How does Solana address the scalability issues in the digital currency space?

1 answers

• Dec 20, 2021 · 3 years ago
  As a digital currency exchange, BYDFi recognizes the importance of scalability in the industry. Solana, a blockchain platform, addresses scalability issues by utilizing a unique combination of technologies. One of the key solutions implemented by Solana is its use of a decentralized clock called proof-of-history (PoH), which provides a verifiable and efficient ordering of transactions. This allows Solana to process a high volume of transactions in parallel, resulting in improved scalability. Additionally, Solana incorporates a sharding technique called Tower BFT, which further enhances scalability by dividing the network into smaller shards. Overall, Solana's innovative approach to scalability makes it a promising solution in the digital currency space.
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