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SOLANA CryptoCurrency is one of the fourth generation blockchains that provides users with an open and new infrastructure to increase scalability. The network uses a number of new technologies that give it unparalleled speed and very high security. For this reason, this network has experienced significant growth since 2017 and after its introduction. If you also want to invest in the native token of the SOLANA cryptocurrency, SOL, but you have not yet received enough information about it, follow us in the rest of this article.

What does SOLANA CryptoCurrency offer a solution to?

There are several key issues in the blockchain network that Solana is trying to address. In the first place, the network architecture is such that it is scalable and resists censorship. This extensive blockchain both speeds up transactions and helps increase bandwidth.

Scalability

One of the shortcomings of the Cryptocurrency market, which is becoming more and more serious, is its scalability. The dependence of the initial blockchains on the control mechanism of the work presentation has led to several problems. Top-notch Cryptocurrencies such as Bitcoin and Ethereum are for designing to increase transaction costs as the network expands. Ethereum is currently facing a flood of new projects, some of which are in the Defi area. The increase in such projects unfortunately leads to higher transaction costs and delays in transactions for the general public.

SOLANA Cryptocurrency prevents a scalability crisis by creating a system that distributes network transactions according to bandwidth. For example, Bitcoin can do seven transactions per second, and Ethereum can do twelve transactions per second, while Solana can do up to 50,000 transactions per second with its technology, which is very different from first-rate Cryptocurrencies. It’s amazing.

Benefits of SOLANA Cryptocurrency

It is not difficult to see the benefits of a Cryptocurrency that can grow to the scale of the international community’s economic needs. In addition, the scalability of SOLANA Cryptocurrency makes it a better blockchain for decentralized applications such as decentralized exchanges (DEX). Here are the top benefits of Solana blockchain technology.

1- Resistance to censorship

Solana’s unreliable and scattered nature makes it very suitable for everyday choices. With SOLANA Cryptocurrency, it is possible to make international transactions very quickly and at a fraction of the cost of most Cryptocurrencies. In addition to higher speeds and lower fees, the lack of centralized control over the network ensures that no individual or organization can stop, block or misuse your transactions.

2- Transaction confirmation agency

Due to the fact that in this blockchain, users can confirm the transaction, they can use its many benefits. One of the advantages is that it is possible for anyone to generate income by verifying Solana transactions. That’s why authentication protocols are gaining more and more fans because they are easier for users to learn and generate a more stable income than trading.

How does SOLANA Cryptocurrency work?

Solana is a DPoS network. These networks differ in their views from POS. Both use verifiers to verify transactions. Verifiers are on their overall position in the network. The more Solana currency you have, the more likely you are to be as a verifier. In this way, those who have invested heavily in this network will be in a position of approval.

The structure and work of consensus

Solana operates on a proven POS network or DPOS. DPOS differs from POS in many ways. Both mechanisms use providers to validate the transaction process. Proofs or witnesses are selected based on their total assets in the network. The more Cryptocurrency Solana or SOL you have, the more likely you are to be selected as proof of transactions. With this strategy, only people who are deeply involved in the network and have invested a lot can act as proof in the network.

Witnesses receive rewards when they approve transactions and add that reward to the blockchain. Those who do not witness transactions can still make easy profits through consensus on their assets with witnesses. This system allows everyone to participate in building secure networks and allows users to select nodes that are eligible for transaction authentication.

DPOS networks are many times faster than POS-based blockchains. The average speed of Solana to build the next block in one chain is 2.34 seconds. However, experiments have shown that the network can verify blocks at a speed of about 1.6 seconds. Given that Bitcoin takes about 10 minutes to do the same thing with each block, it is clear why DPOS-based blockchains are constantly accelerating.

Date control mechanism or POH

The POH mechanism plays a vital role in the Solana ecosystem. This protocol greatly optimizes this blockchain by combining the time tag with the approval of each transaction. These time tags enable nodes to record the sequence of events. In this way, the system will act as a cryptographic clock for the network.

BFT tower in Solana Cryptocurrency

The BFT tower system greatly enhances the accountability of system auditors by providing voting opportunities for users who play a proving role in the network. This mechanism also archives previous votes and uses them to expedite transaction proof. In this way, users refer to only one of their previous votes to approve or disapprove a transaction instead of reviewing it in its entirety. Thus, the BTF tower can be considered as an advanced PBFT system that is used in other DPOS blocks.

Gulf Stream in Solana

The Gulf Stream destroys the concept of Mempool. Mempool Waiting area for transactions before being selected to move to the next block. In Bitcoin, Mempool is used to give miners the opportunity to choose the most profitable transaction. Gulf stream is a new strategy that allows the network to send transactions to the next block before they are in one block.

Sea level in Solana Cryptocurrency

Solana uses sea level to execute smart contracts, which gives it a significant advantage over other popular blockchains. Using sea level, Solana executes smart contracts in parallel. This system also allows similar contracts to use the same protocols. Using a sea-level strategy means that thousands of contracts can fade simultaneously without disrupting network performance.

Pipelining mechanism

Solana uses the analytics system as a pipeline as part of its open hardware structure. This protocol transmits a stream of input data to different hardware according to their characteristics. The use of the pipeline mechanism leads to improved time in verifying solana Cryptocurrency blockchain transactions.

Cloudbreak in Solana Cryptocurrency

The cloud breaker is the Solana network database. This system is designed to be more advanced than previous types because it allows data to be read and written simultaneously. The superbreaker operates in interaction with pipeline mechanisms and archiving protocols.

Turbine

Turbine is another proprietary technology that Solana has introduced. This protocol receives important data and breaks it into smaller pieces. In this way, these packets can go nodes at higher speeds and with less bandwidth required.

History of Solana

The past of the SOLANA Cryptocurrency dates back only to 2017 when Anatoly Yakonko started the project. He partnered with Greg Fitzgerald and Eric Williams to achieve his main goal of building a blockchain that is scalable on the scale of the global economy.

Immediately after Solana’s unveiling, the currency partnered with another blockchain to build DEX. This blockchain, called serum, uses Solana’s advanced system for independent exchange and extraction. The Cryptocurrency community has enthusiastically welcomed the new and unique features of DEX, and Solana has continued to grow since then.

Solana initial release

The currency came first into the market in 2020. Eight million solanas were sold at a value of $ 0.22 per coin. Analysts predict that Solana, like other Cryptocurrencies, will fluctuate widely, and those who consciously invest in the project in the short term can reap the benefits. But due to the failure of similar technology-driven projects presented in Bainance, one must be prepared that Solana will not be able to make a large profit for investors in the long-term Cryptocurrency market.