Review on Solana by Jesmin Akter

Problems with transaction settlement speed and bandwidth were prevalent among the early blockchains, and they continue to be so today. When combined with an efficient Proof-of-Stake mechanism, Solana's new architecture, driven by a new method to verify transactions, may certainly be a good contender for platforms that compete with Bitcoin and Ethereum, according to the team behind it.



With the help of the community, Solana presented a new method for making blockchains more decentralized. Prior to a transaction being included in the distributed ledger, the PoH system embeds historical recordings of the transaction in order to verify that the transaction really occurred.



One of the most difficult problems facing current blockchains, scalability, is being tackled by Solana. This issue has always been a stumbling block to the widespread acceptance of cryptocurrencies. Due to the limited transaction throughput of bitcoin, it is unable to completely compete with traditional payment methods such as Paypal or Visa. The development of Solana was spurred forward by this need. Solana has caught the attention of a number of cryptocurrency enthusiasts because to its ability to handle more than 50,000 transactions per second.