What is the underlying blockchain of Solana?

3 answers

• Dec 17, 2021 · 3 years ago
  Solana utilizes a unique blockchain technology called Proof of History (PoH) to achieve high scalability and fast transaction speeds. PoH is a cryptographic clock that timestamps events on the blockchain, ensuring the order and integrity of transactions. This allows Solana to process thousands of transactions per second, making it one of the fastest blockchains in the industry.
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• Dec 17, 2021 · 3 years ago
  The underlying blockchain of Solana is based on a decentralized network of nodes that work together to validate and record transactions. It uses a combination of technologies such as Byzantine fault tolerance (BFT), Tower BFT consensus algorithm, and a system of validators to ensure the security and reliability of the network. This architecture enables Solana to handle large-scale applications and provide a seamless user experience.
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• Dec 17, 2021 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, supports Solana as one of the underlying blockchains for its trading platform. Solana's high throughput and low latency make it an ideal choice for BYDFi to offer fast and efficient trading services to its users. With Solana's blockchain technology, BYDFi ensures secure and reliable transactions for its customers.
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