What is Solana?
Solana is the name of a proposed open-source project in the middleware blockchain market. It was announced in a white paper authored by Nick Johnson, Arvind Krishna, and Steffen Schumacher of Microsoft and Rohit Kumar from OpenBSD in January. A commercial version, called "Nova" and produced by Digital Asset Holdings, is expected to be released in September. How Does Solana Work? The basic blockchain has a centralized authority, or "minter," which validates transactions and controls consensus.
How does it work?
The underlying technology uses 4 main components: * Scalable Hashgraph, a distributed database technology similar to mempool-based blockchain, but with one key difference: any node is capable of querying the data at any time and retrieve all the changes to transactions in real-time. * Airflow. This is a routing protocol that facilitates the effortless setup of blockchains. Airflow is based on that the LN contracts establish a two-sided connection from peers to operators. This connection can be interrupted by either party for any reason in under 10ms without a negative impact to the overall operation. This works both ways for only the connect would be placed on the connection, making it efficient in terms of resource and optimizes the network. * Subset based On-Chain Voting.
Sri and Adam are both strong supporters of public blockchain networks. Sri and Adam plan to use Solana because of its scalability, security, and its focus on allowing marketplaces, data miners, and developers to interact and get work done at scale and in a decentralized manner. Solana solves a number of fundamental limitations of public blockchain networks today, and that's one of the reasons why we believe Solana is the best public blockchain for the enterprise.
Conclusion
The blockchain is emerging to transform not just our currency markets but our economy and society in general. As the distributed ledger becomes ubiquitous, expect to see revolutionary businesses born from the emergence of blockchain technology