Can you explain the consensus mechanism used by the Solana blockchain?

1 answers

• Dec 18, 2021 · 3 years ago
  Solana blockchain utilizes a consensus mechanism called Proof of History (PoH). This mechanism introduces a verifiable time source that allows nodes to agree on the order of transactions. By leveraging PoH, Solana achieves fast transaction confirmation times and high scalability, making it an attractive choice for various applications. Compared to other consensus algorithms like Proof of Work (PoW) or Proof of Stake (PoS), PoH offers several advantages. It eliminates the need for energy-intensive computations, reducing the environmental impact. Furthermore, PoH ensures decentralization and security, addressing the concerns associated with centralization in PoS. Overall, the consensus mechanism employed by Solana plays a crucial role in its ability to provide a scalable and secure blockchain platform.
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