1/ Many Solana native users don’t fully understand what makes Solana different than other Layer 1’s.
A brief introduction to Proof of History🧵👇🏼
2/ Proof of History (PoH) is a blockchain architecture developed by the Solana team. It uses a unique, verifiable timestamp for each block of transactions to prevent double-spending and ensure the integrity of the blockchain.
3/ In Solana's PoH system, the "clock" is a mathematical function that generates a unique timestamp for each block of transactions. This timestamp is used to order the transactions and prevent double-spending.
4/ To ensure the accuracy of the clock, Solana uses a network of validators who compete to append new blocks of transactions to the blockchain. The validators use a PoS consensus mechanism to determine the winner of each round.
5/ PoH uses a cryptographic technique called "verifiable delay functions" (VDFs) to generate timestamps that are provably difficult to predict or alter. This allows the platform to generate unique and verifiable timestamps.
6/ The use of VDFs in Solana's PoH system adds an extra layer of security to the platform. VDFs make it much more difficult for attackers to manipulate the timestamps.
7/ Additionally, the use of unique and verifiable timestamps for each transaction ensures that each transaction is processed only once, further enhancing the security of the system.
8/ The use of PoH in Solana's blockchain allows for fast and secure transaction processing without sacrificing decentralization or security.
This makes it a highly scalable platform for handling a large number of transactions.
9/ Overall, the use of PoH in Solana's blockchain allows the platform to process transactions quickly and securely, without sacrificing decentralization or security.
10/ This makes it well-suited for handling a large number of transactions, making it a highly scalable platform.
Marbius 🌻
@MarbiusC
Spend most of my time researching. What I share is free and worth every penny. Unrolled threads in link👇🏼
