How is the Solana Network Secured?
- Solana relies on a unique combination of proof-of-history (PoH) and proof-of-stake (PoS) consensus mechanisms.
- Proof-of-history is the main component of the Solana protocol. PoH records successful operations and the time that has passed between them, thus ensuring the trustless nature of the blockchain.
- The proof-of-stake (PoS) consensus is used as a monitoring tool for the PoH processes, and it validates each sequence of blocks produced by it.
- The combination of two consensus mechanisms makes Solana a unique phenomenon in the blockchain industry.
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How Is the Chainlink Network Secured?
- As an Ethereum-based ERC-20 token, Chainlink is secured by the proof-of-stake (PoS) consensus mechanism. PoS models are becoming increasingly popular as they need less electrical power and are easily scalable.
What makes Solana unique?
One of the essential innovations Solana brings to the table is the proof-of-history (PoH) consensus developed by Anatoly Yakovenko.
Solana is known in the cryptocurrency space because of the incredibly short processing times the blockchain offers. Solana can proces...
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