SOLANA AND PROOF OF HISTORY, WHAT IS IT?

So in today’s crypto news and prices - BTC comes in at $19,295; Solana is at $31.00, and Cardano (ADA) is at 0.48 cents. In the not-so-crypto news, we learn of Queen Elizabeth’s transition out of this natural physical world; I believe that there is prophetic significance to her passing and the timing of her passing but I don’t have details yet, so stay tuned!😊

You already know I’ve had Solana and Cordano on my mind a lot lately so today I want to chat some more about Solana and share with you what I’ve found out so far. The goal of Solana is to maximize the speeds of your and my transactions. They do this by using a mechanism called Proof of History. Proof of History is also used to help run transactions on the chain.

In an article dated August 16, 2022 Bitstamp dot net shares this about Solana: “The Solana blockchain platform uses hybrid mechanism to solve the famous “blockchain trilemma” and maximize security, scalability, and decentralization.” Isn’t that what we all need though? To know that our transactions are secure and decentralized? I’m thankful for that!

From what I’ve read, it seems that Solana’s Proof of History timekeeping method works together with its *Proof of Stake mechanism. Proof of History allows multiple validators to process transactions simultaneously, and again I’m happy about that! I love how the crypto platform is evolving and changing on a daily basis; at least that’s what it seems like!

So cheer up when you think of your cryptocurrency investments because we are in the right space at the right time with the right people, doing the right thing!🙌🏾

*(You can find more information about Proof of Stake VS Proof of Work in #CryptoDevo posts dated July 19, 20, and 25th, 2022).

Copyright ©2022 Sherma Jacqueline Felix, BLACK ADVANTAGE Publishing™ . The author shall neither be liable nor responsible for any loss or damage allegedly arising from any information or suggestions in this post.