Day by day people are inventing new technology which makes life easier. One such technology is blockchain. Blockchain is the new word in the internet of things. It is not a simple invention. In today’s digital world, people lives run on government, economics, and everything is now available on the internet. People can do everything on the internet like banking, shopping, etc. Logging into a few apps.
Blockchain is a renowned fabric that records everything that happens, every digital transaction or exchange of value, goods. This chain stitches into blocks that can never be modified. It stores the data in every block across a worldwide network of distributed computers.
How it works
The blockchain works on a distributed database that maintains a shared list of records called blocks. The blockchain called Solana is made with two components, a decentralized network that is verifying transactions and a ledger that maintains the record. This network can be accessible for everyone to see the shared transaction. This is decentralized because no one is controlling the data whether it is a big bank or a big data company.
Blockchain is a database that stores the collection of information and is stored in a computer device. This information is formed which allows the user easy searching and filtering. This Solana Blockchain is a seamless, scalable, decentralized app and marketplace. It supports transactions per second. Its prime motive is to prove that there is a possible set of algorithms combined to create a blockchain.
To achieve its goal the developers have developed core technical features that help the blockchain match with the capabilities of a centralized system. The result is that the network is packed with a system. The key specification of this blockchain is – proof of history, Tower BFT, Gulf Stream, sea level, pipelining, turbine, cloud break.
Proof of history: The first and key feature of this blockchain is the proof of history mechanism. It creates more efficiency and throughput. This protocol enhances the efficiency with the integration of timestamps. It allows the system to more easily track the transaction. The system serves as the clock of the network.
Tower BFT: It is the second most important feature. The system increases the responsiveness by speeding up validation by approving simply previous votes other than running a whole chain of transactions.
Gulf Stream: It is the finest feature that works with mempool contest. It is a waiting area for the transaction before they go into the next block. Gulf Stream offers a new strategy that allows the network to forward transactions to validators before the current block of the transaction is finished with its approval.
It also offers many other features. It is a perfect fit in comparison with another blockchain as it offers many breakthrough solutions at the performant layer. This platform offers security, bandwidth, and decentralization. It has on-check clock verification. Solana blockchain supports 65000 TPS. Its transaction fee is small and thus it is cost-effective. Decentralization is the core thing in any blockchain and Solana does it perfectly. In comparison with ethereum, Solana is more advanced in many aspects.