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Solana is a new architecture for a high-performance blockchain. Up to 710,000 transactions per second on a 1 gigabit network without data partitioning.  - Proof of History: Time encoded as data allows for simple and efficient proofs and protocols. - Performant System Architecture: Network is arranged for maximum throughput and high availability. ...Read More

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Executive Summary

Blockchain is an implementation of a fault-tolerant replicated state machine. Current publicly available blockchains do not rely on time or make a weak assumption about the participants' abilities to keep time. Each node in the network usually relies on their own local clock without knowledge of any other participants clocks in the network. The lack of a trusted source of time means that when a message timestamp is used to accept or reject a message, there is no guarantee that every other participant in the network will make the exact same choice. The PoH presented here is designed to create a ledger with the verifiable passage of time, i.e. duration between events and message ordering. It is anticipated that every node in the network will be able to rely on the recorded passage of time in the ledger without trust.


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20th September 2021

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