How does Solana's consensus mechanism work and what makes it unique?

1 answers

• MessielOct 11, 2020 · 5 years ago
  Solana's consensus mechanism, Proof of History (PoH), is a revolutionary approach that combines the best of both Proof of Stake (PoS) and Proof of Work (PoW). PoH introduces a verifiable and time-stamped sequence of events, which allows nodes to agree on the order of transactions without the need for energy-intensive computations. This makes Solana incredibly fast and efficient, with the ability to process thousands of transactions per second. Unlike other cryptocurrencies, Solana's consensus mechanism does not rely on a leader-based system, which eliminates the risk of centralization and censorship. Instead, it is designed to be highly decentralized and resistant to attacks. Solana's unique consensus mechanism is what makes it stand out in the crowded cryptocurrency market.
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