Whitepapers Solana SOL White Paper Explained Summary

Solana SOL White Paper Explained Summary

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Solana SOL White Paper

Summary:

The paper proposes a new blockchain architecture based on Proof of History (PoH) – a proof for verifying order and passage of time between events.

PoH is used to encode trustless passage of time into a ledger – an append only data structure.

When used alongside a consensus algorithm such as Proof of Work (PoW) or Proof of Stake (PoS), PoH can reduce messaging overhead in a Byzantine Fault Tolerant replicated state machine, resulting in sub-second finality times.

The paper also proposes two algorithms that leverage the time keeping properties of the PoH ledger – a PoS algorithm that can recover from partitions of any size and an efficient streaming Proof of Replication (PoRep).

The combination of PoRep and PoH provides a defense against forgery of the ledger with respect to time (ordering) and storage.

The protocol is analyzed on a 1 gbps network, and the paper shows that throughput up to 710k transactions per second is possible with today’s hardware.

Explained – Solana SOL White Paper. Learn in depth about differnet coins on the blockchain by understanding whitepapers.

There is a lot to learn about this futuristic tech, lets get started to dive into the Solana SOL white paper and start to leverage it to build a more secure and trusted ecosystem for Industry 4.0 applications.

We will deep dive into how the coin works by understanding the whitepaper and its summary. Solana (SOL).

Lets understand Solana (SOL) after going through the Solana SOL white paper.

Without wasting any further time lets get started to dive right in and lets understand white paper first.

What is white paper?

A white paper is an informational, influential, well-structured document, usually published by an organization, to provide in-depth information about a specific solution.

A white paper is used to provide a good insight into the challenges for a specific problem and a proposed solution for the same.

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Solana SOL White Paper

Solana SOL white paper will be going to provide you, all the information that is needed to get started with Solana (SOL), including the inspiration for creating, the problem it is trying to solve and the solution proposed by Solana (SOL).

Abstract

This paper proposes a new blockchain architecture based on Proof of History (PoH) – a proof for verifying order and passage of time between events. PoH is used to encode trustless passage of time into a ledger – an append only data structure.

When used alongside a consensus algorithm such as Proof of Work (PoW) or Proof of Stake (PoS), PoH can reduce messaging overhead in a Byzantine Fault Tolerant replicated state machine, resulting inn sub-second finality times.

This paper also proposes two algorithms that leverage the time keeping properties of the PoH ledger – a PoS algorithm that can recover from partitions of any size and an efficient streaming Proof of Replication (PoRep).

The combination of PoRep and PoH provides a defense against forgery of the ledger with respect to time (ordering) and storage. The protocol is analyzed on a 1 gbps network, and this paper shows that throughput up to 710k transactions per second is possible with todays hardware.”

White Paper Link: Solana (SOL) White Paper

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