Max Lyman - Founder of Solon Labs

<p></p><p>Cryptocurrency has grown exponentially over the past decade and is now a major player in the financial sector. Max Lyman and his brother who started a cryptocurrency mining company in 2018, are prime examples of the advancements crypto has made. Although their mining business did not survive the crash of 2018, Max continued to explore the space, consulting for Ethereum protocols and eventually founding Solon Labs with his co-founder Ben in 2020.Max was drawn to the Ethereum ecosystem because of its potential to create a system of decentralization that could protect people from corruption and inflation. Decentralization and blockchain technology enable people to be their own custodians and keep their assets in something stable, like US Dollar coin, without having to trust their local currency or any banks. As Max and Ben discussed on a recent podcast, “people are always doing what’s in their best interest. We would hope they act that they do things for the greater good so that everybody wins.”Max’s goal with Solon Labs is to create a platform that simplifies the process of transacting on the Ethereum blockchain, allowing users to pay transaction fees in whatever asset they are trading and bringing them all into one central location. To do this, Max is developing an operating system for decentralization that will make interacting with decentralized applications more user friendly. This system will include a home screen of applications that represent individual companies or operations, as well as solutions such as bundling transactions together to reduce costs, social recovery instead of seed phrases for wallet creation, and a smart contract wallet with a time lock to protect users from losing their assets in case of a hack.Max’s motivation for creating this system is rooted in his knowledge of the power of decentralization, but also in his own personal experience. As a student of electrical engineering at Northeastern University, Max was considering dropping out to focus on his business, but found a way t