Journal Entry: Stamatina Bourret-03/21/2024-Digital Economy Course Lesson 21

Journal Entry

Digital Economy Lesson 21: Solana

1.Solanas proof of history consensus mechanism contributes to its high throughput and low transaction costs by incorporating the time into the blockchain itself. It processes thousands of transactions per second.

2. A platform like Educhain can revolutionize access to education because they can use the technology of Solana to make it fast to look at college apps or entrance exams and process it extremely quickly.

3. The architecture ensures the network can grow without sacrificing performance or increasing costs because it keeps a detailed list of all who want to buy or sell. Trades are cheap and it is so fast, it is also fun and feels like a game.