Solana
SOL

2.010
$
9.03 %
Change 24h
Market Cap
$ 92,291,000
Volume 24h
$ 19,343,800
Circulating Supply
46,264,500
SOL
$
Description
Solana is building the architecture of their blockchain based on Proof of History (PoH); a proof for verifying order and passage of time between events. The purpose of PoH is used to encode the trustless passage of time into a ledger. A Proof of Stake (PoS) consensus mechanism is then leveraged for confirmation of the current sequence produced by the Proof of History generator. PoS is also used for voting and selecting the next Proof of History generator node and for punishing any validators that act against the interest of the network. Up to 710k transactions/second on a 1gb network without data partitioning Proof of History Encoding time as data in the replicated state allows for simple and efficient proofs and protocols. Performant System Architecture The network is arranged for maximum throughput and high availability. Our smart contracts bytecode is based on Berkeley Packet Filter designed for fast execution. Fast Proof of Replication A fast streaming Proof of Replication is designed for storing a large distributed ledger. Consensus independent from transaction flow Transactions flow through the network independent of consensus and are limited only by hardware.
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