How does Solana work?
Solana is a high-performance blockchain platform that is designed to provide scalability, security, and decentralization.
It utilizes a unique consensus algorithm called Proof of History (PoH) to enable fast and secure transactions. At the core of Solana’s technology is its PoH consensus algorithm. This algorithm uses a combination of digital signatures, timestamps, and cryptographic hashes to ensure that all transactions are securely recorded on the blockchain.
This ensures that all transactions are immutable and cannot be tampered with or reversed. The PoH consensus algorithm also allows for fast transaction processing times. Transactions are processed in batches, which allows for more transactions to be processed in a shorter amount of time than traditional blockchains.
This makes it possible for Solana to process up to 50,000 transactions per second (TPS). In addition to its PoH consensus algorithm, Solana also utilizes a unique architecture called “Gulf Stream” which allows for faster block propagation across the network. This architecture helps reduce latency and improves overall network performance.