Hello and welcome to this blog post about Solana SOL White Paper. I am very excited to know that you are interested in this amazing technology, you will be going to amazed by the incredible potential of the blockchain.
There is a lot to learn about this futuristic tech, lets get started to dive into the Solana SOL white paper and start to leverage it to build a more secure and trusted ecosystem for Industry 4.0 applications.
The aim of this blog post is to help you quickly understand about the philosophy behind the Solana (SOL).
I can ensue you that, you will be able to understand every bits and pieces related to Solana (SOL) after going through the Solana SOL white paper.
Without wasting any further time lets get started to dive right in and lets understand white paper first.
What is white paper?
A white paper is an informational, influential, well-structured document, usually published by an organization, to provide in-depth information about a specific solution.
A white paper is used to provide a good insight into the challenges for a specific problem and a proposed solution for the same.
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Solana SOL White Paper
Solana SOL white paper will be going to provide you, all the information that is needed to get started with Solana (SOL), including the inspiration for creating, the problem it is trying to solve and the solution proposed by Solana (SOL).
“ This paper proposes a new blockchain architecture based on Proof of History (PoH) – a proof for verifying order and passage of time between events. PoH is used to encode trustless passage of time into a ledger – an append only data structure.
When used alongside a consensus algorithm such as Proof of Work (PoW) or Proof of Stake (PoS), PoH can reduce messaging overhead in a Byzantine Fault Tolerant replicated state machine, resulting inn sub-second finality times.
This paper also proposes two algorithms that leverage the time keeping properties of the PoH ledger – a PoS algorithm that can recover from partitions of any size and an efficient streaming Proof of Replication (PoRep).
The combination of PoRep and PoH provides a defense against forgery of the ledger with respect to time (ordering) and storage. The protocol is analyzed on a 1 gbps network, and this paper shows that throughput up to 710k transactions per second is possible with todays hardware.”
White Paper Link: Solana (SOL) White Paper
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