In the rapidly evolving landscape of cryptocurrencies, Solana has emerged as a notable contender, capturing the attention of both investors and developers alike. Launched in March 2020 by Anatoly Yakovenko, Solana offers a novel approach to scalability and speed, goldencoin.us aiming to address significant limitations faced by many of its predecessors, such as Bitcoin and Ethereum.
At its core, Solana is a high-performance blockchain designed for decentralized applications (dApps) and crypto projects. One of its most distinguishing features is its unique consensus mechanism known as Proof of History (PoH). This innovative method timestamps transactions, allowing the network to process a staggering 65,000 transactions per second (TPS) without compromising decentralization. In contrast, Ethereum, which currently utilizes Proof of Work and is in the process of transitioning to Proof of Stake, can manage around 30 TPS under optimal conditions.
