1. Solana’s Proof of History (PoH) Consensus Mechanism:
-Timestamping Transactions: PoH allows Solana to create a cryptographic record that proves that an event has occurred at a specific moment in time. This unique feature provides a way to order transactions without needing to wait for confirmations from other noes, reducing latency.
– Increased Throughput: By integrating a historical record, Solana reduces the time required for validators to reach consensus on transaction ordering. This enables the network to process to thousands of transactions per second (over 65,000 at peak), contributing to its high throughput.
2. Potential of Educhain on Solana:
– Decentralized Access: EduChain could leverage Solana’s low transaction costs and fast processing to create an accessible, decentralized education platform where learners from different backgrounds can enroll in course without high barriers.
– Credential Verification: Using blockchain technology for issuing and verifying educational credentials can eliminate fraudulent claims and provides a transparent method of employers to verify qualifications.
3. Scalability of Solana’s Architecture:
-Horizontal Scability: Solana’s architecture support horizontal scaling through a unique feature called “sealevel” which allows many transactions to be processed in parallel, rather than sequentially. This parallelization of transactions processing is key to maintaining performance as demand increases.
-Transaction Pipelines: The network employs a robust pipeline for data processing that allows it to handle a large volume of transactions efficiently. This includes different stages such as fetching, validation, and executing transactions simultaneously.
Thanks
Angela
READ NEWSLETTER ARTICLE HERE: https://prisonprofessorstalent.com/journal-entries/march-21-2024-lesson-21-solana-sol/
