What is Proof of History? Proof-of-history (PoH) is a type of consensus mechanism that is used by the Solana blockchain to establish a verifiable record of events. It allows the network to agree on the order in which events occurred, even if some of the participants in the network are trying to deceive or manipulate …
What is Proof of Stake? Proof-of-stake (PoS) is a type of consensus algorithm that is used by some blockchain platforms to achieve distributed consensus. In a PoS system, the creator of a new block is chosen in a deterministic way, depending on their stake in the network. “Stake” refers to the number of coins or …
What is Solana Solana was founded in 2017 by Anatoly Yakovenko, a software engineer with experience in developing high-speed network protocols. The Solana network was launched in March 2020, and since then it has gained a reputation for being a fast and scalable blockchain platform that is well-suited for a wide range of decentralized applications. …