![]() ![]() Solana uses Bitcoin’s SHA256 mining algorithm with the addition of a Verifiable Delay Function to create a historical record of events on the blockchain. This is similar to how a photo of a hostage holding the latest edition of a newspaper proves that the hostage was alive after that particular newspaper was published. The concept of Proof of History involves proving that a message occurred before or after a known event, rather than relying on a timestamp. Other benefits to building on Solana include audited, enterprise-grade security and the flexibility to code in popular languages such as C, C++, and Rust. Solana also maintains composability between ecosystem projects through its single global state, which means that it’s not necessary to integrate with multiple shards or Layer-2 solutions. The blockchain remains low-cost and fast as it scales, with an average transaction fee of $0.00025, a block time that’s usually under one second, and a sub-second finality. The result of PoH and Solana’s other key innovations is a network that is highly scalable – in fact, Solana boasts a maximum throughput of 50,000 transactions per second. PoH is not a consensus mechanism, but it does play an important role in Solana’s Proof of Stake consensus mechanism. To keep time on the blockchain, Solana employs an innovative process known as Proof of History. The architecture is censorship resistant, fast, and secure, and designed to facilitate global adoption. Solana is an open infrastructure for building scalable crypto apps. What are clusters on the Solana network?.How Many Solana (SOL) Coins Are There In Circulation?. ![]() Who Are The Founders of Solana? (History of Solana). ![]()
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