{"id":15227,"date":"2022-12-09T07:56:02","date_gmt":"2022-12-09T07:56:02","guid":{"rendered":"https:\/\/usenobi.com\/blog\/?p=15227"},"modified":"2023-01-26T02:11:36","modified_gmt":"2023-01-26T02:11:36","slug":"what-is-solana-sol","status":"publish","type":"post","link":"https:\/\/usenobi.com\/blog\/en\/what-is-solana-sol\/","title":{"rendered":"What is Solana (SOL)?"},"content":{"rendered":"\n

Baca dalam Bahasa Indonesia<\/a><\/strong><\/p>\n\n\n\n

Solana is a crypto computing platform that aspires for high transaction speeds while maintaining decentralization. It utilizes a number of unique techniques, such as the \u201cproof of history\u201d mechanism.<\/p>\n\n\n\n

SOL, Solana\u2019s native coin, can be used to pay transaction fees and to stake. It also allows holders to vote on future updates.<\/p>\n\n\n\n

What Makes Solana Special?<\/strong><\/h2>\n\n\n\n

Bitcoin was created almost a decade ago to solve a complex issue: how to enable anonymous online payments between parties in different parts of the world, without the need for a third party such as Visa or PayPal.<\/p>\n\n\n\n

The term \u201cblockchain\u201d is used to describe the underlying technology that enables decentralized transactions and, by extension, the entire ecosystem of cryptocurrencies. However, blockchains have one key drawback in comparison to centralized networks like those used by credit card companies: they are slow. In contrast to Visa\u2019s network, which processes tens of thousands of transactions per second on average, Ethereum processes on average fewer than 15 per second as of August 2021.<\/p>\n\n\n\n

There are a number of innovative crypto solutions, Solana included, that promise to make crypto networks faster and more scalable. It employs a number of cutting-edge technological innovations, one of which is a truly original mechanism known as \u201cproof of history.\u201d<\/p>\n\n\n\n

What is Proof of History (PoH)?<\/strong><\/h2>\n\n\n\n

Proof of History is different from the process employed by Bitcoin as part of its Proof of Work consensus mechanism. Bitcoin blocks are enormous groupings of unordered transactions. Based on their local clock, each BTC miner adds the time and date to the block they mine. The time may differ from other nodes or could be incorrect. Nodes must then determine whether the timestamp is correct.<\/p>\n\n\n\n

Validators process and send less information in each block by sorting transactions in a chain of hashes. Using a hashed record of the most recent state of transactions greatly reduces the time it takes to confirm a new block.<\/p>\n\n\n\n

Note that Proof of History is not a consensus process. Instead, it\u2019s a way of reducing the amount of time needed to confirm the order of transactions. Selecting the following validator for a block is more simpler when used with proof of stake. Nodes take less time to verify the set of transactions, which allows the network to select a new validator more swiftly.<\/p>\n\n\n\n

Key Features of Solana<\/strong><\/h2>\n\n\n\n

The Solana team has designed eight fundamental technical features to make the blockchain meet the capabilities of a centralized system. Perhaps the most prominent is Proof of History, albeit there are others as well:<\/p>\n\n\n\n