Greetings SoMee Family

Today I will be Teaching About the Solana Blockchain.

1. ABOUT SOLANA BLOCKCHAIN:
Solana could be backdated to 2017 when Anatoly yakovenko, Eric Williams, Greg Fitzgerald inclusive others detailed a whitepaper detailing the functionality of the Solana blockchain based on the proof of history (PoH) which we all know and see as an advancement of the proof of stake with great features like processing over 700,000 transactions per second and solving further scalability issues.

Solana is seen to be an open-source project which is very functional and utilizes a new seamless and highly scalable layer-1 blockchain. The structure of this blockchain allows for the facilitation of smart contracts and further enhancement of smart contracts spreading into decentralized finance networks as well as NFTs to work with

2. PROOF OF HISTORY(POH):
This blockchain network works through the Proof of History (PoH), a series of calculation works that affirms the taking-place of an event at any point in time on the network.

The network makes use of the Tower Byzantine Fault Tolerance (TBFT)to improve security and more efficient validation of transactions on the network. Getting consensus is more so, another important function of the tower's byzantine fault tolerance.

The Solana native token is seen as the SOL token which allows for user staking as well as governance on the blockchain as well as transfers of value.

3. Early Solana's shortcomings
Every great blockchain would surely have one or more weakness at the beginning but then it's left to them, to work on it and the Solana blockchain isn't an exception to that.

There were early shortcomings in the Solana blockchain and they included that :

3a. Firstly the blockchain due to its reputation of solving the blockchain trilemma got so many tongues wagging, that it had weak security since it hadn't faced serious challenges like other big blockchain networks like bitcoin but in the midst of this, the blockchain network makes use of the proof of history protocol to keep the blockchain optimum secured

3b. There were also rumors/challenges of the Solana blockchain being centralized since over 60% of tokens are owned by shareholders and owners of the project but all financial events and transactions on the network, take place with the SHA256 function.

I hope you learned about the Solana blockchain today. Don't forget to upvote, comment and share with a friend

#AweSME #SME #someeofficial #SoMee #crypto #trading #upvote

Greetings SoMee Family Today I will be Teaching About the Solana Blockchain. 1. ABOUT SOLANA BLOCKCHAIN: Solana could be backdated to 2017 when Anatoly yakovenko, Eric Williams, Greg Fitzgerald inclusive others detailed a whitepaper detailing the functionality of the Solana blockchain based on the proof of history (PoH) which we all know and see as an advancement of the proof of stake with great features like processing over 700,000 transactions per second and solving further scalability issues. Solana is seen to be an open-source project which is very functional and utilizes a new seamless and highly scalable layer-1 blockchain. The structure of this blockchain allows for the facilitation of smart contracts and further enhancement of smart contracts spreading into decentralized finance networks as well as NFTs to work with 2. PROOF OF HISTORY(POH): This blockchain network works through the Proof of History (PoH), a series of calculation works that affirms the taking-place of an event at any point in time on the network. The network makes use of the Tower Byzantine Fault Tolerance (TBFT)to improve security and more efficient validation of transactions on the network. Getting consensus is more so, another important function of the tower's byzantine fault tolerance. The Solana native token is seen as the SOL token which allows for user staking as well as governance on the blockchain as well as transfers of value. 3. Early Solana's shortcomings Every great blockchain would surely have one or more weakness at the beginning but then it's left to them, to work on it and the Solana blockchain isn't an exception to that. There were early shortcomings in the Solana blockchain and they included that : 3a. Firstly the blockchain due to its reputation of solving the blockchain trilemma got so many tongues wagging, that it had weak security since it hadn't faced serious challenges like other big blockchain networks like bitcoin but in the midst of this, the blockchain network makes use of the proof of history protocol to keep the blockchain optimum secured 3b. There were also rumors/challenges of the Solana blockchain being centralized since over 60% of tokens are owned by shareholders and owners of the project but all financial events and transactions on the network, take place with the SHA256 function. I hope you learned about the Solana blockchain today. Don't forget to upvote, comment and share with a friend #AweSME #SME #someeofficial #SoMee #crypto #trading #upvote
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