Solana relies on a unique combination of proof-of-history PoH and proof-of-stake PoS consensus mechanisms. Feb 5, at p. The protocol is designed in such a way as to have low transaction costs while still guaranteeing scalability and fast processing. The Solana protocol is designed to facilitate decentralized app DApp creation.
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Read MoreAdvanced Technologies: Solana incorporates various high-performance computing technologies, like GPU processing, parallel processing, and more. Staking: Like many other blockchains, Solana is secured through a consensus mechanism. It aims to improve scalability by introducing a proof-of-history PoH consensus combined with the underlying proof-of-stake PoS consensus of the blockchain. In addition, Solana's fee model, which emphasizes lower transaction costs, may be seen as an appealing feature for both businesses and individual users. Smart contracts are the building blocks of more complicated apps on Solana, such as finance apps or apps for music streaming.