The history of the $SOL token began in 2017, when its founder, Anatoly Yakovenko, presented a white paper describing the concept of Proof of History. Anatoly, a former Qualcomm engineer, saw the need to create a blockchain that could handle high loads without compromising decentralization and security. Together with co-founders Greg Fitzgerald and Stephen Acridge, they founded Solana Labs, a company that would develop and launch Solana. In 2020, the platform was officially launched, and since then it has attracted many projects and investors, becoming one of the leading blockchain platforms on the market.
How does Solana work?
The #SOL token operates on a unique combination of technologies that provide its high performance and scalability. The core technology is Proof of History (PoH), invented by Anatoly Yakovenko. PoH allows for the creation of a timestamp for each transaction, which ensures its consistency and time order without the need for all network nodes to participate. This significantly speeds up transaction processing, as nodes do not waste time agreeing on time.
Another key technology is Tower BFT (Byzantine Fault Tolerance), which is an improved version of the PBFT (Practical Byzantine Fault Tolerance) consensus algorithm. Tower BFT uses PoH timestamps to simplify and speed up the process of reaching consensus among nodes.
Solana also uses Turbine technology, which breaks data into small packets and sends them across the network in parallel, reducing congestion and increasing throughput. Gulf Stream is a protocol that allows for pre-selection of leaders for block creation, reducing latency. In addition, Solana uses Cloudbreak for efficient data management and Sealevel for parallel execution of smart contracts, improving overall network performance.
#АнатолийЯковенко #ОсновательSolana
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