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Solana (SOL) Blockchain with Highest 65,000 Transactions per seconds [Exclusive Article]

By CryptoPk | Blockchaintech | 27 Apr 2020

hello readers, I again hope for your good health and tremendous success in a crypto industry which is assumed to be the future of the financial world. While everyone is wandering for the best project to invest its time and money, As I am doing from the previous 4 years now. I have seen the many blockchains with the highest transactions per second like EOS and TRON (TRX). Ripple XRP and many others with few thousand per second of transactions. But I've personally never seen the fastest blockchain ever like the new Solana (SOL) created by the Qualcomm back in 2017 as they say it.

solana web scale blockchain 

SOLANA is backed by which companies?

The biggest and most important about Solana (SOL) is that it was built with blood, sweat, tears, and experience from technology's most innovative companies. And among them are Apple Inc, Qualcomm, Intel, Google, Microsoft, Twitter, and much more. If that's true to be claimed by the founder of the company then it can be huge in the Blockchain Industry. And Solana (SOL) is still undervalued with only 0.60$ a coin with a maximum supply of 500 Million. We don't know how many coins are distributed yet. But in the future, it looks promising. You can check all of these in the image below:

Solana sponsored by which companies

Solana (SOL) is a web-scale blockchain for fast secure and scalable decentralized applications. Its current TPS is around more than 50K transactions per second on the test net. Its already listed on Binance's main exchange. Its block-time is also minimal with only 400 Mili seconds per block. Wao isn't that amazing? wait, its transaction cost is also minimal of only 0.00001$ per transaction which may arise in the future due to the bullish price trend of SOLANA coin (SOL). 50 validators are required to validate the transactions which ensure the security of the network. They say 

8 core innovations in blockchain let you focus on scalability rather than focusing on infrastructure. 

Solana Blockchain features

As I said earlier Solana (SOL) is still undervalued with 0.60$ a coin as of writing this article. The live price can be checked below, However, it has the potential of gaining many folds if the team promised to work on the project as described in the whitepaper. And If its true to be backed by the major tech companies around the globe. The giant Apple, Qualcomm, and Google are enough to put SOLANA blockchain to the next level and it can be a competitor to TRON and EOS specifically. However, I cannot compare it with Ethereum as Ethereum is backed by thousands of programmers around the globe. ETH is the next-generation blockchain and it has the potential to compete with the founder of blockchain 'The one and only Bitcoin'. 

Solana Blockchain consists of these key elements which make this blockchain unique and new in the industry to have the potential to revolutionize the blockchain tech. 

There are 8 key innovations that make the Solana network possible:
  • Proof of History (POH) — a clock before consensus;
  • Tower BFT — a PoH-optimized version of PBFT;
  • Turbine — a block propagation protocol;
  • Gulf Stream — Mempool-less transaction forwarding protocol;
  • Sealevel — Parallel smart contracts run-time;
  • Pipelining — a Transaction Processing Unit for validation optimization
  • Cloudbreak — Horizontally-Scaled Accounts Database; and
  • Replicators — Distributed ledger store

Proof of History (PoH) A clock before consensus

Solana with Proof of History PoH can become the most performing permissionless blockchain in the world. It can also be termed as the Backbone of Solana Blockchain. It actually solves the time glitches within different blockchains due to the timestamp difference by different miners on the network. Some have a higher tendency of hashing power while some have low. for example, Google spanner uses a synchronized atomic clock to solve this problem, and engineers in Google company updates time algorithm to remove the deficiency. The problem becomes more severe in certain blockchain when nodes running on the blockchain doesn't accept the timestamp of external source within the network other then Nodes. Hashgraph, for example, solves this problem with a “median” timestamp. Each message that is seen by the network is signed and timestamped by a supermajority of the network.

proof of history the backone of solana a clock before consensus

I participated in Solana Airdrop however wasn't able to get some SOL due to the higher number of participants on Binance. However, I am still spending my time learning more about this new and improved with a unique algorithm of blockchain. I will not suggest investing from your pocket directly on this project but rather consider the free earning from this platform to convert BAT, DAI, or LRC to SOL on Binance as you like. Try to invest in your savings. As I have always emphasized on invest what you cant afford to lose.

I wish everyone a successful journey in Blockchain tech, Keep learning new things in this revolution of the new technology. Please like and follow for more to my blog on Publish0x and TIP yourself along with the author for his time. Thank you!


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