses novel consensus and synchronization techniques to achieve high transaction throughput.

What is Solana?

Web3 startups’ cap tables <a href="https://techcrunch.com/2022/04/09/crypto-cap-table-venture/?guccounter=1">can look quite different </a>from traditional ones. In addition to issuing equity as a form of incentive alignment for employees, as a typical startup would, crypto companies often also issue tokens that represent ownership. Tokens are an entirely separate asset class with their own complexities, rules and regulations.

Token management differs from equity management because of some fundamental differences between the two asset classes, Ji said. Tokens are more dynamic than equity — you can vote with them, stake them, lend them out, and provide liquidity, he continued.

Another key difference is that when traditional equity is transferred, legal papers and agreements serve the purpose of tracking ownership. In contrast, when tokens are transferred, assets move on a blockchain and a transfer of custody takes place, Ji explained. The technology needed to transfer tokens can be complex, sometimes requiring companies to write custom code.

“The same way that you would think about distributing equity to investors or employees, there’s a similar strategy that you want to apply on reserving a finite supply of tokens, and how you want to allocate them to the respective parties for the best ROI for your business,”The core product includes a dashboard where customers can see their smart contracts and tokens outstanding as well as tax compliance features. LiquiFi is also working on a product that would allow individuals with locked or vesting tokens to earn additional yield on those tokens while they’re being held

New Capability

Y Combinator alum LiquiFi raised a $5 million seed round led by Dragonfly to help crypto companies manage their cap tables

HowTo

LiquiFi is building the ‘Carta of web3’ for companies issuing tokens on the blockchain – TechCrunch

There is no hand-off in teams that have a business boundary well defined.A team could do new work end-to-end, from the business requirements to development and running in production.

Identify business domains and boundaries

Smaller components could be individually released.

Rebrand services team as a platform team

Combine team topologies with Wardley mapping in order to guide the strategy and target architecture.

Wardley Mapping

Instead of building something very large and complicated service keep it as small and viable as possible.

Adopt the Thinnest Viable Platform

Identify streams within the organization and what else the stream-aligned teams need help with.

Define fracture planes - splitting the monolith

All the teams should work together in the beginning in order to have the boundaries properly defined.

High collaboration phase in the beginning

Understand if a team should be more of a stream-aligned team or an enabling team.

Wait and learn

A platform team will help a stream-aligned team reduce cognitive load and provides a "curated" platform experience.

Platform as a product

Team Topologies principles and practices like Stream-aligned teams, modern platforms, well-defined team interactions, and team cognitive load as a key driver for fast software delivery and operations.

By Matthew Skelton & Manuel Pais - Since the book, "Team Topologies", was published in 2019, organizations around the world have started to adopt Team Topologies principles and practices like Stream-aligned teams, modern platforms, well-defined team interactions, and team cognitive load as a key driver for fast software delivery and operations.

We will look at examples from these organizations:

-Footasylum gives fashion-focused youth a multi-branded retail experience mixing global sportswear household names with emerging brands and its own stable of in-house labels. Founded in 2005, Footasylum now has 70 stores across the UK and a thriving ecommerce platform, with revenue of £260m per annum and over 2500 employees. Footasylum used Team Topologies patterns to revolutionize their ecommerce platform.

-PureGym is Britain’s largest gym chain - the first to gain over 1 million members. As PureGym expanded, so did the need for software to enable their members to book and manage gym sessions. Since 2019, PureGym has re-aligned its teams and team interactions based on Team Topologies patterns, helping to scale the engineering teams and improve flow.

-uSwitch / RVU, one of the UK’s leading consumer price comparison websites, has grown a modern platform from scratch, allowing stream-aligned teams to focus on consumers needs, offloading infrastructure provisioning concerns to the platform which also provides cross-cutting services around scalability, security and data management

-Wealth Wizards is a UK company making financial advice affordable and accessible to everyone through online tools and apps. The engineering division at Wealth Wizards has used the Team Topologies ideas around team cognitive load to help right-size their teams and align teams to the most important flows of business change.

For each of these examples, we explore how the ideas and patterns in Team Topologies were useful to the organization and the results of the changes.

Start-up and Lean Startup: Differences

Indian Job Prospects: Top IT Skills in Demand

What is Solana?

LiquiFi is building the ‘Carta of web3’ for companies issuing tokens on the blockchain – TechCrunch

Team Topologies in Action: Early Results from Industry - Team Topologies

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