Solana pt. 2

Basic information and questions that frequently asked regarding Solana.

Who is the Founder of Solana?

As we’ve seen how’s Solana has become cooler each day, here’s the behind-the-stage man. The founder of Solana is Anatoly Yakavenko who used to be quite smart and worked at Quallcomm for a decade. With the hard work he has done, he finally found a blockchain called Solana.

Why Solana Skyrocketed Recently?

The first thing to note is that Solana has a block time of around 400 m/s, which is very fast. Compared to Ethereum, which is only 10 seconds, and Bitcoin 10 minutes, Solana will be the center of attention. Solana is also very proud to handle up to 710,000 transactions/second, which means his speed exceeds 30x more than VISA can run. This means that Solana is so fast, terrible, and fast that it can become the center of attention of traders and investors.

What Makes Solana So Fast and Inexpensive?

The first thing to explain is that they’re a consensus mechanism, which is a fancy way of saying everyone agrees on what a blockchain should look like. Anatoly described a new system called Proof Of History. It is a Proof Of Stake system but adds some particular time variables so that you all know that Proof Of History is not a consensus mechanism but a way of integrating time into blockchain data. Solana uses a Timestamp to place a specific date and time in a block, and Solana does this, thus enabling high-speed sorting of validators.

What Makes Solana Different From Others?

Other blockchains have one big problem: they have to agree by time, and we’ll take it for granted, but computers have to constantly run ‘what time is now because they can’t do things like look at their phone or sun to define on the blockchain. On other blockchains, note that the word Mewar means the computers on the network have to connect back and forth until they agree on a time, and they have to do this before sending the block, and on other computers, this connection can take a lot of time. Solana fixed it using Proof Of History so that everyone stamps their partnership and uses cryptographic proofs, so they don’t have to wait for everyone to agree on a time.

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